ADTRAN, Inc. (NASDAQ:ADTN) manufacturer of network communication equipments, is expected to report third quarter earnings results, after market close, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.07 per share.
Looking ahead, the full year income are expected at $ 0.10 per share on the revenues of $ 502.68 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 127.00 million ~ $ 137.00 million
Click Here For More Historical Outlooks Of ADTRAN, Inc.
Previous Quarter Performance
ADTRAN, Inc. revealed income for the second quarter of $ 0.04 per share, from the revenue of $ 128.72 million. Wall street analysts are predicting, ADTN to report 2Q20 income of $ 0.01 per share from revenue of $ 127.92 million. The bottom line results beat street analysts by $ 0.03 or 300.00 percent, at the same time, top line results outshined analysts by $ 0.80 million or 0.63 percent.
Stock Performance
On Friday, shares of ADTRAN, Inc. has traded high as $ 11.09 and has cracked $ 10.67 on the downward trend, reaching $ 10.69 with volume of 430.20 thousand shares.
According to the previous trading day, closing price of $ 10.69, representing a 128.75 % increase from the 52 week low of $ 4.80 and a 16.82 % decrease over the 52 week high of $ 13.20.
The company has a market capital of $ 512.67 million and is part of the Technology sector and Communication Equipment industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.09 per share to holders of record as of the close of business on August 20, 2020, with payment date of September 3, 2020 and ex-dividend date on August 19, 2020.
ADTRAN, Inc. provides networking and communications equipment for service providers, cable/multiple system operators, and distributed enterprises in the United States and internationally. The company operates through Network Solutions, and Services & Support segments.
