ADTRAN Holdings, Inc.
No SEC Form 4 filings for $ADTN in the last 30 days.
Adtran Holdings shares rose sharply in late May trading, up about 17.2% at 3:29 p.m. ET, after gaining more than 5% the prior session. The company said it is partnering with euNetworks to launch “Quantum Shield,” a quantum-safe private connectivity service combining quantum-resilient encryption with real-time fiber monitoring. The stock was $19.40, with a $1.3B market cap.
Royce & Associates LP increased its ADTRAN Holdings (NASDAQ:ADTN) stake by 7.7% in Q4, buying 186,238 shares to total 2,597,013 shares, or about 3.24% of the company, worth $22.57M, per its SEC filing. Other institutions also adjusted holdings. ADTRAN reported Q earnings of $0.14 EPS and $286.09M revenue.
This article highlights bullish sentiments from analysts on three technology companies: Cloudflare (NET), Sequans Communications S A (SQNS), and Adtran (ADTN). William Power of Robert W. Baird maintained a Buy rating on Cloudflare with a $260.00 price target. Scott Searle of Roth MKM reiterated a Buy rating on Sequans Communications S A with a $20.00 price target, and Michael Genovese of Rosenblatt Securities maintained a Buy rating on Adtran with a $20.00 price target.
