Weakness Seen in ADTRAN (ADTN): Stock Falls by 7.3% – Tale of the Tape

This slump shouldn’t be too much of a surprise to investors, as the networking and communications equipment manufacturer has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ADTN currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the same sector include Calix Inc. (CALX) and Crown Castle International Corp. (CCI) both of which hold a Zacks Rank #2 (Buy). Meanwhile, one can consider Jabil Circuit Inc. (JBL) from the broader computer sector. The stock sports a Zacks Rank #1 (Strong Buy).

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