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ADTN

Adtran

$17.57

-0.03 (-0.17%)

08:04
10/02/18
10/02
08:04
10/02/18
08:04

HolstonConnect, FiberRise partner with Adtran for fiber build

ADTRAN announced it is partnering with Holston Electric Cooperative and solutions provider FiberRise to create a utility-grade Gigabit broadband network across the entire HEC cooperative membership in the Tennessee Valley. Together these companies will establish a broadband infrastructure that will connect the entire community to the world while attracting industry and improving educational opportunities, healthcare and overall quality of life. HEC partnered with FiberRise to build its broadband network. FiberRise provided a comprehensive implementation plan to support the deployment, ensuring reach and advanced service delivery to customers throughout a service area encompassing 25,000 residential and 5,500 commercial and industrial members. Using ADTRAN's Total Access 5000 Gigabit services platform with Ethernet Transport Optical Switch and GPON, the HolstonConnect network is establishing a long-term, multi-gigabit fiber access solution built on an open, scalable architecture that provides the reliability and flexibility demanded of a modern telecommunications network.

  • 17

    Oct

ADTN Adtran
$17.57

-0.03 (-0.17%)

04/19/18
04/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Clorox (CLX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Dara Mohsenian saying valuation looks "stretched" on muted earnings growth and lowered his fiscal 2019 earnings estimate by 2% to reflect deterioration in U.S. Household Products sector. 2. Adtran (ADTN) downgraded to Hold from Buy at Argus with analyst Jim Kelleher saying the company has pushed out its expectations for a key client conducting a strategic review of spending, leading to revenue decline for its North America segment to an all-time low. 3. Align Technology (ALGN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Steve Beuchaw saying his web trends tracking implies growth in the next 1-2 quarters slows to 25% from 35%. 4. ConocoPhillips (COP) downgraded to Hold from Buy at Edward Jones with analyst Jason Gammel citing valuation following the recent rally in the shares. 5. Valvoline (VVV) downgraded to Neutral from Buy at Longbow with analyst Dmitry Silversteyn saying he sees a slower pace of price realization in Quick Lubes combined with a higher cost outlook, limiting earnings upside. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/18
NORL
07/18/18
DOWNGRADE
NORL
Market Perform
Adtran downgraded to Market Perform from Outperform at Northland
07/18/18
07/18/18
DOWNGRADE
Target $17

Market Perform
Adtran downgraded to Market Perform after earnings at Northland
As previously reported, Northland analyst Tim Savageaux downgraded Adtran (ADTN) to Market Perform from Outperform following the company's Q2 report and Q3 revenue guidance that met consensus, stating that he views the shares as fairly valued given that he believes the earnings power needed to support a higher share price is "still a ways off." While Adtran is "slowly but clearly diversifying away" from CenturyLink (CTL), Savageaux has lowered expectations for any snap-back at CenturyLink and sees slower than expected progress at other U.S. Tier 1 telecom companies, he tells investors. The analyst, who reduced his estimates for 2019, cut his price target on Adtran shares to $17 from $20.
09/12/18
MKMP
09/12/18
NO CHANGE
MKMP
Adtran price target raised to $22 from $21 at MKM Partners
MKM Partners analyst Michael Genovese reiterated a Buy rating on Adtran, raised his price target on shares to $22 from $21, and raised his Q3 revenue estimate by $2M to $148M, his Q4 revenue estimate by $6M to $143M, and his FY19 revenue forecast by 3% to $598M. Genovese said he was increasingly bullish on Adtran as MKM's check indicated that Adtran appears to be seeing broad-based demand improvement across its domestic and international markets.

TODAY'S FREE FLY STORIES

SAM

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Carbon Black

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ANIX

Anixa Biosciences

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FOCS

Focus Financial Partners

$30.59

0.27 (0.89%)

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GPI

Group 1 Automotive

$63.62

2.05 (3.33%)

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Group 1 Automotive raises share repurchase authorization to $75M »

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  • 05

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OGE

OGE Energy

$41.94

0.01 (0.02%)

07:13
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  • 21

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AERI

Aerie Pharmaceuticals

$39.56

-1.25 (-3.06%)

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Aerie Pharmaceuticals analyst commentary  »

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  • 25

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OGE

OGE Energy

$41.94

0.01 (0.02%)

07:12
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Earnings
OGE Energy reports Q4 EPS 27c, consensus 23c »

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  • 21

    Feb

BRC

Brady

$47.35

0.59 (1.26%)

07:12
02/21/19
02/21
07:12
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07:12
Earnings
Brady raises FY19 EPS view to $2.25-$2.35 from $2.20-$2.30, consensus $2.28 »

Backs FY19 organic sales…

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  • 21

    Feb

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VRCA

Verrica Pharmaceuticals

$10.99

-0.12 (-1.08%)

07:11
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  • 01

    Mar

ARRS

Arris

$31.65

0.025 (0.08%)

07:11
02/21/19
02/21
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07:11
Earnings
Arris reports preliminary Q4 adjusted EPS 76c, consensus 75c »

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WEN

Wendy's

$17.64

-0.25 (-1.40%)

07:10
02/21/19
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07:10
Hot Stocks
Wendy's approves new $225M share repurchase program »

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  • 21

    Feb

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QEP

QEP Resources

$8.19

-0.08 (-0.97%)

07:10
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  • 21

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BRC

Brady

$47.35

0.59 (1.26%)

07:10
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Earnings
Brady reports Q2 EPS 55c, consensus 52c »

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AVB

AvalonBay

$194.14

-2.37 (-1.21%)

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  • 03

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ARD

Ardagh Group

$12.98

0.32 (2.53%)

07:09
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  • 21

    Feb

ARD

Ardagh Group

$12.98

0.32 (2.53%)

07:08
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Earnings
Ardagh Group sees FY19 adjusted EPS $1.60-$1.75, consensus $1.76 »

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  • 21

    Feb

IRT

Independence Realty Trust

$10.71

-0.01 (-0.09%)

07:08
02/21/19
02/21
07:08
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07:08
Earnings
Independence Realty sees FY19 EPS 76c-80c, may not compare to consensus 24c 

Sees FY19 CFFO 74c-78c.

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  • 21

    Feb

WEN

Wendy's

$17.64

-0.25 (-1.40%)

07:08
02/21/19
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07:08
Earnings
Wendy's sees FY20 global systemwide sales of approximately $11.5B »

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  • 21

    Feb

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ALB

Albemarle

$82.82

-0.305 (-0.37%)

07:08
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  • 21

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BDC

Belden

$63.83

7.19 (12.69%)

07:08
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Belden analyst commentary  »

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  • 13

    May

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MCRN

Milacron

$14.78

0.13 (0.89%)

07:08
02/21/19
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Earnings
Milacron sees FY19 pro forma sales growth 0%-1%, consensus $1.28B »

In line with current…

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  • 21

    Feb

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