ADTRAN Inc
ADTN:NASDAQ
| Last | Change / % Change | Dividend Yield | Volume |
| 43.55 | -0.3100 -0.71% | 0.82% | 1,036,586 |
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Latest News Headlines for ADTRAN Inc
Adtran Wins 2011 Progressive Manufacturing 100 Award
QlikTech, a developer of user-driven business intelligence software, announced that Adtran, a QlikTech customer, was named a winner of the seventh annual Progressive Manufacturing 100 (PM100) Awards, presented by Manufacturing Enterprise Communications, producers of the Manufacturing Leadership Summit and publishers of Managing Automation.
ADTRAN (ADTN) Trading Near $42.00 Support Level
ADTRAN Inc (NASDAQ: ADTN) closed Friday's trading session at $43.75. In the past year, the stock has hit a 52-week low of $23.40 and 52-week high of $47.70. ADTRAN stock has been showing support around $42.00 and resistance in the $44.88 range. Technical indicators for the stock are Bullish and S&P; gives ADTN a neutral 3 STARS (out of 5) hold rating. For a hedged play on this stock, look at the May '11 $43.00 covered call for a net debit in the $40.45 area. That is also the break-even stock price for this trade. This covered call has a duration of 68 days, provides 7.54% downside protection and an assigned return rate of 6.30% for an annualized return rate of 33.84% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the ADTN Jan '12 $22.50 call and selling the May '11 $43.00 call for a total debit of $18.25. The trade has a lifespan of 68 days and would provide 6.86% downside protection and an assigned return rate of 12.33% for an annualized return rate of 66% (for comparison purposes only). ADTRAN has a current annual dividend yield of 0.81%.
QlikTech Customer ADTRAN Named a Winner of the 2011 Progressive Manufacturing 100 Award
View more recent headlinesQlikTech,
(NASDAQ:QLIK) a leader in Business Discovery -- user-driven Business
Intelligence, today announced that ADTRAN, Inc. (NASDAQ: ADTN), a
QlikTech customer, was named a winner of the seventh annual Progressive
Manufacturing 100 (PM100) Awards, presented by Manufacturing
Enterprise Communications, Inc., producers of the Manufacturing
Leadership Summit and publishers of Managing Automation. Through
successful implementation of the QlikView dashboard, ADTRAN was
recognized as an outstanding performer in the category of "Data and
Integration Mastery" for delivering a competitive advantage through the
use of innovative information technology.
Company Background
ADTRAN, Inc. designs, manufactures, markets and services network access solutions for communications networks. The Company maintains two operating divisions based on its product and service offerings: the Carrier Networks Division and the Enterprise Networks Division. The Carrier Networks Division provides products used by service providers to deliver voice, data and video services from their equipment, whether it is located in a central office or remote terminal location, to a customer's premises. The Enterprise Networks Division provides products used by enterprise customers to construct voice, data and video networks within the customer's site or among distributed sites. Its combined product portfolio for both divisions consists of approximately 1,700 high-speed network access and communication devices. On September 15, 2009, the Company acquired Objectworld Communications Corporation.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 42.71 | Previous Close 43.86 |
Day High 43.94 | Day Low 42.26 |
52wk High/Date 47.70 / 3/7/2011 | 52wk Low/Date 23.40 / 5/6/2010 |
Beta 1.14 | Market Capitalization 2.81B |
Shares Outstanding 64.54M | Volatility Avg 31.85 |
Avg Vol(10 day) 917.63K | P/E Ratio 24.5x |
EPS (TTM) 1.78 | Annualized Rate -- / -- |
Yield 0.82% | Dividend Announcement 1/18/2011 |
Ex-Date 2/1/2011 | Date of Record 2/3/2011 |
Payable 0.09 - QRTR | Payable Date 2/17/2011 |
Last Trade as of 3/15/2011 4:00 PM ET | |
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ADTN ADTRAN Inc vs. Peers
| Peers | |
ADTN ADTRAN Inc | 21.13% |
| CSCO Cisco Systems, Inc. | -11.76% |
| TLAB Tellabs, Inc. | -24.48% |
| ZHNE Zhone Technologies, Inc. | -11.99% |
| CALX Calix, Inc. | 7.99% |
ADTN ADTRAN Inc | 0.83% |
| CSCO Cisco Systems, Inc. | -- |
| TLAB Tellabs, Inc. | 1.56% |
| ZHNE Zhone Technologies, Inc. | -- |
| CALX Calix, Inc. | -- |
ADTN ADTRAN Inc | -0.71% |
| CSCO Cisco Systems, Inc. | -2.58% |
| TLAB Tellabs, Inc. | -0.39% |
| ZHNE Zhone Technologies, Inc. | -2.55% |
| CALX Calix, Inc. | -3.12% |