Needham & Company LLC Cuts ADTRAN (NASDAQ:ADTN) Price Target to $14.00

Posted by Geri Gentry on Jul 26th, 2026

ADTRAN (NASDAQ:ADTN – Free Report) had its target price lowered by Needham & Company LLC from $18.00 to $14.00 in a research note issued to investors on Thursday morning, Marketbeat reports. The firm currently has a buy rating on the communications equipment provider’s stock.

Several other research firms have also weighed in on ADTN. Wall Street Zen raised ADTRAN from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 20th. B. Riley Financial reissued a “buy” rating on shares of ADTRAN in a report on Friday, May 1st. Rosenblatt Securities raised their price target on shares of ADTRAN from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Northland Securities set a $18.00 price target on shares of ADTRAN in a report on Wednesday, May 6th. Finally, Evercore assumed coverage on shares of ADTRAN in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.20.

Read Our Latest Research Report on ADTN

ADTRAN Trading Down 3.0%

Shares of NASDAQ:ADTN opened at $9.85 on Thursday. The company has a market capitalization of $802.28 million, a P/E ratio of -25.26 and a beta of 1.44. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.77 and a quick ratio of 1.18. The business’s 50 day simple moving average is $14.30 and its 200 day simple moving average is $12.74. ADTRAN has a 1 year low of $7.11 and a 1 year high of $19.98.

ADTRAN (NASDAQ:ADTN – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The communications equipment provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $286.09 million for the quarter, compared to analysts’ expectations of $285.48 million. ADTRAN had a positive return on equity of 10.94% and a negative net margin of 3.18%.ADTRAN’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. On average, research analysts anticipate that ADTRAN will post 0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On ADTRAN

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in ADTRAN during the 3rd quarter worth $36,000. Kestra Advisory Services LLC bought a new position in ADTRAN during the 4th quarter worth approximately $36,000. ST Germain D J Co. Inc. lifted its position in shares of ADTRAN by 100.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 5,000 shares of the communications equipment provider’s stock worth $43,000 after purchasing an additional 2,500 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of ADTRAN during the fourth quarter worth $47,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of ADTRAN during the fourth quarter worth $87,000. 80.56% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ADTRAN

Here are the key news stories impacting ADTRAN this week:

Positive Sentiment: ADTRAN announced a new senior secured credit facility led by JPMorgan Chase, which should improve liquidity, lower borrowing costs, and give the company more financial flexibility. ADTRAN Strengthens Capital Structure with New Senior Secured Credit Facility
Positive Sentiment: B. Riley and Rosenblatt both reiterated buy ratings on ADTRAN, signaling that some analysts still see substantial upside from current levels, even though B. Riley trimmed its price target.
Neutral Sentiment: Needham lowered its price target on ADTRAN but kept a buy rating, which suggests valuation expectations have become more cautious while the longer-term outlook remains constructive.
Negative Sentiment: A PR Newswire notice says Levi & Korsinsky is investigating whether ADTRAN adequately disclosed risks tied to customer project timing and the impact on revenue and operating results, adding a legal overhang. ADTRAN Holdings Investigation Notice
Negative Sentiment: Investor concern may also be amplified by reports that the company’s latest preliminary results missed guidance, reinforcing worries about near-term execution and demand visibility.

ADTRAN Company Profile

(Get Free Report)

ADTRAN, Inc is a global provider of networking and communications equipment, specializing in broadband access solutions for service providers, enterprises and government organizations. Founded in 1985 and headquartered in Huntsville, Alabama, the company develops and delivers hardware and software platforms that enable high-speed Internet access over fiber, copper and wireless networks. Its core offerings include fiber access and aggregation equipment, Ethernet switches, customer premises equipment (CPE) and network management systems designed to support both legacy and next-generation broadband deployments.

The company’s product portfolio encompasses a broad range of optical line terminals (OLTs), optical network terminals (ONTs), multiservice access gateways and virtualized access solutions.