(ADTN) ADTRAN - Overview

Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 1.043m USD | Total Return: 48.6% in 12m

Stock Network Hardware, Software, Services, Access Devices
Total Rating 50
Risk 29
Buy Signal 0.29
Communication Equipment -9.9
Communications Equipment -7.1
Market Cap: 1,043m
Avg Trading Vol: 17.8M USD
ATR: 4.90%
Peers RS (IBD): 65.0
Risk 5d forecast
Volatility58.5%
Rel. Tail Risk-13.6%
Reward TTM
Sharpe Ratio0.86
Alpha5.01
Character TTM
Beta2.270
Beta Downside3.536
Drawdowns 3y
Max DD70.75%
CAGR/Max DD-0.08
EPS (Earnings per Share) EPS (Earnings per Share) of ADTN over the last years for every Quarter: "2021-03": 0.13, "2021-06": 0.16, "2021-09": -0.02, "2021-12": 0.1, "2022-03": 0.2, "2022-06": 0.19, "2022-09": 0.11, "2022-12": 0.12, "2023-03": -0.06, "2023-06": -0.4254, "2023-09": -0.14, "2023-12": -1.09, "2024-03": -0.02, "2024-06": -0.24, "2024-09": -0.05, "2024-12": -0.5805, "2025-03": 0.03, "2025-06": -0.24, "2025-09": 0.05, "2025-12": 0.16,
EPS CAGR: -5.78%
EPS Trend: -18.2%
Last SUE: 0.21
Qual. Beats: 0
Revenue Revenue of ADTN over the last years for every Quarter: 2021-03: 127.533, 2021-06: 143.232, 2021-09: 138.081, 2021-12: 154.158, 2022-03: 154.518, 2022-06: 172.038, 2022-09: 340.709, 2022-12: 358.271, 2023-03: 323.912, 2023-06: 327.378, 2023-09: 272.331, 2023-12: 225.479, 2024-03: 226.173, 2024-06: 225.991, 2024-09: 227.704, 2024-12: 242.852, 2025-03: 247.744, 2025-06: 265.068, 2025-09: 279.435, 2025-12: 291.56,
Rev. CAGR: 18.45%
Rev. Trend: 18.1%
Last SUE: 2.88
Qual. Beats: 3
Risks
Technicals: volatile
Description: ADTN ADTRAN

ADTRAN Holdings, Inc. (ADTN) supplies networking and communications equipment and software. The company operates globally, with significant presence in the US, Germany, and the UK.

ADTN’s business model includes two segments: Network Solutions and Services & Support. The Network Solutions segment provides hardware like optical network terminals, routers, and switches. The Services & Support segment offers professional, managed, and software services, a common offering in the communications equipment sector to support complex deployments.

ADTN serves a diverse customer base, including large and small service providers, utilities, and enterprises. The companys product portfolio includes specialized software platforms such as Mosaic One SaaS and n-Command, which are critical for managing modern network infrastructure.

To deepen your understanding of ADTNs market position, consider exploring its competitive landscape on ValueRay.

Headlines to Watch Out For
  • Global fiber optic network buildouts drive equipment demand
  • Service provider capital expenditure directly impacts sales
  • Supply chain disruptions increase manufacturing costs
  • Competition from larger telecom equipment vendors pressures pricing
  • Regulatory changes in telecommunications impact market access
Piotroski VR‑10 (Strict) 6.5
Net Income: -45.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.97 > 1.0
NWC/Revenue: 25.22% < 20% (prev 33.13%; Δ -7.90% < -1%)
CFO/TA 0.11 > 3% & CFO 129.8m > Net Income -45.7m
Net Debt (149.3m) to EBITDA (66.7m): 2.24 < 3
Current Ratio: 1.76 > 1.5 & < 3
Outstanding Shares: last quarter (79.9m) vs 12m ago 0.99% < -2%
Gross Margin: 38.29% > 18% (prev 0.36%; Δ 3.79k% > 0.5%)
Asset Turnover: 91.23% > 50% (prev 78.77%; Δ 12.46% > 0%)
Interest Coverage Ratio: -1.26 > 6 (EBITDA TTM 66.7m / Interest Expense TTM 29.6m)
Altman Z'' -1.69
A: 0.23 (Total Current Assets 635.2m - Total Current Liabilities 361.9m) / Total Assets 1.20b
B: -0.61 (Retained Earnings -730.0m / Total Assets 1.20b)
C: -0.03 (EBIT TTM -37.4m / Avg Total Assets 1.19b)
D: -0.95 (Book Value of Equity -650.3m / Total Liabilities 685.3m)
Altman-Z'' Score: -1.69 = D
Beneish M -3.22
DSRI: 0.93 (Receivables 210.7m/193.3m, Revenue 1.08b/922.7m)
GMI: 0.93 (GM 38.29% / 35.59%)
AQI: 0.93 (AQ_t 0.37 / AQ_t-1 0.40)
SGI: 1.17 (Revenue 1.08b / 922.7m)
TATA: -0.15 (NI -45.7m - CFO 129.8m) / TA 1.20b)
Beneish M-Score: -3.22 (Cap -4..+1) = AA
What is the price of ADTN shares? As of April 03, 2026, the stock is trading at USD 12.58 with a total of 2,432,478 shares traded.
Over the past week, the price has changed by -0.69%, over one month by +29.32%, over three months by +48.39% and over the past year by +48.56%.
Is ADTN a buy, sell or hold? ADTRAN has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy ADTN.
  • StrongBuy: 4
  • Buy: 1
  • Hold: 2
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the ADTN price?
Wallstreet Target Price 14 11.3%
Analysts Target Price 14 11.3%
ADTN Fundamental Data Overview as of 30 March 2026
P/E Forward = 28.0112
P/S = 0.9623
P/B = 6.3441
P/EG = 1.8607
Revenue TTM = 1.08b USD
EBIT TTM = -37.4m USD
EBITDA TTM = 66.7m USD
Long Term Debt = 218.0m USD (from longTermDebt, last quarter)
 Short Term Debt = unknown (none)
 Debt = 245.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 149.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (1.04b + Debt 245.0m - CCE 130.9m)
Interest Coverage Ratio = -1.26 (Ebit TTM -37.4m / Interest Expense TTM 29.6m)
EV/FCF = 13.02x (Enterprise Value 1.16b / FCF TTM 88.9m)
FCF Yield = 7.68% (FCF TTM 88.9m / Enterprise Value 1.16b)
FCF Margin = 8.20% (FCF TTM 88.9m / Revenue TTM 1.08b)
Net Margin = -4.21% (Net Income TTM -45.7m / Revenue TTM 1.08b)
Gross Margin = 38.29% ((Revenue TTM 1.08b - Cost of Revenue TTM 668.9m) / Revenue TTM)
Gross Margin QoQ = 39.01% (prev 38.34%)
Tobins Q-Ratio = 0.96 (Enterprise Value 1.16b / Total Assets 1.20b)
Interest Expense / Debt = 6.05% (Interest Expense 14.8m / Debt 245.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -29.5m (EBIT -37.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.76 (Total Current Assets 635.2m / Total Current Liabilities 361.9m)
Debt / Equity = 1.68 (Debt 245.0m / totalStockholderEquity, last quarter 145.8m)
Debt / EBITDA = 2.24 (Net Debt 149.3m / EBITDA 66.7m)
Debt / FCF = 1.68 (Net Debt 149.3m / FCF TTM 88.9m)
Total Stockholder Equity = 149.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.84% (Net Income -45.7m / Total Assets 1.20b)
RoE = -30.65% (Net Income TTM -45.7m / Total Stockholder Equity 149.0m)
RoCE = -10.19% (EBIT -37.4m / Capital Employed (Equity 149.0m + L.T.Debt 218.0m))
 RoIC = -7.65% (negative operating profit) (NOPAT -29.5m / Invested Capital 386.0m)
 WACC = 12.22% (E(1.04b)/V(1.29b) * Re(13.97%) + D(245.0m)/V(1.29b) * Rd(6.05%) * (1-Tc(0.21)))
Discount Rate = 13.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.85%
[DCF] Terminal Value 55.85% ; FCFF base≈69.3m ; Y1≈48.3m ; Y5≈24.8m
[DCF] Fair Price = 1.61 (EV 279.1m - Net Debt 149.3m = Equity 129.7m / Shares 80.7m; r=12.22% [WACC]; 5y FCF grow -35.60% → 3.0% )
EPS Correlation: -18.17 | EPS CAGR: -5.78% | SUE: 0.21 | # QB: 0
Revenue Correlation: 18.07 | Revenue CAGR: 18.45% | SUE: 2.88 | # QB: 3
EPS next Quarter (2026-06-30): EPS=0.11 | Chg7d=-0.003 | Chg30d=-0.003 | Revisions Net=+0 | Analysts=5
EPS current Year (2026-12-31): EPS=0.50 | Chg7d=+0.016 | Chg30d=+0.028 | Revisions Net=+0 | Growth EPS=+117.4% | Growth Revenue=+9.0%
EPS next Year (2027-12-31): EPS=0.76 | Chg7d=+0.006 | Chg30d=+0.138 | Revisions Net=+0 | Growth EPS=+51.6% | Growth Revenue=+9.3%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
External Resources
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