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24.28 (1y: -21%)
Market Cap 1.41 B P/E(ttm) 35.90
Enterprise Value 1.21 B P/B 2.20
ADTN- NAS (USA)
Adtran, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$24.28
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry		 vs
history
Cash to Debt 4.977
ADTN's Cash to Debt is ranked higher than
61% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.43 vs. ADTN: 4.977 )
ADTN' s 10-Year Cash to Debt Range
Min: 1.57   Max: 5.34
Current: 4.98
1.57
5.34
Equity to Asset 0.781
ADTN's Equity to Asset is ranked higher than
85% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. ADTN: 0.781 )
ADTN' s 10-Year Equity to Asset Range
Min: 0.72   Max: 0.85
Current: 0.78
0.72
0.85
Interest Coverage No Debt
ADTN's Interest Coverage is ranked higher than
92% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 15.20 vs. ADTN: No Debt )
ADTN' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 7.13
M-Score: -2.27
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 9.10
ADTN's Operating margin (%) is ranked higher than
83% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.20 vs. ADTN: 9.10 )
ADTN' s 10-Year Operating margin (%) Range
Min: 4.8   Max: 28.1
Current: 9.1
4.8
28.1
Net-margin (%) 7.6
ADTN's Net-margin (%) is ranked higher than
81% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.50 vs. ADTN: 7.6 )
ADTN' s 10-Year Net-margin (%) Range
Min: 4.5   Max: 26.1
Current: 7.6
4.5
26.1
ROE (%) 6.8
ADTN's ROE (%) is ranked higher than
71% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.20 vs. ADTN: 6.8 )
ADTN' s 10-Year ROE (%) Range
Min: 4   Max: 27.8
Current: 6.8
4
27.8
ROA (%) 5.3
ADTN's ROA (%) is ranked higher than
76% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.20 vs. ADTN: 5.3 )
ADTN' s 10-Year ROA (%) Range
Min: 3.3   Max: 22.1
Current: 5.3
3.3
22.1
ROC (Joel Greenblatt) (%) 29.50
ADTN's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.30 vs. ADTN: 29.50 )
ADTN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 8   Max: 93.5
Current: 29.5
8
93.5
Revenue Growth (%) 6.2
ADTN's Revenue Growth (%) is ranked higher than
81% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: 6.2 )
ADTN' s 10-Year Revenue Growth (%) Range
Min: -4.2   Max: 9.8
Current: 6.2
-4.2
9.8
EBITDA Growth (%) -11.6
ADTN's EBITDA Growth (%) is ranked lower than
69% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: -11.6 )
ADTN' s 10-Year EBITDA Growth (%) Range
Min: -11.6   Max: 33.2
Current: -11.6
-11.6
33.2
EPS Growth (%) -10.8
ADTN's EPS Growth (%) is ranked lower than
67% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: -10.8 )
ADTN' s 10-Year EPS Growth (%) Range
Min: -16.1   Max: 42.6
Current: -10.8
-16.1
42.6
ยป ADTN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

ADTN Guru Trades in Q2 2012

John Hussman 140,000 sh (unchged)
John Keeley 18,870 sh (unchged)
Richard Perry Sold Out
Chuck Royce 5,685,049 sh (-1.73%)
Joel Greenblatt 113,981 sh (-2.03%)
Steven Cohen 3,712 sh (-62.81%)
Jim Simons 203,428 sh (-64.96%)
» More
Q3 2012

ADTN Guru Trades in Q3 2012

Paul Tudor Jones 40,700 sh (New)
Steven Cohen 20,000 sh (+438.79%)
Joel Greenblatt 282,832 sh (+148.14%)
John Keeley 35,000 sh (+85.48%)
Chuck Royce 7,586,349 sh (+33.44%)
Jim Simons 269,028 sh (+32.25%)
John Hussman Sold Out
» More
Q4 2012

ADTN Guru Trades in Q4 2012

John Keeley 35,900 sh (+2.57%)
Joel Greenblatt 290,045 sh (+2.55%)
Chuck Royce 7,602,116 sh (+0.21%)
Jeremy Grantham 21,400 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
Steven Cohen Sold Out
» More
Q1 2013

ADTN Guru Trades in Q1 2013

John Keeley 46,400 sh (+29.25%)
Jeremy Grantham Sold Out
Chuck Royce 7,239,362 sh (-4.77%)
Joel Greenblatt 110,788 sh (-61.8%)
» More
» Details

Insider Trades

Latest Guru Trades with ADTN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -61.8%0.2%$19.07 - $23.61 $ 24.2816%110788
John Keeley 2013-03-31 Add 29.25%$19.07 - $23.61 $ 24.2816%46400
Joel Greenblatt 2012-09-30 Add 148.14%0.2%$17.28 - $29.73 $ 24.2811%282832
John Hussman 2012-09-30 Sold Out 0.08%$17.28 - $29.73 $ 24.2811%0
John Keeley 2012-09-30 Add 85.48%0.01%$17.28 - $29.73 $ 24.2811%35000
Richard Perry 2012-06-30 Sold Out 0.01%$28.05 - $30.95 $ 24.28-18%0
John Hussman 2012-03-31 Reduce -86%0.41%$29.01 - $38.42 $ 24.28-22%140000
Joel Greenblatt 2012-03-31 Add 159.04%0.2%$29.01 - $38.42 $ 24.28-22%116344
Richard Perry 2012-03-31 New Buy0.01%$29.01 - $38.42 $ 24.28-22%9600
Joel Greenblatt 2011-12-31 Add 33.3%0.04%$25.99 - $34.3 $ 24.28-22%44914
Ray Dalio 2011-12-31 Sold Out 0.04%$25.99 - $34.3 $ 24.28-22%0
John Keeley 2011-12-31 Add 61.31%$25.99 - $34.3 $ 24.28-22%16470
Joel Greenblatt 2011-09-30 New Buy0.15%$27.1 - $42.55 $ 24.28-24%33694
Ray Dalio 2011-09-30 New Buy0.04%$27.1 - $42.55 $ 24.28-24%103674
John Keeley 2011-09-30 Add 22.86%$27.1 - $42.55 $ 24.28-24%10210
John Hussman 2011-06-30 Add 244.83%0.44%$37.31 - $43.2 $ 24.28-40%1000000
John Hussman 2011-03-31 New Buy0.21%$36.21 - $47.24 $ 24.28-43%290000
John Keeley 2011-03-31 Reduce -31.77%$36.21 - $47.24 $ 24.28-43%8310
George Soros 2011-03-31 Sold Out $36.21 - $47.24 $ 24.28-43%0
George Soros 2010-12-31 New Buy$30.96 - $36.38 $ 24.28-28%6100
John Hussman 2010-09-30 Sold Out 0.19%$27.04 - $34.77 $ 24.28-23%0
John Hussman 2010-06-30 Reduce -77.19%0.15%$25.35 - $29.6 $ 24.28-11%400000
John Hussman 2010-03-31 Reduce -29.84%0.24%$20.96 - $26.95 $ 24.283%1754000
John Keeley 2010-03-31 New Buy$20.96 - $26.95 $ 24.283%8780
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Ratios

vs
industry		 vs
history
P/E(ttm) 35.90
ADTN's P/E(ttm) is ranked lower than
57% of the 405 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.70 vs. ADTN: 35.90 )
ADTN' s 10-Year P/E(ttm) Range
Min: 6.23   Max: 77.21
Current: 35.9
6.23
77.21
P/B 2.20
ADTN's P/B is ranked lower than
52% of the 561 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.46 vs. ADTN: 2.20 )
ADTN' s 10-Year P/B Range
Min: 1.4   Max: 7.51
Current: 2.2
1.4
7.51
P/S 2.40
ADTN's P/S is ranked lower than
57% of the 585 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.06 vs. ADTN: 2.40 )
ADTN' s 10-Year P/S Range
Min: 1.53   Max: 8
Current: 2.4
1.53
8
PFCF 19.50
ADTN's PFCF is ranked higher than
57% of the 382 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.49 vs. ADTN: 19.50 )
ADTN' s 10-Year PFCF Range
Min: 5.49   Max: 278.44
Current: 19.5
5.49
278.44
EV-to-EBIT 27.8
ADTN's EV-to-EBIT is ranked lower than
55% of the 372 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.56 vs. ADTN: 27.8 )
ADTN' s 10-Year EV-to-EBIT Range
Min: 6.3   Max: 56.9
Current: 27.8
6.3
56.9
PEG 1.4
ADTN's PEG is ranked higher than
69% of the 134 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.63 vs. ADTN: 1.4 )
ADTN' s 10-Year PEG Range
Min: 0.38   Max: 101.65
Current: 1.4
0.38
101.65
Shiller P/E 17.3
ADTN's Shiller P/E is ranked lower than
100% of the Companies
in the Global Communication Equipment industry.

( Industry Median: vs. ADTN: 17.3 )
ADTN' s 10-Year Shiller P/E Range
Min: 10.65   Max: 59.02
Current: 17.3
10.65
59.02

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.50
ADTN's Dividend Yield is ranked higher than
71% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: 1.50 )
ADTN' s 10-Year Dividend Yield Range
Min: 0.41   Max: 2.75
Current: 1.5
0.41
2.75
Dividend Payout 0.5381
ADTN's Dividend Payout is ranked lower than
57% of the 201 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.40 vs. ADTN: 0.5381 )
ADTN' s 10-Year Dividend Payout Range
Min: 0.17   Max: 0.49
Current: 0.54
0.17
0.49
Yield on cost (5-Year) 1.50
ADTN's Yield on cost (5-Year) is ranked higher than
71% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: 1.50 )
ADTN' s 10-Year Yield on cost (5-Year) Range
Min: 0.41   Max: 2.75
Current: 1.5
0.41
2.75
Share Buyback Rate -0.2
ADTN's Share Buyback Rate is ranked higher than
54% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: -0.2 )
ADTN' s 10-Year Share Buyback Rate Range
Min: 4.7   Max: -1.2
Current: -0.2

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 42.6
ADTN's Price/Net Cash is ranked lower than
68% of the 163 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.50 vs. ADTN: 42.6 )
ADTN' s 10-Year Price/Net Cash Range
Min: 14.8   Max: 57.6
Current: 42.6
14.8
57.6
Price/Net Current Asset Value 12.1
ADTN's Price/Net Current Asset Value is ranked higher than
52% of the 494 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.60 vs. ADTN: 12.1 )
ADTN' s 10-Year Price/Net Current Asset Value Range
Min: 6.4   Max: 34.2
Current: 12.1
6.4
34.2
Price/Tangible Book 2.2
ADTN's Price/Tangible Book is ranked higher than
54% of the 511 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.90 vs. ADTN: 2.2 )
ADTN' s 10-Year Price/Tangible Book Range
Min: 1.8   Max: 5.1
Current: 2.2
1.8
5.1
Price/DCF (Projected) 1
ADTN's Price/DCF (Projected) is ranked higher than
74% of the 227 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.00 vs. ADTN: 1 )
ADTN' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 3.2
Current: 1
0.6
3.2
Price/Median PS Value 0.7
ADTN's Price/Median PS Value is ranked higher than
82% of the 540 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.00 vs. ADTN: 0.7 )
ADTN' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.9
Current: 0.7
0.5
1.9
Price/Graham Number 1.8
ADTN's Price/Graham Number is ranked lower than
52% of the 348 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.40 vs. ADTN: 1.8 )
ADTN' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 3
Current: 1.8
0.8
3
Earnings Yield (Greenblatt) 3.60
ADTN's Earnings Yield (Greenblatt) is ranked higher than
63% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.20 vs. ADTN: 3.60 )
ADTN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 15.9
Current: 3.6
1.8
15.9
Forward Rate of Return (Yacktman) 3.04
ADTN's Forward Rate of Return (Yacktman) is ranked higher than
85% of the 621 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. ADTN: 3.04 )
ADTN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.9   Max: 45.5
Current: 3.04
-9.9
45.5

Business Description

ADTRAN's was incorporated under the laws of Delaware in November 1985, and commenced operations in January 1986. The Company designs, manufactures and markets solutions and provides services and support for communications networks. The Company's solutions are widely deployed by providers of communications services (serviced by its Carrier Networks Division), and small and mid-sized enterprises (SMEs) (serviced by the Company's Enterprise Networks Division), and enable voice, data, video and Internet communications across wireline and wireless networks. Many of these solutions are currently in use by every major United States and many global service providers, as well as by many public, private and governmental organizations worldwide. The Company maintains two operating divisions based on its product and service offerings: the Carrier Networks Division and the Enterprise Networks Division. These divisions serve two distinct markets and support sales globally, operating as two reportable segments. The Company's Carrier Networks Division provides products and services used by service providers to deliver voice, data and video services to their customers' premises and to mobile network cell sites. These products are located in central exchange offices or remote terminals, serving area interconnect locations and cell site locations for mobile networks. Its Enterprise Networks Division provides products and services used by enterprise customers to construct voice, data and video networks within the customer's site or among distributed sites. The Company's combined product portfolio for both divisions consists of approximately 1,800 high-speed network access and communication devices. Its products typically connect two ends of a circuit and serve to transmit, route, and/or switch the data, voice, and/or video traffic traveling across that circuit. The bandwidth requirements of the circuit, along with the type of technology being used, determine the type of equipment needed. The Company sells its Carrier Networks products in the United States through a combination of a direct sales organization and a distribution network. The Company's direct sales organization supports major accounts and has offices located throughout the United States. Sales to most competitive service providers and independent telephone companies are fulfilled through a combination of direct sales and major technology distribution companies such as KGP Logistics, Inc., Walker and Associates, Inc., and Power & Telephone Supply Company. It competes in markets for networking and communications equipment for service providers and businesses, government agencies, and other organizations worldwide. In the United States, its products must comply with various regulations and standards defined by the Federal Communications Commission and Underwriters Laboratories.
Company Website
SEC Reports
Industry: Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK
Traded in other countries:ATN.Germany
ยป More Articles for ADTN

Headlines

Articles On GuruFocus.com
Weekly Top Insider Buys: AES, ITT, NPBC, ADTN, ABM Jul 23 2012 
ADTRAN Inc: Where are the Numbers? ($ADTN) May 16 2012 
The Best Dividends on April 24, 2012 Apr 23 2012 
Waldo Thinks Ahead Feb 01 2011 
Weekly CEO Sells Highlight: Kimberly Clark, Adtran Inc, Royal Caribbean, and American Express Co. Jan 30 2011 
Weekly CFO Sells Highlight: APJ, ADTN, KMB, URZ, MOS Jan 30 2011 
ADTRAN Inc. (ADTN) CEO Thomas R Stanton sells 210,634 Shares Jan 28 2011 
ADTRAN Inc. (ADTN) Sr Vice President, CFO James E Matthews sells 80,000 Shares Jan 24 2011 
ADTRAN Inc. Reports Operating Results (10-Q) Nov 02 2010 
ADTRAN Inc. Reports Operating Results (10-Q) Jul 29 2010 

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