ADTRAN (NASDAQ:ADTN) had declared a cash dividend of $0.0900 on Apr 12, 2016. The shares will quote ex-dividend on Apr 26, 2016 and the record date has been fixed on Apr 28, 2016. At Apr 12, 2016 share price, the yield comes out to be 1.8898%. The dividend payable date has been fixed on May 12, 2016.
In a different note, On Feb 4, 2016, Cowen & Company said it Upgrades its rating on ADTRAN. The shares have been rated ‘Market Perform’ by the firm. On Jan 21, 2016, Needham said it Upgrades its rating on ADTRAN. The shares have been rated ‘Buy’ by the firm. On Jan 21, 2016, Jefferies said it Maintains its rating on ADTRAN. According to the research note, Jefferies Raises the price target to $15.5 per share from a prior target of $14.5. The shares have been rated ‘Hold’ by the firm. On Jan 15, 2016, Drexel Hamilton said it Upgrades its rating on ADTRAN. The shares have been rated ‘Buy’ by the firm.
ADTRAN (ADTN) made into the market gainers list on Fridays trading session with the shares advancing 0.35% or 0.07 points. Due to strong positive momentum, the stock ended at $20.3, which is also near the day’s high of $20.33. The stock began the session at $20.12 and the volume stood at 4,00,594 shares. The 52-week high of the shares is $20.8 and the 52 week low is $13.9238. The company has a current market capitalization of $999 M and it has 4,92,36,008 shares in outstanding.
ADTRAN(ADTN) last announced its earnings results on Jan 19, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $139.01M. Analysts had an estimated revenue of $137.75M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.03.
Several Insider Transactions has been reported to the SEC. On Apr 29, 2015, Thomas R Stanton (CEO) purchased 31,200 shares at $16.05 per share price.Also, On Apr 24, 2015, James E Matthews (director) sold 23,000 shares at $16.03 per share price.
ADTRAN Inc. is a global provider of networking and communications equipment. The Companys solutions enable voice data video and Internet communications across a variety of network infrastructures. The Company operates through two segments: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division offers broadband and optical infrastructure products and services used by service providers to aggregate transport and deliver voice data and video services to their customers premises and mobile network cell sites. The Enterprise Networks Division provides cloud connectivity solutions such as IP business gateways and access routers which provide business access to service provider networks and enterprise communications solutions which enable businesses to construct voice data and video networks at a single customer premises or among a distributed enterprises multiple sites.