$182.75 Million in Sales Expected for ADTRAN, Inc. (ADTN) This Quarter

$182.75 Million in Sales Expected for ADTRAN, Inc. (ADTN) This Quarter

The company has spent $8.90 million cash to meet investing activities during the quarter as against cash inflow of $5.37 million in the previous year period.

Analysts expect Ultra Petroleum Corp.

Operating cash flow drops significantlyADTRAN, Inc has generated cash of $9.04 million from operating activities during the quarter, down 42.35 percent or $ 6.64 million, when compared with the a year ago period.

ADTRAN, Inc.is a leading global provider of networking and communications equipment.

Media headlines about ADTRAN (NASDAQ:ADTN) have been trending somewhat negative recently, AlphaOne reports. Earnings per share were $0.14 compared to $0.10 for the first quarter of 2016. The company had revenue of $170.28 million for the quarter, compared to the consensus estimate of $167.87 million. Non-GAAP earnings per share were $0.18 compared to $0.14 for the first quarter of 2016.

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ADTN has been the subject of several recent research reports. The company's shares closed yesterday at $19.80. Zacks Investment Research lowered shares of ADTRAN from a "buy" rating to a "hold" rating in a report on Tuesday, March 21st. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $20.56. MKM Partners reaffirmed a "buy" rating and set a $27.50 target price (up from $24.00) on shares of ADTRAN in a report on Tuesday, January 24th. Argus upgraded ADTRAN from a "hold" rating to a "buy" rating in a research report on Thursday. The stock has a consensus rating of "Buy" and a consensus target price of $23.60.

"ILLEGAL ACTIVITY WARNING: "$182.75 Million in Sales Expected for ADTRAN, Inc. The good news is, sales may return to growth this quarter. FMR LLC raised its stake in shares of ADTRAN by 1.1% in the fourth quarter. First Trust Advisors LP now owns 25,350 shares of the company's stock worth $473,000 after buying an additional 14,853 shares in the last quarter. Rail Splitter Capital Management LLC increased its position in shares of ADTRAN by 23.5% in the second quarter. 357,137 shares of the company were exchanged. The stock has a market capitalization of $967.95 million, a price-to-earnings ratio of 27.71 and a beta of 0.60. The share price has moved backward from its 20 days moving average, trading at a distance of -0.9% and stays -3.55% away from its 50 days moving average.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Thursday, May 4th will be issued a $0.09 dividend.

Based on the latest brokerage notes which have been released to investors, 1 brokers have issued a rating of "strong buy", 4 brokers "buy", 4 brokers "neutral", 1 brokers "sell" and 0 brokers "strong sell". The ex-dividend date is May 2, 2017, and the payment date is May 18, 2017. ADTRAN solutions are now in use by service providers, private enterprises, government organizations, and millions of individual users worldwide.

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