ADTRAN Fundamentals

ADTN Stock

USD 8.91 0.10 1.14%

ADTRAN Inc fundamentals help investors to digest information that contributes to ADTRAN's financial success or failures. It also enables traders to predict the movement of ADTRAN Stock. The fundamental analysis module provides a way to measure ADTRAN's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ADTRAN stock.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

ADTRAN Direct Expenses is very stable at the moment as compared to the past year. ADTRAN reported last year Direct Expenses of 698.28 Million. As of 31st of May 2023, Interest Expense is likely to grow to about 3.7 M, while Consolidated Income is likely to drop (9.1 M).

Receivables Inventories

ADTRAN Number of Shares Shorted Analysis

ADTRAN's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

	2020	2021	2022	2023 (projected)
Interest Expense	5 K	34 K	3.44 M	3.71 M
Gross Profit	217.55 M	218.38 M	327.25 M	286.48 M

Interest Expense Gross Profit

Shares Shorted

Shorted by Public

by Institutions

More About Number of Shares Shorted | All Equity Analysis

Current ADTRAN Number of Shares Shorted

1.79 M

Most of ADTRAN's fundamental indicators, such as Number of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ADTRAN Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Competition

Predict ADTRAN

Based on the recorded statements, ADTRAN Inc has 1.79 M of outstending shares currently sold short by investors. This is 55.18% lower than that of the Communications Equipment sector and 63.17% lower than that of the Information Technology industry. The number of shares shorted for all United States stocks is 61.89% higher than that of the company.

ADTRAN Inc Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining ADTRAN's current stock value. Our valuation model uses many indicators to compare ADTRAN value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ADTRAN competition to find correlations between indicators driving ADTRAN's intrinsic value. More Info.

ADTRAN Inc is rated below average in debt to equity category among related companies. It is rated third in z score category among related companies totaling about 211.40 of Z Score per Debt to Equity. . Comparative valuation analysis is a catch-all model that can be used if you cannot value ADTRAN by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ADTRAN's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ADTRAN's earnings, one of the primary drivers of an investment's value.

ADTRAN Current Liabilities Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ADTRAN's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ADTRAN could also be used in its relative valuation, which is a method of valuing ADTRAN by comparing valuation metrics of similar companies.

ADTRAN is currently under evaluation in current liabilities category among related companies.

ADTRAN Current Valuation Drivers

We derive many important indicators used in calculating different scores of ADTRAN from analyzing ADTRAN's financial statements. These drivers represent accounts that assess ADTRAN's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ADTRAN's important valuation drivers and their relationship over time.

	2018	2019	2020	2021	2022	2023 (projected)
Net Income Per Employee	(10.18 K)	(29.6 K)	1.69 K	(6.47 K)	(616)	(632.21)
Revenue Per Employee	278.57 K	296.12 K	359.52 K	421.73 K	310.11 K	354.96 K
Average Assets	639.77 M	599.35 M	519.51 M	552.28 M	1.24 B	1.34 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	(16.95 M)	(6.5 M)	10.39 M	9.81 M	6.88 M	7.06 M
Earnings Before Interest Taxes and Depreciation Amortization USD	(16.95 M)	(6.5 M)	10.39 M	9.81 M	6.88 M	7.06 M
Earnings before Tax	(33.37 M)	(24.78 M)	(6.25 M)	(6.3 M)	(64.11 M)	(65.8 M)
Average Equity	461.31 M	416.23 M	367.61 M	366.69 M	641.64 M	552.98 M
Enterprise Value	443.19 M	402.2 M	636.91 M	1.04 B	1.48 B	1.19 B
Free Cash Flow	47.34 M	(11.97 M)	(22.93 M)	(2.66 M)	(61.29 M)	(62.9 M)
Invested Capital	389.82 M	348.44 M	340.87 M	333.85 M	706.68 M	585.26 M
Invested Capital Average	441.97 M	359.36 M	319.85 M	331.82 M	487.56 M	467.44 M
Market Capitalization	511.76 M	473 M	708.31 M	1.11 B	1.46 B	1.19 B
Tangible Asset Value	587.74 M	510.33 M	495.24 M	542.76 M	1.16 B	1.25 B
Working Capital	237.42 M	207.6 M	223.22 M	220.97 M	393.78 M	358.95 M

ADTRAN Fundamentals

	Return On Equity	(0.06) %
	Return On Asset	(0.05) %
	Profit Margin	(0.0296) %
	Operating Margin	(0.09) %
	Current Valuation	1.57 B
	Shares Outstanding	78.66 M
	Shares Owned by Insiders	1.62 %
	Shares Owned by Institutions	91.38 %
	Number of Shares Shorted	1.79 M
	Price to Earning	405.00 X
	Price to Book	1.78 X
	Price to Sales	1.83 X
	Revenue	1.03 B
	Gross Profit	327.26 M
	EBITDA	28.8 M
	Net Income	(8.89 M)
	Cash and Equivalents	111.9 M
	Cash per Share	1.53 X
	Total Debt	51.27 M
	Debt to Equity	0.043 %
	Current Ratio	1.67 X
	Book Value Per Share	10.47 X
	Cash Flow from Operations	(43.55 M)
	Short Ratio	1.78 X
	Earnings Per Share	(0.45) X
	Price to Earnings To Growth	11.04 X
	Target Price	13.75
	Number of Employees	3.31 K
	Beta	1.37
	Market Capitalization	700.82 M
	Total Asset	1.88 B
	Retained Earnings	55.34 M
	Working Capital	393.78 M
	Current Asset	235.56 M
	Current Liabilities	32.05 M
	Z Score	9.09
	Annual Yield	0.0398 %
	Five Year Return	2.52 %
	Net Asset	1.88 B
	Last Dividend Paid	0.36

About ADTRAN Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ADTRAN Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ADTRAN using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ADTRAN Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

	Last Reported	Projected for 2023
Deferred Revenue	60.4 M	65.2 M
Cost of Revenue	698.3 M	576.2 M
Revenues	1 B	905.6 M
Revenue to Assets	0.54	0.66
Revenue Per Employee	310.1 K	355 K

ADTRAN Investors Sentiment

The influence of ADTRAN's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ADTRAN. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to ADTRAN's public news can be used to forecast risks associated with an investment in ADTRAN. The trend in average sentiment can be used to explain how an investor holding ADTRAN can time the market purely based on public headlines and social activities around ADTRAN Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

ADTRAN's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ADTRAN's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ADTRAN's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ADTRAN.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ADTRAN in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ADTRAN's short interest history, or implied volatility extrapolated from ADTRAN options trading.

Pair Trading with ADTRAN

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ADTRAN position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ADTRAN will appreciate offsetting losses from the drop in the long position's value.

Moving together with ADTRAN Stock

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+	0.9	CDW	CDW Corp	Fiscal Quarter End 30th of June 2023	Pair Corr

Moving against ADTRAN Stock

-	0.97	NATI	National Instruments	Fiscal Quarter End 30th of June 2023	Pair Corr
-	0.86	AAPL	Apple Inc	Sell-off Trend	Pair Corr
-	0.74	HPQ	HP Inc	Fiscal Quarter End 31st of July 2023	Pair Corr
-	0.72	S	SentinelOne	Earnings Call Tomorrow	Pair Corr
-	0.69	BB	BlackBerry	Report 22nd of June 2023	Pair Corr

The ability to find closely correlated positions to ADTRAN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADTRAN when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ADTRAN - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ADTRAN Inc to buy it.

The correlation of ADTRAN is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ADTRAN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADTRAN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ADTRAN can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out ADTRAN Piotroski F Score and ADTRAN Altman Z Score analysis. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for ADTRAN Stock analysis

When running ADTRAN's price analysis, check to measure ADTRAN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ADTRAN is operating at the current time. Most of ADTRAN's value examination focuses on studying past and present price action to predict the probability of ADTRAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADTRAN's price. Additionally, you may evaluate how the addition of ADTRAN to your portfolios can decrease your overall portfolio volatility.

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	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
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	Fundamental Analysis View fundamental data based on most recent published financial statements

Is ADTRAN's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ADTRAN. If investors know ADTRAN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ADTRAN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.60)

Dividend Share

0.36

Earnings Share

(0.45)

Revenue Per Share

17.154

Quarterly Revenue Growth

1.096

The market value of ADTRAN Inc is measured differently than its book value, which is the value of ADTRAN that is recorded on the company's balance sheet. Investors also form their own opinion of ADTRAN's value that differs from its market value or its book value, called intrinsic value, which is ADTRAN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ADTRAN's market value can be influenced by many factors that don't directly affect ADTRAN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ADTRAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ADTRAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ADTRAN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party. Check out ADTRAN Piotroski F Score and ADTRAN Altman Z Score analysis.

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ADTRAN Fundamentals

ADTRAN Number of Shares Shorted Analysis

Current ADTRAN Number of Shares Shorted

ADTRAN Inc Fundamental Drivers Relationships

ADTRAN Current Liabilities Peer Comparison

ADTRAN Current Valuation Drivers

ADTRAN Fundamentals

About ADTRAN Fundamental Analysis

ADTRAN Investors Sentiment

Pair Trading with ADTRAN

Moving together with ADTRAN Stock

Moving against ADTRAN Stock

Complementary Tools for ADTRAN Stock analysis

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