ADTRAN, Inc. (ADTN) Misses Q3 EPS by 1c ; Offers Guidance

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Go back to ADTRAN, Inc. (ADTN) Misses Q3 EPS by 1c ; Offers Guidance

Rosenblatt Upgrades ADTRAN (ADTN) to Buy

November 8, 2024 6:48 AM EST

Rosenblatt analyst Mike Genovese upgraded ADTRAN (NASDAQ: ADTN) from Neutral to Buy with a price target of $10.00.

The analyst comments "We are upgrading ADTN to Buy and increasing our price target to $10 based on 20x 2026 EPS, which is only 0.8x.EV-to-2026 sales. 3Q24... More