ADTRAN (ADTN) call put ratio 2.3 calls to 1 put as share price down 18%

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Go back to ADTRAN (ADTN) call put ratio 2.3 calls to 1 put as share price down 18%

ADTRAN (ADTN) PT Lowered to $6.50 at Jefferies

August 7, 2024 5:19 AM EDT

Jefferies analyst George Notter lowered the price target on ADTRAN (NASDAQ: ADTN) to $6.50 (from $8.50) while maintaining a Buy rating.

The analyst comments "2Q billings of flat yoy was better than feared while 35% op mgn was vastly better than expected. FTNT maintained '24 billings guide... More