Information Provided By: 
Fly News Breaks for April 19, 2018
ADTN
Apr 19, 2018 | 08:03 EDT
MKM Partners analyst Michael Genovese nudged his price target on Adtran lower to $20 from $21 after the company's Q1 earnings miss and soft Q2 guidance. The analyst keeps his Buy rating however, stating that the fundamentals for Adtran may have bottomed as he remains positive on the customer capital spending environment as well as the potential of the 5G network build cycle over the next 3-4 years. Genovese also cites Adtran's attractive valuation of 0.9-times enterprise value to expected FY19 sales which is its "historic bottom".
News For ADTN From the Last 2 Days
