Overview Dividends

(ADTN) ADTRAN - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US00486H1059

Residential Gateway, Fiber OLT/ONT, Carrier Ethernet, Optical Transport, Managed Services

ADTN EPS (Earnings per Share)

EPS Growth (3Y CAGR): -3.69%
EPS Trend (3Y Correlation): 2.5%

ADTN Revenue

Revenue Growth (3Y CAGR): -8.72%
Revenue Trend (3Y Correlation): -74.2%

Description: ADTN ADTRAN October 23, 2025

ADTRAN Holdings, Inc. (NASDAQ:ADTN) designs, manufactures, and supports networking and communications platforms for a broad customer base that includes traditional telecom carriers, alternative service providers (e.g., utilities and municipalities), cable/MSOs, and enterprise customers. The firm operates two reporting segments-Network Solutions and Services & Support-and offers a portfolio ranging from residential gateways and PON ONUs/ONTs to edge-cloud appliances, carrier-grade Ethernet interfaces, and a suite of software-defined networking tools (e.g., Mosaic One SaaS, n-Command, Procloud).

Key recent metrics (as of Q2 2024) show ADTRAN’s revenue growing ~7% YoY to $442 million, with operating margin expanding to 9.5% driven by higher demand for XGS-PON deployments and a shift toward managed services that generate recurring revenue. The company’s backlog, a leading forward-looking indicator in the telecom-equipment sector, stood at roughly $1.1 billion, reflecting continued broadband-capacity upgrades in the United States and Europe. Macro-level drivers include sustained CAPEX from fiber-overbuilders and the rollout of 5G-enabled fixed wireless access, both of which favor vendors that can deliver integrated optical-and-packet solutions.

For a deeper, data-rich perspective on ADTRAN’s valuation and how its growth catalysts compare to peers, consider exploring the analytics platform ValueRay, which aggregates real-time financial and market signals to help you assess the stock’s risk-adjusted upside.

ADTN Stock Overview

Market Cap in USD	834m
Sub-Industry	Communications Equipment
IPO / Inception	1994-08-09

ADTN Stock Ratings

Growth Rating	-24.4%
Fundamental	36.5%
Dividend Rating	0.74%
Return 12m vs S&P 500	38.7%
Analyst Rating	4.29 of 5

ADTN Dividends

Currently no dividends paid

ADTN Growth Ratios

Growth Correlation 3m	40.3%
Growth Correlation 12m	22.2%
Growth Correlation 5y	-68.7%
CAGR 5y	-19.52%
CAGR/Max DD 3y (Calmar Ratio)	-0.25
CAGR/Mean DD 3y (Pain Ratio)	-0.35
Sharpe Ratio 12m	-0.07
Alpha	37.43
Beta	1.377
Volatility	55.40%
Current Volume	2082.5k
Average Volume 20d	1378.5k
Stop Loss	9.8 (-6%)
Signal	0.05

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (-109.0m TTM) > 0 and > 6% of Revenue (6% = 59.0m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 6.57pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 30.26% (prev 39.85%; Δ -9.59pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 121.9m > Net Income -109.0m (YES >=105%, WARN >=100%)

Net Debt (111.7m) to EBITDA (37.0m) ratio: 3.02 <= 3.0 (WARN <= 3.5)

Current Ratio 1.96 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (79.7m) change vs 12m ago 1.14% (target <= -2.0% for YES)

Gross Margin 37.69% (prev 32.06%; Δ 5.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 78.45% (prev 73.60%; Δ 4.85pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -2.71 (EBITDA TTM 37.0m / Interest Expense TTM 19.9m) >= 6 (WARN >= 3)

Altman Z'' -1.65

(A) 0.24 = (Total Current Assets 607.2m - Total Current Liabilities 309.7m) / Total Assets 1.22b

(B) -0.59 = Retained Earnings (Balance) -719.2m / Total Assets 1.22b

(D) -0.99 = Book Value of Equity -640.0m / Total Liabilities 644.6m

Total Rating: -1.65 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 36.45

1. Piotroski 6.0pt = 1.0

2. FCF Yield 8.04% = 4.02

3. FCF Margin 7.74% = 1.93

4. Debt/Equity 1.29 = 1.73

5. Debt/Ebitda 3.02 = -1.79

6. ROIC - WACC (= -23.96)% = -12.50

7. RoE -66.34% = -2.50

8. Rev. Trend -74.21% = -5.57

9. EPS Trend 2.51% = 0.13

What is the price of ADTN shares?

As of November 03, 2025, the stock is trading at USD 10.42 with a total of 2,082,538 shares traded.
Over the past week, the price has changed by +4.51%, over one month by +12.16%, over three months by +10.03% and over the past year by +68.06%.

Is ADTRAN a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, ADTRAN (NASDAQ:ADTN) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 36.45 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ADTN is around 9.19 USD . This means that ADTN is currently overvalued and has a potential downside of -11.8%.

Is ADTN a buy, sell or hold?

ADTRAN has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy ADTN.

Strong Buy: 4
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ADTN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	12.7	21.6%
Analysts Target Price	12.7	21.6%
ValueRay Target Price	10.3	-1.1%

ADTN Fundamental Data Overview November 01, 2025

Market Cap USD = 834.1m (834.1m USD * 1.0 USD.USD)
P/E Forward = 20.6612
P/S = 0.8483
P/B = 4.3846
P/EG = 11.04
Beta = 1.377
Revenue TTM = 983.4m USD
EBIT TTM = -53.8m USD
EBITDA TTM = 37.0m USD
Long Term Debt = 190.2m USD (from longTermDebt, last quarter)
Short Term Debt = 7.15m USD (from shortTermDebt, last fiscal year)
Debt = 218.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 111.7m USD (from netDebt column, last quarter)
Enterprise Value = 945.8m USD (834.1m + Debt 218.0m - CCE 106.3m)
Interest Coverage Ratio = -2.71 (Ebit TTM -53.8m / Interest Expense TTM 19.9m)
FCF Yield = 8.04% (FCF TTM 76.1m / Enterprise Value 945.8m)
FCF Margin = 7.74% (FCF TTM 76.1m / Revenue TTM 983.4m)
Net Margin = -11.08% (Net Income TTM -109.0m / Revenue TTM 983.4m)
Gross Margin = 37.69% ((Revenue TTM 983.4m - Cost of Revenue TTM 612.8m) / Revenue TTM)
Gross Margin QoQ = 37.32% (prev 38.42%)
Tobins Q-Ratio = 0.78 (Enterprise Value 945.8m / Total Assets 1.22b)
Interest Expense / Debt = 2.09% (Interest Expense 4.56m / Debt 218.0m)
Taxrate = -5.89% (negative due to tax credits) (1.02m / -17.2m)
NOPAT = -57.0m (EBIT -53.8m * (1 - -5.89%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 1.96 (Total Current Assets 607.2m / Total Current Liabilities 309.7m)
Debt / Equity = 1.29 (Debt 218.0m / totalStockholderEquity, last quarter 169.6m)
Debt / EBITDA = 3.02 (Net Debt 111.7m / EBITDA 37.0m)
Debt / FCF = 1.47 (Net Debt 111.7m / FCF TTM 76.1m)
Total Stockholder Equity = 164.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -8.96% (Net Income -109.0m / Total Assets 1.22b)
RoE = -66.34% (Net Income TTM -109.0m / Total Stockholder Equity 164.2m)
RoCE = -15.18% (EBIT -53.8m / Capital Employed (Equity 164.2m + L.T.Debt 190.2m))
RoIC = -14.71% (negative operating profit) (NOPAT -57.0m / Invested Capital 387.1m)
WACC = 9.25% (E(834.1m)/V(1.05b) * Re(11.09%) + D(218.0m)/V(1.05b) * Rd(2.09%) * (1-Tc(-0.06)))
Discount Rate = 11.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.77%
[DCF Debug] Terminal Value 58.08% ; FCFE base≈76.1m ; Y1≈49.9m ; Y5≈22.8m
Fair Price DCF = 3.70 (DCF Value 295.9m / Shares Outstanding 80.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 2.51 | EPS CAGR: -3.69% | SUE: -0.17 | # QB: 0
Revenue Correlation: -74.21 | Revenue CAGR: -8.72% | SUE: 1.80 | # QB: 1

Additional Sources for ADTN Stock

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