ADTN · ADTRAN Holdings, Inc.
AI read · Bad for ADTN
The AI's read
The profit per share was 9 cents, above analysts' 4-cent estimate. ADTRAN also reported growth in optical networking and sales to large cloud customers. Those gains show some parts of the business are growing. But analysts cut their price targets, and one changed its rating from Buy to Neutral. Along with the weaker sales outlook, this points to lower expectations for the wider business.