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ADTRAN, Inc.
Type
Public
Traded as NASDAQ: ADTN
S&P 600 Component
Industry Communication Equipment
Founded 1985
Headquarters Flag of the United States.svg Huntsville, Alabama, USA
Key people
Tom Stanton CEO
Revenue Increase US$630 Million (FY 2014)
Operating income
Increase US$52.1 Million (FY 2014)
Net income
Increase US$44.6 Million (FY 2014)
Total assets Increase US$446 Million (FY 2012)
Total equity Increase US$692 Million (FY 2012)
Number of employees
2045
Website www.adtran.com

ADTRAN, Inc. is a provider of telecommunications networking equipment and internetworking products. Its headquarters are in Huntsville, Alabama.

The company is ISO 9001 and TL9000 certified. ADTRAN was a NASDAQ-100 Index stock from 1996 to 1998. It was #85 on BusinessWeek's 100 "Hot Growth Companies" list in 2006.

ADTRAN was founded by Mark C. Smith and Lonnie McMillian, and began operations in 1986. The AT&T divestiture of the Regional Bell Operating Companies (RBOCs), with restrictions that effectively barred their manufacturing of equipment, created an opportunity for companies such as ADTRAN to supply network equipment, both to the seven RBOCs and the new and independent telephone companies in the United States.

ADTRAN adapted telephony technology for use in enterprise-wide area networks. ADTRAN has become a supplier of local loop access and deployment products for fiber, DS3, T1/E1, wireless T1/E1, Digital Subscriber Line (HDSL, HDSL2, HDSL4, SDSL, SHDSL), Frame Relay, Asynchronous Transfer Mode (ATM), Integrated Services Digital Network (ISDN), and Digital Data Service (DDS) digital services. ADTRAN supplies multi-service access platforms and Integrated Access Devices (IADs) for converged voice and data networks.

According to Computer Business Review, ADTRAN enhanced its portfolio of carrier ethernet products with the addition of three new multi-service modular routers supporting a services-enabled sustained throughput of up to 250Mbit/s.

In December 2011 ADTRAN announced a plan to buy the Broadband part from Nokia Siemens Networks. In 2012 ADTRAN’s closing of acquisition of the Nokia Siemens Networks Broadband division was finished.

ADTRAN's U.S. corporate headquarters is located in Huntsville, Alabama, in the second largest research park in the United States. ADTRAN's European Regional Headquarters is in Munich, Germany. ADTRAN has engineering research and development centers in:

Sales and support offices are located throughout the U.S. and around the world.

Competitors of ADTRAN's Carrier Networks Division include Alcatel Lucent (presently Nokia), Cisco Systems, Fujitsu, Huawei, and Tellabs. There are also a number of smaller, specialized firms with which compete with ADTRAN, such as Actelis, Calix, Zhone, and other privately held firms.

Competitors of ADTRAN's Enterprise Networks Division include Cisco Systems, Avaya, Nokia, Hewlett Packard, Enterasys Networks, Extreme Networks, Aruba, Aerohive, Meraki, and other smaller companies. Some of these companies compete in a single product segment while others compete across multiple product lines.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-03 Future report Set alerts
Q3 2020 2020-10-07 Future report Set alerts
Q2 2020 2020-08-06 0.04 0.02
Q1 2020 2020-05-07 -0.05 -0.21
Q4 2019 2020-02-05 -0.07 -0.24
Q3 2019 2019-10-30 -0.06 -0.96
Q2 2019 2019-07-17 0.14 0.08
Q1 2019 2019-04-17 0.10 0.02
Q4 2018 2019-01-23 -0.12 -0.18
Q3 2018 2018-10-16 0.21 0.16

Ratings

2016-04-18 Downgrade Goldman Sachs Neutral to Sell $18.00 to $17.00
2016-04-18 Downgrade Goldman Sachs Group Inc. Neutral to Sell $18.00 to $17.00
2016-04-14 Reiterated Rating Needham & Company LLC Buy $21.00 to $22.00
2016-04-14 Boost Price Target Stifel Nicolaus Buy $21.00 to $25.00
2016-04-14 Boost Price Target MKM Partners Buy $23.00 to $24.00
2016-04-13 Downgrade Northland Securities Outperform to Market Perform $20.00
2016-03-31 Reiterated Rating MKM Partners Buy
2016-03-28 Boost Price Target Needham & Company LLC Buy to Buy $30.00 to $32.00
2016-03-28 Boost Price Target MKM Partners Neutral $22.00 to $24.00
2016-03-28 Boost Price Target Jefferies Group Underperform $19.00 to $23.00
2016-03-28 Boost Price Target Cowen and Company Underperform $18.00 to $23.00
2016-02-04 Upgrade Cowen and Company Underperform to Market Perform
2016-01-21 Boost Price Target Jefferies Group Hold $14.50 to $15.50
2016-01-21 Upgrade Needham & Company LLC Hold to Buy $21.00
2016-01-15 Upgrade Drexel Hamilton Hold to Buy $22.00
2016-01-08 Upgrade Stifel Nicolaus Hold to Buy $21.00 to $21.00
2016-01-07 Upgrade M Partners Neutral to Buy
2016-01-07 Upgrade MKM Partners Neutral to Buy $16.00 to $21.00
2015-12-17 Upgrade JPMorgan Chase & Co. Neutral to Overweight $22.50
2015-10-15 Lower Price Target MKM Partners Neutral $16.50 to $16.00
2015-10-15 Reiterated Rating Jefferies Group Hold $16.75 to $14.50
2015-10-02 Lower Price Target MKM Partners Neutral $18.00 to $16.50
2015-09-30 Initiated Coverage Northland Securities Outperform $20.00
2015-09-09 Initiated Coverage Drexel Hamilton Hold
2015-04-23 Lower Price Target JPMorgan Chase & Co. Neutral $20.00 to $16.50
2015-04-23 Downgrade Needham & Company LLC Buy to Hold $25.00
2015-04-23 Downgrade Goldman Sachs Buy to Neutral $26.00 to $18.00
2015-04-22 Lower Price Target MKM Partners Neutral $18.50 to $17.50
2015-04-13 Lower Price Target MKM Partners Neutral $24.00 to $18.50
2015-04-06 Upgrade Jefferies Group Underperform to Hold $16.25 to $17.75
2015-01-22 Reiterated Rating Needham & Company LLC Buy $23.00 to $25.00
2014-10-16 Reiterated UBS Neutral $24 to $21
2014-10-08 Upgrade Goldman Sachs Neutral to Buy $23.00 to $25.00
2014-10-06 Reiterated Needham Buy $28 to $23
2014-10-06 Lower Price Target Needham & Company LLC Buy $28.00 to $23.00
2014-10-03 Lower Price Target MKM Partners Neutral $25.00 to $23.00
2014-10-03 Reiterated Rating JPMorgan Chase & Co. Neutral $22.50 to $20.00
2014-07-17 Reiterated UBS Neutral $24.50 to $24
2014-07-17 Lower Price Target MKM Partners Neutral $26.00 to $25.00
2014-07-17 Lower Price Target Needham & Company LLC Buy $30.00 to $28.00
2014-07-08 Reiterated Rating MKM Partners $26.00
2014-04-17 Lower Price Target MKM Partners Sell $29.00 to $26.00
2014-04-17 Reiterated Rating Jefferies Group Underperform $19.00
2014-04-17 Reiterated Rating JPMorgan Chase & Co. Neutral $22.50
2014-04-03 Boost Price Target MKM Partners Neutral $27.00 to $29.00
2014-04-03 Lower Price Target Goldman Sachs Neutral $28.00
2014-01-31 Downgrade Goldman Sachs Buy to Neutral $30.00
2014-01-23 Boost Price Target MKM Partners Neutral $24.00 to $27.00
2013-10-10 Lower Price Target Goldman Sachs Buy $30.00 to $27.00
2013-10-10 Boost Price Target Cowen and Company Underperform $16.00 to $18.00
2013-10-10 Upgrade Needham & Company LLC Hold to Buy $30.00
2013-09-12 Reiterated MKM Partners Neutral $22 to $24
2013-07-11 Upgrade MKM Partners Sell to Neutral $18 to $22
2013-07-11 Reiterated UBS Sell $19 to $18
2013-04-11 Reiterated UBS Sell $17 to $19
2013-04-11 Reiterated Mizuho Neutral $18 to $20
2013-03-18 Downgrade Mizuho Buy to Neutral $26 to $18
2013-01-17 Reiterated Mizuho Buy $22 to $26
2013-01-17 Reiterated Barclays Underweight $13 to $18
2013-01-17 Downgrade UBS Neutral to Sell
2012-11-08 Upgrade Mizuho Underperform to Buy $10 to $22
2012-10-11 Reiterated Mizuho Underperform $17 to $10
2012-10-05 Downgrade Barclays Equal Weight to Underweight $18 to $13
2012-10-01 Downgrade Argus Buy to Hold
2012-09-07 Reiterated Mizuho Underperform $20 to $18
2012-07-12 Reiterated UBS Buy $35 to $28
2012-07-12 Downgrade Stifel Nicolaus Buy to Hold
2012-07-12 Downgrade MKM Partners Neutral to Sell
2012-07-12 Downgrade Mizuho Neutral to Underperform $30 to $20
2012-07-12 Downgrade Capstone Investments Buy to Hold $38 to $26
2016-04-18 Downgrade Goldman Sachs Neutral to Sell $18.00 to $17.00
2016-04-18 Downgrade Goldman Sachs Group Inc. Neutral to Sell $18.00 to $17.00
2016-04-14 Reiterated Rating Needham & Company LLC Buy $21.00 to $22.00
2016-04-14 Boost Price Target Stifel Nicolaus Buy $21.00 to $25.00
2016-04-14 Boost Price Target MKM Partners Buy $23.00 to $24.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
STANTON THOMAS R CEO 0.26%  (142014) ADTN / BXS /
NORTH JAMES L 0.17%  (91785) ADTN /
MARKS WILLIAM L 0.09%  (48426) ADTN / CNL /
NICHOLS ROY J 0.06%  (33910) ADTN /
Nair Balan 0.04%  (24410) ADTN / CHTR / LBTYA /
HUSS H FENWICK 0.04%  (19383) ADTN /
Walker Kathryn A 0.03%  (16333) ADTN /
Shannon Roger D Sr VP Finance and CFO 0.02%  (13435) ADTN / PRSS /
Heering Kevin P. Sr VP Quality & Administration 0.02%  (12017) ADTN /
Wilson James Denson Jr Sr VP and GM, Carrier Networks 0.02%  (11815) ADTN /
Foliano Michael Sr VP, Global Operations 0.02%  (9136) ADTN /
Scheiterer Eduard Sr VP & Managing Director 0.01%  (8154) ADTN /
McCray Gregory James 0.01%  (6873) ADTN / CTL /
Melone Anthony J. 0.01%  (6323) ADTN / CCI / VZ /
Jacqueline Hourigan Rice 0.01%  (6322) ADTN / TGT /
Marsh Charles E. Sr VP Sales 0.01%  (3280) ADTN /

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