Northland Securities analyst Tim Savageaux maintained a Hold rating on Adtran (ADTN – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $7.58.
According to TipRanks, Savageaux is a 5-star analyst with an average return of 18.1% and a 57.93% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Adtran, and AXT.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Adtran with a $14.40 average price target.
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The company has a one-year high of $24.97 and a one-year low of $7.00. Currently, Adtran has an average volume of 964.6K.
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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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