ADTRAN, Inc. (NASDAQ:ADTN) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $19.65 –$20.80 in the past one-month time frame, witnessed a sharp increase yesterday.:
The move came after the company reported better-than-expected second-quarter 2017 results.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ADTRAN, Inc. Price and Consensus
ADTRAN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Communication - Infrastructureindustry may consider a better-ranked stock like SBA Communications Corporation (NASDAQ:SBAC) , which carries a Zacks Rank #1 (Strong Buy).
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ADTRAN, Inc. (ADTN): Free Stock Analysis Report
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