16.38 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||16.39 x 1000|
|Ask||16.40 x 800|
|Day's Range||16.05 - 16.46|
|52 Week Range||10.21 - 19.30|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.36 (2.10%)|
|1y Target Est||16.70|
Adtran (ADTN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
ADTRAN Inc NASDAQ/NGS:ADTNView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for ADTN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADTN. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $2.91 billion over the last one-month into ETFs that hold ADTN are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Provides operators with the ability to better monetize broadband service delivery to any customer, over any network, to any Wi-Fi enabled device HUNTSVILLE, Ala., May 16, 2019.
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent […]
ADTRAN®, Inc., , a leading provider of next-generation networking solutions, announced today that ADTRAN representatives will present at the 47th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 16, 2019.
ADTRAN, Inc. (ADTN) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
There's one long-running issue with Nokia Corporation (NYSE:NOK): a lack of consistency. That's true for Nokia as a company, and it's been true for Nokia stock as well.Source: Shutterstock After a 10% decline on Thursday following NOK's disappointing Q1 earnings report, Nokia stock now sits where it did back in early 2012. Shareholders have harvested some dividends along the way, and those who have timed NOK stock correctly have made out well. But over the long haul, Nokia stock simply hasn't delivered.On its own, the first-quarter report doesn't necessarily prove that NOK won't deliver going forward. It may not even completely refute the bull case on Nokia stock. NOK did reiterate its full-year guidance. The timing of the company's 5G deals appears to have been an issue, one that should resolve itself as the year goes on.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Ought to Buy Back Shares At the same time, the report highlights the broader concerns about NOK stock at this point. It emphasizes the problem I detailed back in 2017, and again in February. Specifically, it's exceedingly difficult for a stock to rise consistently without consistent execution and performance by the underlying company. For most of this decade, NOK stock has proven that rule, and it did so again on Thursday. Nokia's EarningsThere's no way to spin it: Nokia's earnings were disappointing. Adjusted revenue of €5.1 billion did rise year-over-year , but only thanks to the weaker euro. In constant currency, according to management, NOK's adjusted sales dropped 1%, while its reported sales fell 2%. Nokia had guided for a lighter quarter relative to its performance over the full year. But analysts were expecting at least some growth, and it appears likely that Nokia management was as well.NOK's sales dropped, and so did its earnings, which in fact turned negative. Adjusted earnings per share came in at negative €0.02, a mirror image of the €0.02 per share profit the company reported during the same period a year before. The Street had projected EPS of €0.03. Operating profit, too, turned negative after a modest profit in the first quarter of 2018.Granted, the miss wasn't huge - and in that context, the 10% decline of Nokia stock might seem like an overreaction. But it seems likely investors were expecting a beat; Nokia has, in recent years, generally guided a bit light, enabling it to often exceed consensus expectations. And beyond the issue of the miss, there's the question of what the quarter means for the rest of 2019 and beyond. Is the Selloff of Nokia Stock an Overreaction?Nokia's management did try to minimize the importance of the quarter. Its full-year guidance was reiterated, though the company noted "significant pressure on execution in the second half." Revenues from 5G projects were previously expected to rise in the second half of the year, but more of the revenue appears to have slipped to the second half. Specifically, NOK cited some €200 million of 5G revenue that wasn't able to be recognized in Q1, but should positively impact the company's results before the end of the year.The issue with Q1 isn't that sales and profits were lost, but rather that they slipped into the second half. And that explanation makes sense. The rising pressure on Chinese rival Huawei presents a potential opportunity for Nokia and rival Ericsson (NASDAQ:ERIC). But it's also led some customers to rethink their buying decisions, lengthening sales cycle.The case for buying the weakness of NOK stock, then, is based on the idea that nothing has really changed. The quarter was disappointing, but the company still has at least a chance to hit its full-year guidance.NOK's growth is supposed to be much stronger in 2020: EPS of €0.37-€0.42 against €0.25-€0.29 this year. In 2020, 5G projects and cost-cutting are expected to boost its bottom line. The bull case for Nokia stock, from a long-term standpoint, may not have changed all that much after the report. Yet after the decline, NOK stock is cheaper, trading at less than 13 times even the low end of next year's EPS guidance range. The Worries About Nokia StockAt the moment, investors aren't buying that argument and truthfully, neither am I. NOK has lost credibility over the past few years in terms of delivering on its promises. As a result, it's difficult to trust its 2019 guidance at this point.There's also the risk that Huawei's troubles won't quite help NOK and Nokia stock as much as some might presume. Ericsson clearly is going after the customers of its Chinese rivals, and having some success: it posted very strong results last week. NOK's rivals in other areas of networking like Cisco Networks (NASDAQ:CSCO), Ciena (NYSE:CIEN) and even smaller Adtran (NASDAQ:ADTN) are performing well and posting growth, yet Nokia looks to be falling behind there, too.Nokia has a big opportunity in 5G. But NOK has had opportunities for years, and it hasn't been able to take advantage of them. The acquisition of Alcatel Lucent was supposed to be transformative, yet Nokia stock trades well below its pre-merger levels. NOK supposedly had an opportunity in digital health, yet it sold that business after taking an enormous writedown. Cost-cutting was supposed to drive profits, but its revenue hasn't grown.At the end of the day, the problem with NOK's Q1 results is that they require investors to trust the company. They require trust that NOK's guidance still is correct, and trust that Nokia can nimbly navigate the new 5G equipment environment while fending off Ericsson.Investors don't have that faith, with good reason. That's why Nokia stock is falling so hard after its earnings and why it doesn't feel like the plunge of Nokia stock is an opportunity.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post Surprise Loss Highlights Ongoing Risk to Nokia Stock appeared first on InvestorPlace.
AT&T (T) and Verizon (VZ) miss first-quarter 2019 revenue estimates as the industry appears to be still grappling with the aftereffects of the trade war and higher investments for technology and infrastructure upgrade for 5G deployments.
On a per-share basis, the Huntsville, Alabama-based company said it had net income of 2 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share. The results surpassed Wall Street ...
ADTRAN, Inc. reported results for the first quarter 2019. For the quarter, sales were $143.8 million compared to $120.8 million for the first quarter of 2018. Net income was $0.8 million compared to a net loss of $10.8 million for the first quarter of 2018.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you own shares in ADTRAN, Inc. (NASDAQ:ADTN) then it's worth thinking about how it contributes to the volatility of your p...
ADTRAN, Inc. announced today that the Company will release its financial results for the first quarter 2019 after market close on Wednesday, April 17, 2019. The Company will conduct a conference call on Thursday, April 18, 2019 to discuss the results for the quarter.