Stock Market News

Adtran stock rises 10% following Craig-Hallum’s buy rating initiation

2025.01.08 14:37

Adtran stock rises 10% following Craig-Hallum's buy rating initiation

Investing.com — Adtran (NASDAQ:), a communications equipment manufacturer, saw a 10% rise in its shares after Craig-Hallum initiated coverage of the company with a buy rating.

The firm also set a price target of $15 for Adtran’s shares, citing an anticipated increase in customer spending in the coming years.

Craig-Hallum analyst Christian Schwab mentioned in a research note on Wednesday that Adtran is well-positioned to gain from ongoing customer initiatives to shift away from Chinese vendors, such as Huawei.

Schwab also noted that the company’s efforts to reduce costs are expected to enhance its operating leverage.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 83,250.31 0.52%
ethereum
Ethereum (ETH) $ 1,939.46 1.96%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.30 0.54%
bnb
BNB (BNB) $ 618.11 2.43%
solana
Solana (SOL) $ 126.01 1.40%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.710283 0.37%
dogecoin
Dogecoin (DOGE) $ 0.168707 0.38%
tron
TRON (TRX) $ 0.234428 5.17%
staked-ether
Lido Staked Ether (STETH) $ 1,938.43 2.06%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,845.20 0.30%
leo-token
LEO Token (LEO) $ 9.77 0.13%
chainlink
Chainlink (LINK) $ 13.96 0.34%
the-open-network
Toncoin (TON) $ 3.59 3.66%
stellar
Stellar (XLM) $ 0.280179 4.49%
usds
USDS (USDS) $ 1.00 0.00%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,321.64 1.88%
avalanche-2
Avalanche (AVAX) $ 19.19 1.27%
hedera-hashgraph
Hedera (HBAR) $ 0.187678 0.36%
pi-network
Pi Network (PI) $ 1.15 0.84%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 0.40%
sui
Sui (SUI) $ 2.32 0.18%
mantra-dao
MANTRA (OM) $ 7.05 2.39%
polkadot
Polkadot (DOT) $ 4.51 5.45%
litecoin
Litecoin (LTC) $ 90.27 0.63%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.25 0.39%
bitget-token
Bitget Token (BGB) $ 4.61 3.64%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
weth
WETH (WETH) $ 1,938.42 1.85%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.12%
hyperliquid
Hyperliquid (HYPE) $ 14.13 8.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,059.49 1.95%
whitebit
WhiteBIT Coin (WBT) $ 28.18 0.40%
monero
Monero (XMR) $ 208.80 1.16%
uniswap
Uniswap (UNI) $ 6.37 2.19%
susds
sUSDS (SUSDS) $ 1.04 0.01%
aptos
Aptos (APT) $ 5.48 3.66%
dai
Dai (DAI) $ 1.00 0.04%
okb
OKB (OKB) $ 51.81 0.41%
near
NEAR Protocol (NEAR) $ 2.59 1.36%
pepe
Pepe (PEPE) $ 0.000007 1.33%
internet-computer
Internet Computer (ICP) $ 5.83 0.04%
gatechain-token
Gate (GT) $ 22.17 1.35%
ethereum-classic
Ethereum Classic (ETC) $ 17.99 2.09%
mantle
Mantle (MNT) $ 0.803245 2.77%
ondo-finance
Ondo (ONDO) $ 0.840545 0.88%
aave
Aave (AAVE) $ 171.24 0.54%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,234.30 0.51%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.70 6.71%