ADTRAN HOLDINGS INC (ADTN)
Information Technology · Communications Equipment · NASDAQ
ADTRAN provides end-to-end fiber-based networking and AI-driven cloud software for service providers and enterprises, connecting the network core to the subscriber edge.
What ADTRAN HOLDINGS INC does
ADTRAN Holdings provides networking and communications platforms, software, and services for service providers, hyperscalers, and enterprises. Its portfolio spans metro optical transport, data center interconnect, and broadband access, with offerings ranging from hardware-based network infrastructure to cloud-hosted SaaS applications for AI-driven network management. The company operates through its subsidiaries ADTRAN, Inc. and Adtran Networks (formerly ADVA Optical Networking).
Recent developments
In Q2 2026, the company reported 6.1% year-over-year revenue growth, driven by strong demand in its Optical Networking Solutions segment. Management noted 47% year-over-year revenue growth from cloud providers, hyperscalers, enterprise, and government customers, and provided Q3 2026 revenue guidance of $275.0 million to $295.0 million.
From ADTRAN HOLDINGS INC's filing of 2026-08-04.
Themes: fiber-based communications infrastructure, optical networking, AI-driven operations / network automation, cloud-managed networking, data center interconnect, broadband access, SaaS applications
Fundamentals
- Price$6.58 as of 2026-10-20 close
- Market cap$536M as of 2026-08-03 (share count; price 2026-10-20)
- 1-year return-28.3% 2025-10-20 close $9.18 → 2026-10-20 close $6.58
- P/En/a negative earnings
- Net margin-4.2% FY2025, SEC XBRL
- Gross margin+38.3% FY2025, SEC XBRL
- ROE-31.3% FY2025, SEC XBRL
- ROICn/a No figure: its pre-tax income was zero or negative, so there is no tax rate to apply.
- Debt / equityn/a No figure: its filing reports debt under a line we do not read, so a total would be understated.
- Revenue growth (YoY)+17.5% FY2025, SEC XBRL
- Revenue CAGR (3y)+1.9% SEC XBRL
- Beta1.69 as of 2026-09-03
- Last reported earnings2026-08-04 SEC EDGAR Form 8-K (Item 2.02)
Dividend: at least 7 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How ADTN compares in its sector
- net profit marginmiddle range 379 covered Information Technology peers, as of 2026-09-03
- operating marginmiddle range 374 covered Information Technology peers, as of 2026-09-03
- gross marginmiddle range 310 covered Information Technology peers, as of 2026-09-03
- return on equitybottom 25% 369 covered Information Technology peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 383 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)middle range 380 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which ADTN reported a dividend payment is FY2023, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2023 ratio would not describe ADTN today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2023) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
Quarterly results
| Quarter | Revenue | Gross profit | Operating income | Net income | Diluted EPS | Operating cash flow | Capex |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 2026-06-30 | $281M | $104M | -$10M | -$11M | -$0.13 | $26M† | $9M† |
| Q1 FY2026 2026-03-31 | $286M | $113M | $6M | -$1M | -$0.01 | $13M | $8M |
| Q4 FY2025 2025-12-31 | $292M† | $114M† | $4M† | -$4M† | -$0.02† | $42M† | $12M† |
| Q3 FY2025 2025-09-30 | $279M | $107M | -$3M | -$10M | -$0.12 | $12M† | $8M† |
| Q2 FY2025 2025-06-30 | $265M | $99M | -$13M | -$21M | -$0.24 | $32M† | $5M† |
| Q1 FY2025 2025-03-31 | $248M | $95M | -$4M | -$11M | -$0.14 | $43M | $7M |
| Q4 FY2024 2024-12-31 | $243M | $90M | -$17M | -$46M | -$0.58 | $2M† | $3M† |
| Q3 FY2024 2024-09-30 | $228M | $83M | -$26M | -$33M | -$0.38 | $43M† | $6M† |
† Not filed as a discrete quarter: derived from the company's own year-to-date figures (for example the fourth quarter as the fiscal year minus the first nine months). A derived per-share figure is approximate, because the share count moves within the year.
Balance sheet at 2026-06-30
- Cash and equivalents$79M
- Total debtnot shown the filing reports its long-term debt in a form we do not read yet
From the company's own SEC 10-Q and 10-K filings (XBRL), re-read every week. Figures in US dollars as filed; informational only — not financial advice.
How ADTRAN HOLDINGS INC looks technically
ADTRAN HOLDINGS INC (ADTN) is trading 41.0% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 43 trading days ago — a "death cross", a bearish long-term signal. A trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 22 (a reading of 25+ marks a strong trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It made a new 20-day low about 3 trading days ago. It is 4.6% above its 52-week low (its lowest price of the past year).
Trend
7
| Distance from the 200-day | it is trading 41.0% below its 200-day average, the long-term trend line — a long-term downtrend | -41.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $7.36 | $7.36 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $11.16 | $11.16 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 13 calendar days ago — the swings before that are what the structure reading is measured on | 13 sessions |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 43 trading days ago — a "death cross", a bearish long-term signal | 43 sessions |
| Trend strength (14-day ADX) | a trend is forming but not yet strong — ADX, a 0–100 trend-strength gauge, is 22 (a reading of 25+ marks a strong trend) | 21.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 39, neither overbought (above 70) nor oversold (below 30) | 39.3 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($6.29 to $7.91) — its "stochastic" reading is 18 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 17.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $19.98 | $19.98 |
|---|---|---|
| From the 52-week high | it is 67.1% below its 52-week high (its highest price of the past year) | -67.1% |
| Above the 52-week low | it is 4.6% above its 52-week low (its lowest price of the past year) | +4.6% |
| Below the 52-week high | it is 67.1% below its highest point of the past year | 67.1% |
| Since a 20-day breakout | it made a new 20-day low about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 3 trading days ago | 3 sessions |
| All-time high | its highest closing price on record is $47.70 (set on 2011-03-07) | $47.70 |
| Given back of the 52-week move | over the past year its closes ranged ($6.31 to $19.40), and it has recovered only a small part of its fall from last year’s high — 2% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $14.40 to $14.82. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 2.1% |
| From the all-time high | it is 86.2% below its all-time high | -86.2% |
| Nearest price level | it is trading 5.5% below a resistance level at $6.95 — a price it turned at twice since 2025-04-07, most recently on 2026-09-16. Since 2024-10-21 it has 0 such levels below the current price and 16 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +5.5% |
| All-time low | its lowest closing price on record is $4.34 (set on 2024-05-01) | $4.34 |
| Above the all-time low | it is 51.6% above its all-time low | +51.6% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 32nd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.329 between its high and its low — about 5.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.329 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $6.23 and $7.75 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $6.23 – $6.99 – $7.75 |
| Typical daily range (% of price) | its price moves about 5.0% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 5.0% |
| Stretch from the 200-day average | it is trading 13.9 daily ranges below its 200-day average price (41.0% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 13.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.17× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
3
| Since a doji | 5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 5 sessions ago |
|---|---|---|
| Since a hammer | 3 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 3 sessions ago |
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
Price gaps
3
| Gap at the open | it opened on 2026-10-20 0.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.5% |
|---|---|---|
| Open gap | it gapped 2.5% above the previous close 1 session ago and has not traded back through the level it left behind at 6.31 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.5% |
| Gap filled | a 2.8% gap up opened on 2026-09-17 has been "filled" 23 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 23 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +4.28% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 9.6 percentage points (the stock lost 8.6% while the market gained 1.0%) | -9.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 46.9 percentage points (the stock lost 43.3% while the market gained 3.6%) | -46.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 71.2 percentage points (the stock lost 62.7% while the market gained 8.5%) | -71.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 42.9 percentage points (the stock lost 28.3% while the market gained 14.6%) | -42.9% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 14% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-14 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 45.3% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -13.6% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 45% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $11.88 — a volume-weighted average of daily closes over 199 sessions, not a true tick-by-tick VWAP. | -44.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is 17% below the average price paid since it last reported on 2026-07-22 (its 8-K), so the typical buyer over that stretch is under water. That average is $7.88 — a volume-weighted average of daily closes over 64 sessions, not a true tick-by-tick VWAP. | -16.5% |
Price levels it has turned at before
ADTN last closed at $6.58 on 2026-10-20. Since 2024-10-21 it has turned at 0 prices below its last close and 16 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $6.95 | Resistance | 5.5% above the last close | turned there twice · 2025-04-07 to 2026-09-16 |
| $7.08 | Resistance | 7.7% above the last close | turned there twice · 2025-04-21 to 2025-11-18 |
| $7.42 | Resistance | 12.8% above the last close | turned there five times · 2025-05-08 to 2026-09-22 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-20.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Trading below the 50-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · MACD just crossed bearish (12/26/9) · lagging the market | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-20. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$14.67 range $11.00 – $21.00; median $14.50
Analyst estimates, as of 2026-10-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for ADTN
- Consensus EPS estimate$0.035 next reporting period, as of 2026-10-19
- Estimate change, 30 days$0.00 from $0.035, on 2026-09-19, 30-day window
- Readings revised upward0% of 11 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant dependence on customer adoption of new product generations to gain market share.","Potential financial obligation to absorb net losses of Adtran Networks under the Domination and Profit and Loss Transfer Agreement (DPLTA).","Risks associated with managing complex international operations and integrated multi-vendor network deployments."]
What changed in the latest 10-Q
AI-assisted comparison of ADTN's 10-Q filed 2026-08-04 against the prior one filed 2026-05-05.
Management's Discussion & Analysis (MD&A)
- Reworded:
- In the Overview section, the newer filing (2026-08-04) states 'connectivity from the network core to the end customer', while the older filing (2026-05-05) states 'connectivity from the network core to the end consumer'.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
1 open-market purchase and 0 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-16. The 5 days since 2026-10-16 have not been checked yet.
- Last 90 days · read to 2026-10-161 buy ($50000) · 0 sells — 1 buying insider
- Last 180 days · read to 2026-10-161 buy ($50000) · 4 sells ($2M) — 1 buying, 2 selling insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-06. Based on Form 4 filings read through 2026-10-16; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about ADTN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding ADTN as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 14,177,363
- Reported value $197,065,341
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about ADTN's institutional holders → See what each manager we track holds →
Short interest (FINRA)
ADTN had 11,862,717 shares of reported short interest as of the 2026-09-30 FINRA settlement date (delayed, bi-monthly; not real-time).
ADTN had 14.6% of its shares outstanding sold short as of the 2026-09-30 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 7.2 days to cover at the same settlement.
- Reported short interest (shares) 11,862,717
- Short interest (% of shares outstanding) 14.6%
- Prior settlement (shares) 12,536,823
- Reported change -5.38%
- Days to cover (reported) 7.2
Reported to FINRA as of the 2026-09-30 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Ciena (CIEN)
- Juniper Networks (JNPR)
- Nokia (NOK)
- Cisco Systems (CSCO)
- Infinera (INFN)
- Calix (CALX)
- DZS (DZSI)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare ADTN vs…
Frequently asked questions
What does ADTRAN HOLDINGS INC (ADTN) do?
ADTRAN Holdings provides networking and communications platforms, software, and services for service providers, hyperscalers, and enterprises. Its portfolio spans metro optical transport, data center interconnect, and broadband access, with offerings ranging from hardware-based network infrastructure to cloud-hosted SaaS applications for AI-driven network management. The company operates through its subsidiaries ADTRAN, Inc. and Adtran Networks (formerly ADVA Optical Networking).
What sector is ADTRAN HOLDINGS INC (ADTN) in?
ADTRAN HOLDINGS INC (ADTN) is classified in the Information Technology sector. Its industry is Communications Equipment. It trades on NASDAQ.
Does ADTN pay a dividend?
Yes — ADTRAN HOLDINGS INC (ADTN) pays a dividend, with at least 7 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are ADTRAN HOLDINGS INC's (ADTN) competitors?
Notable peers of ADTRAN HOLDINGS INC (ADTN) include Ciena, Juniper Networks, Nokia, Cisco Systems and Infinera. This peer set is informational only — not financial advice.
Is ADTRAN HOLDINGS INC (ADTN) overbought or oversold right now?
ADTRAN HOLDINGS INC (ADTN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 39, in the neutral middle (as of 2026-10-20). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on ADTN come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-20.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.