Avondale Downgrades ADTRAN (ADTN) to Market Perform

July 12, 2012 12:03 PM EDT
Get Alerts ADTN Hot Sheet
Price: $8.42 +1.08%

Rating Summary:
    12 Buy, 13 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 4 | Down: 6 | New: 4
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Avondale Partners downgraded ADTRAN (NASDAQ: ADTN) from Market Outperform to Market Perform earlier.

The Street is responding to Q2 results from the company on Wednesday morning and a warning from Calix (Nasdaq: CALX).

Shares of ADTRAN last traded at $22.01, down about 4.3 percent for the session.

For an analyst ratings summary and ratings history on ADTRAN click here. For more ratings news on ADTRAN click here.


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