Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Adtran (ADTN – Research Report) today and set a price target of $12.00. The company’s shares opened today at $9.31.
Genovese covers the Technology sector, focusing on stocks such as Adtran, Viavi Solutions, and Calix. According to TipRanks, Genovese has an average return of 7.2% and a 52.10% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adtran with a $17.17 average price target.
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The company has a one-year high of $24.97 and a one-year low of $7.82. Currently, Adtran has an average volume of 915.7K.
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ADTRAN, Inc. engages in the provision of networking and communications equipment. It operates through the Network Solutions and Services and Support business segment. The Network Solutions segment includes hardware products and next-generation virtualized solutions used in service provider or business networks, as well as prior-generation products. The Services and Support segment offers ProCloud managed services, network installation, engineering and maintenance services, and fee-based technical support and equipment repair/replacement plans. The company was founded by Mark C. Smith in November 1985 and is headquartered in Huntsville, AL.
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