Ratios

		vs industry	vs history
P/E(ttm)	33.90	ADTN's P/E(ttm) is ranked higher than 69% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 17.90 vs. ADTN: 33.90 )	ADTN' s 10-Year P/E(ttm) Range Min: 6.23   Max: 77.21 Current: 33.9 6.23 77.21
P/B	2.04	ADTN's P/B is ranked lower than 56% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 1.50 vs. ADTN: 2.04 )	ADTN' s 10-Year P/B Range Min: 1.4   Max: 7.51 Current: 2.04 1.4 7.51
P/S	2.29	ADTN's P/S is ranked lower than 75% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 0.90 vs. ADTN: 2.29 )	ADTN' s 10-Year P/S Range Min: 1.53   Max: 8 Current: 2.29 1.53 8
PFCF	18.23	ADTN's PFCF is ranked higher than 61% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 15.70 vs. ADTN: 18.23 )	ADTN' s 10-Year PFCF Range Min: 5.49   Max: 278.44 Current: 18.23 5.49 278.44
EV-to-EBIT	24.48	ADTN's EV-to-EBIT is ranked higher than 81% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 16.46 vs. ADTN: 24.48 )	ADTN' s 10-Year EV-to-EBIT Range Min: 6.3   Max: 56.9 Current: 24.48 6.3 56.9
PEG	1.3	ADTN's PEG is ranked higher than 97% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 2.00 vs. ADTN: 1.3 )	ADTN' s 10-Year PEG Range Min: 0.38   Max: 101.65 Current: 1.3 0.38 101.65
Shiller P/E	15.98	ADTN's Shiller P/E is ranked higher than 88% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 15.70 vs. ADTN: 15.98 )	ADTN' s 10-Year Shiller P/E Range Min: 10.65   Max: 59.02 Current: 15.98 10.65 59.02

Dividend & Buy Back

		vs industry	vs history
Dividend Yield	1.58	ADTN's Dividend Yield is ranked higher than 79% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 2.05 vs. ADTN: 1.58 )	ADTN' s 10-Year Dividend Yield Range Min: 0.41   Max: 2.75 Current: 1.58 0.41 2.75
Dividend Payout	0.6	ADTN's Dividend Payout is ranked higher than 91% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 0.88 vs. ADTN: 0.6 )	ADTN' s 10-Year Dividend Payout Range Min: 0.17   Max: 0.49 Current: 0.6 0.17 0.49
Yield on cost (5-Year)	1.60	ADTN's Yield on cost (5-Year) is ranked higher than 79% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 2.09 vs. ADTN: 1.60 )	ADTN' s 10-Year Yield on cost (5-Year) Range Min: 0.41   Max: 2.75 Current: 1.6 0.41 2.75
Share Buyback Rate	-0.2	ADTN's Share Buyback Rate is ranked higher than 85% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: -0.85 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	40.3	ADTN's Price/Net Cash is ranked higher than 98% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 7.70 vs. ADTN: 40.3 )	ADTN' s 10-Year Price/Net Cash Range Min: 14.8   Max: 57.6 Current: 40.3 14.8 57.6
Price/Net Current Asset Value	11.4	ADTN's Price/Net Current Asset Value is ranked higher than 86% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 5.55 vs. ADTN: 11.4 )	ADTN' s 10-Year Price/Net Current Asset Value Range Min: 6.4   Max: 34.2 Current: 11.4 6.4 34.2
Price/Tangible Book	2	ADTN's Price/Tangible Book is ranked higher than 70% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 1.70 vs. ADTN: 2 )	ADTN' s 10-Year Price/Tangible Book Range Min: 1.8   Max: 5.1 Current: 2 1.8 5.1
Price/DCF (Projected)	0.9	ADTN's Price/DCF (Projected) is ranked higher than 81% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 1.10 vs. ADTN: 0.9 )	ADTN' s 10-Year Price/DCF (Projected) Range Min: 0.6   Max: 3.2 Current: 0.9 0.6 3.2
Price/Median PS Value	0.7	ADTN's Price/Median PS Value is ranked higher than 69% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 0.70 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	1.7	ADTN's Price/Graham Number is ranked higher than 84% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 1.30 vs. ADTN: 1.7 )	ADTN' s 10-Year Price/Graham Number Range Min: 0.8   Max: 3 Current: 1.7 0.8 3
Earnings Yield (Greenblatt)	4.10	ADTN's Earnings Yield (Greenblatt) is ranked higher than 88% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 4.80 vs. ADTN: 4.10 )	ADTN' s 10-Year Earnings Yield (Greenblatt) Range Min: 1.8   Max: 15.9 Current: 4.1 1.8 15.9
Forward Rate of Return (Yacktman)	3.25	ADTN's Forward Rate of Return (Yacktman) is ranked higher than 92% of the 386 Companies in the Global Communication Equipment industry. ( Industry Median: 2.97 vs. ADTN: 3.25 )	ADTN' s 10-Year Forward Rate of Return (Yacktman) Range Min: -9.9   Max: 45.5 Current: 3.25 -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

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