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GuruFocus Financial Strength Rank measures how strong a company’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 3.55
ADTN's Cash to Debt is ranked higher than
60% of the 636 Companies
in the Global Communication Equipment industry.

( Industry Median: 10.14 vs. ADTN: 3.55 )
ADTN' s 10-Year Cash to Debt Range
Min: 1.02   Max: No Debt
Current: 3.55

Equity to Asset 0.77
ADTN's Equity to Asset is ranked higher than
83% of the 618 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. ADTN: 0.77 )
ADTN' s 10-Year Equity to Asset Range
Min: 0.72   Max: 0.9
Current: 0.77

0.72
0.9
Interest Coverage 20.85
ADTN's Interest Coverage is ranked higher than
52% of the 397 Companies
in the Global Communication Equipment industry.

( Industry Median: 123.29 vs. ADTN: 20.85 )
ADTN' s 10-Year Interest Coverage Range
Min: 8.91   Max: 78.87
Current: 20.85

8.91
78.87
F-Score: 4
Z-Score: 7.33
M-Score: -2.51
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’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.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

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 : 7/10

vs
industry
vs
history
Operating margin (%) 7.55
ADTN's Operating margin (%) is ranked higher than
81% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.31 vs. ADTN: 7.55 )
ADTN' s 10-Year Operating margin (%) Range
Min: 4.76   Max: 28.11
Current: 7.55

4.76
28.11
Net-margin (%) 7.14
ADTN's Net-margin (%) is ranked higher than
80% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.07 vs. ADTN: 7.14 )
ADTN' s 10-Year Net-margin (%) Range
Min: 4.48   Max: 26.09
Current: 7.14

4.48
26.09
ROE (%) 7.57
ADTN's ROE (%) is ranked higher than
76% of the 613 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.69 vs. ADTN: 7.57 )
ADTN' s 10-Year ROE (%) Range
Min: 3.96   Max: 27.81
Current: 7.57

3.96
27.81
ROA (%) 5.80
ADTN's ROA (%) is ranked higher than
82% of the 627 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.19 vs. ADTN: 5.80 )
ADTN' s 10-Year ROA (%) Range
Min: 3.32   Max: 24.19
Current: 5.8

3.32
24.19
ROC (Joel Greenblatt) (%) 25.51
ADTN's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 11.39 vs. ADTN: 25.51 )
ADTN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 8.02   Max: 93.5
Current: 25.51

8.02
93.5
Revenue Growth (%) 4.40
ADTN's Revenue Growth (%) is ranked higher than
70% of the 508 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.10 vs. ADTN: 4.40 )
ADTN' s 10-Year Revenue Growth (%) Range
Min: -5.6   Max: 25.1
Current: 4.4

-5.6
25.1
EBITDA Growth (%) -22.70
ADTN's EBITDA Growth (%) is ranked lower than
52% of the 355 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.60 vs. ADTN: -22.70 )
ADTN' s 10-Year EBITDA Growth (%) Range
Min: -26.8   Max: 48
Current: -22.7

-26.8
48
EPS Growth (%) -24.40
ADTN's EPS Growth (%) is ranked higher than
52% of the 333 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.10 vs. ADTN: -24.40 )
ADTN' s 10-Year EPS Growth (%) Range
Min: -24.4   Max: 61.7
Current: -24.4

-24.4
61.7
» ADTN's 10-Y Financials

Financials


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

» Details

Guru Trades

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
Q2 2013

ADTN Guru Trades in Q2 2013

Steven Cohen 926,500 sh (New)
John Keeley 66,300 sh (+42.89%)
Chuck Royce 6,380,862 sh (-11.86%)
Joel Greenblatt 10,066 sh (-90.91%)
» More
Q3 2013

ADTN Guru Trades in Q3 2013

George Soros 100,000 sh (New)
John Keeley 74,000 sh (+11.61%)
Chuck Royce 5,954,944 sh (-6.67%)
Joel Greenblatt 8,329 sh (-17.26%)
Steven Cohen 23,745 sh (-97.44%)
» More
Q4 2013

ADTN Guru Trades in Q4 2013

John Keeley 78,300 sh (+5.81%)
Joel Greenblatt Sold Out
Steven Cohen Sold Out
George Soros Sold Out
Chuck Royce 5,778,063 sh (-2.97%)
» More
» Details

Insider Trades

Latest Guru Trades with ADTN

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2013-12-31 Sold Out 0.03%$23.27 - $27.1 $ 22.5-10%0
Joel Greenblatt 2013-12-31 Sold Out 0.01%$23.27 - $27.1 $ 22.5-10%0
George Soros 2013-09-30 New Buy0.03%$23.47 - $27.465 $ 22.5-13%100000
Joel Greenblatt 2013-06-30 Reduce -90.91%0.1%$18.55 - $24.62 $ 22.52%10066
John Keeley 2013-06-30 Add 42.89%0.01%$18.55 - $24.62 $ 22.52%66300
Joel Greenblatt 2013-03-31 Reduce -61.8%0.2%$19.07 - $23.61 $ 22.57%110788
John Keeley 2013-03-31 Add 29.25%$19.07 - $23.61 $ 22.57%46400
Joel Greenblatt 2012-09-30 Add 148.14%0.2%$17.28 - $29.73 $ 22.53%282832
John Hussman 2012-09-30 Sold Out 0.08%$17.28 - $29.73 $ 22.53%0
John Keeley 2012-09-30 Add 85.48%0.01%$17.28 - $29.73 $ 22.53%35000
Richard Perry 2012-06-30 Sold Out 0.01%$28.05 - $30.95 $ 22.5-24%0
John Hussman 2012-03-31 Reduce -86%0.41%$29.01 - $38.42 $ 22.5-28%140000
Joel Greenblatt 2012-03-31 Add 159.04%0.2%$29.01 - $38.42 $ 22.5-28%116344
Richard Perry 2012-03-31 New Buy0.01%$29.01 - $38.42 $ 22.5-28%9600
Ray Dalio 2011-12-31 Sold Out 0.04%$25.99 - $34.3 $ 22.5-28%0
Joel Greenblatt 2011-12-31 Add 33.3%0.04%$25.99 - $34.3 $ 22.5-28%44914
John Keeley 2011-12-31 Add 61.31%$25.99 - $34.3 $ 22.5-28%16470
Joel Greenblatt 2011-09-30 New Buy0.15%$27.1 - $42.55 $ 22.5-30%33694
Ray Dalio 2011-09-30 New Buy0.04%$27.1 - $42.55 $ 22.5-29%103674
John Keeley 2011-09-30 Add 22.86%$27.1 - $42.55 $ 22.5-30%10210
John Hussman 2011-06-30 Add 244.83%0.44%$37.31 - $43.2 $ 22.5-44%1000000
John Hussman 2011-03-31 New Buy0.21%$36.21 - $47.24 $ 22.5-47%290000
George Soros 2011-03-31 Sold Out $36.21 - $47.24 $ 22.5-47%0
John Keeley 2011-03-31 Reduce -31.77%$36.21 - $47.24 $ 22.5-47%8310
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 29.00
ADTN's P/E(ttm) is ranked higher than
52% of the 434 Companies
in the Global Communication Equipment industry.

( Industry Median: 22.80 vs. ADTN: 29.00 )
ADTN' s 10-Year P/E(ttm) Range
Min: 10.71   Max: 57.2
Current: 29

10.71
57.2
P/B 2.40
ADTN's P/B is ranked higher than
52% of the 600 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.96 vs. ADTN: 2.40 )
ADTN' s 10-Year P/B Range
Min: 1.39   Max: 6.61
Current: 2.4

1.39
6.61
P/S 2.08
ADTN's P/S is ranked lower than
63% of the 638 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.23 vs. ADTN: 2.08 )
ADTN' s 10-Year P/S Range
Min: 1.53   Max: 7.88
Current: 2.08

1.53
7.88
PFCF 26.30
ADTN's PFCF is ranked higher than
53% of the 332 Companies
in the Global Communication Equipment industry.

( Industry Median: 21.59 vs. ADTN: 26.30 )
ADTN' s 10-Year PFCF Range
Min: 8.2   Max: 46.27
Current: 26.3

8.2
46.27
EV-to-EBIT 27.80
ADTN's EV-to-EBIT is ranked lower than
51% of the 485 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.94 vs. ADTN: 27.80 )
ADTN' s 10-Year EV-to-EBIT Range
Min: 6.3   Max: 45.2
Current: 27.8

6.3
45.2
PEG 1.00
ADTN's PEG is ranked higher than
70% of the 203 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.80 vs. ADTN: 1.00 )
ADTN' s 10-Year PEG Range
Min: 0.39   Max: 57.12
Current: 1

0.39
57.12
Shiller P/E 16.20
ADTN's Shiller P/E is ranked higher than
76% of the 248 Companies
in the Global Communication Equipment industry.

( Industry Median: 24.72 vs. ADTN: 16.20 )
ADTN' s 10-Year Shiller P/E Range
Min: 10.65   Max: 52.88
Current: 16.2

10.65
52.88

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.60
ADTN's Dividend Yield is ranked lower than
52% of the 318 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.69 vs. ADTN: 1.60 )
ADTN' s 10-Year Dividend Yield Range
Min: 0.41   Max: 2.75
Current: 1.6

0.41
2.75
Dividend Payout 0.47
ADTN's Dividend Payout is ranked higher than
50% of the 251 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.37 vs. ADTN: 0.47 )
ADTN' s 10-Year Dividend Payout Range
Min: 0.17   Max: 0.49
Current: 0.47

0.17
0.49
Yield on cost (5-Year) 1.60
ADTN's Yield on cost (5-Year) is ranked lower than
53% of the 326 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.74 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 2.40
ADTN's Share Buyback Rate is ranked higher than
92% of the 423 Companies
in the Global Communication Equipment industry.

( Industry Median: -0.90 vs. ADTN: 2.40 )
ADTN' s 10-Year Share Buyback Rate Range
Min: 6.2   Max: -3.1
Current: 2.4

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 12.70
ADTN's Price/Net Current Asset Value is ranked lower than
69% of the 289 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.70 vs. ADTN: 12.70 )
ADTN' s 10-Year Price/Net Current Asset Value Range
Min: 7.54   Max: 29.2
Current: 12.7

7.54
29.2
Price/Tangible Book 2.20
ADTN's Price/Tangible Book is ranked higher than
54% of the 556 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.40 vs. ADTN: 2.20 )
ADTN' s 10-Year Price/Tangible Book Range
Min: 1.8   Max: 15.52
Current: 2.2

1.8
15.52
Price/DCF (Projected) 1.00
ADTN's Price/DCF (Projected) is ranked higher than
74% of the 310 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.30 vs. ADTN: 1.00 )
ADTN' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 4.28
Current: 1

0.6
4.28
Price/Median PS Value 0.60
ADTN's Price/Median PS Value is ranked higher than
88% of the 601 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.10 vs. ADTN: 0.60 )
ADTN' s 10-Year Price/Median PS Value Range
Min: 0.54   Max: 3.51
Current: 0.6

0.54
3.51
Price/Graham Number 1.70
ADTN's Price/Graham Number is ranked higher than
54% of the 407 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.70 vs. ADTN: 1.70 )
ADTN' s 10-Year Price/Graham Number Range
Min: 0.76   Max: 6.91
Current: 1.7

0.76
6.91
Earnings Yield (Greenblatt) 3.60
ADTN's Earnings Yield (Greenblatt) is ranked higher than
56% of the 532 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.70 vs. ADTN: 3.60 )
ADTN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 15.9
Current: 3.6

2.2
15.9
Forward Rate of Return (Yacktman) -4.08
ADTN's Forward Rate of Return (Yacktman) is ranked higher than
56% of the 419 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.40 vs. ADTN: -4.08 )
ADTN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.8   Max: 44.9
Current: -4.08

-10.8
44.9

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:ATN.Germany
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 wire line and wireless networks. Many of these solutions are currently in use by every major United States and many 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 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.

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