에 대한 최신 뉴스 Adtran Holdings (NASDAQ:ADTN) 주식

Adtran Holdings

Adtran

Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support Segment which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions.

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Adtran Holdings Inc

Rosenblatt analyst Mike Genovese upgrades Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) from Neutral to Buy and raises the price target from $6 to $10.

Upgrades

Price Target

Analyst Ratings

Rosenblatt Upgrades Adtran Holdings to Buy, Raises Price Target to $10

Needham analyst Ryan Koontz maintains Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) with a Buy and raises the price target from $8 to $11.

Needham Maintains Buy on Adtran Holdings, Raises Price Target to $11

WIIM

ADTRAN shares are trading higher. The company reported Q3 financial results.

Business Outlook1
For the fourth quarter of 2024, the Company expects revenue to be within a range of $230 million to $245 million. Non-GAAP operating margin is expected to be within a range of 0% to 4%.

Earnings

Guidance

ADTRAN For Q4 Expects Revenue Of $230M-$245M Vs. $251.7M Consensus; And Adj. Operating Margin Of 0% To 4%

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly losses of $(0.05) per share which missed the analyst consensus estimate of $0.00 by Infinity percent. This is a 72.22 percent increase over losses of $(0.18) per share from the same period last year. The company reported quarterly sales of $227.704 million which missed the analyst consensus estimate of $238.650 million by 4.59 percent. This is a 16.39 percent decrease over sales of $272.331 million the same period last year.

Earnings Misses

Adtran Q3 2024 Adj. EPS $(0.05) Misses $0.00 Estimate, Sales $227.704M Miss $238.650M Estimate

Adtran today announced that the Centre Régional Informatique et d'Applications Numériques de Normandie (CRIANN) is using its FSP 3000 optical transport technology and ALM fiber monitoring platform to boost the capacity and resilience of its research and education network, thanks to the financial support of the Normandy Region. By integrating Adtran's solution, the Normandy-based supercomputing center and provider of high-performance digital infrastructure is ensuring faster and more reliable connectivity for the region's scientific and academic institutions. Adtran's Elite partner Axians also played a key role in the installation and continues to deliver maintenance and support.

Adtran Powers Faster, Reliable Network for Normandy's Research and Education with Optical Transport Tech

Adtrantoday announced that Switzerland's Federal Institute of Metrology METAS has successfully deployed its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.oscilloquartz.com%2Fen%2Fproducts-and-services%2Fcesium-clocks%2Foptical-pumping-cesium-clocks%2Fosa-3300-series%3Futm_source%3Dbusiness-wire%26utm_medium%3Dpress-release%26utm_campaign%3D241104-metas&amp;esheet=54145975&amp;newsitemid=20241101122191&amp;lan=en-US&amp;anchor=OSA+3300+HP&amp;index=1&amp;md5=1d4886ba49fa37ff7e4f5ee4cf4c23e5">OSA 3300 HP</a>, improving national timekeeping performance and supporting critical scientific research. As the industry's first high-performance optical cesium atomic clock, the OSA 3300 HP sets new standards for accuracy and stability, while assuring 10 years of operation. It also strengthens Switzerland's contribution to Universal Time Coordinated (UTC), bolstering its position in the global timekeeping network. By providing an ultra-stable frequency source, the OSA 3300 HP offers major advances in the field of metrology, ensuring that Switzerland remains at the forefront of precision measurement and timekeeping.

Adtran's OSA 3300 HP Boosts Swiss National Timekeeping, Sets New Accuracy Standards

New Tech Coexists With GPON And XGS-PON For Seamless Network Upgrades

Adtran And Sonic Fiber Internet Partner To Launch 50G PON Connectivity Across California, Addressing Bandwidth Demand And Enabling Next-Gen Digital Experiences

Management

Global

Automotive Seating Company Adient To Close Down Two Czech Production Plants, Cut 1,100 Jobs As Part Of Restructuring

<ul>
<li>Facility enhances Adtran's in-house ability to meet growing demand for its end-to-end fiber infrastructure technology</li>
<li>Center supports testing and production, empowering Adtran customers to boost deployment efficiency and service quality</li>
<li>Designed for operational speed and customer responsiveness, the facility will advance eco-sustainable UK fiber broadband expansion</li>
</ul>
Adtran today announced the opening of a new 20,000-square-foot distribution center in York, UK. The facility expands Adtran's UK operations, supporting the deployment of its end-to-end fiber infrastructure solutions, including optical transport, Carrier Ethernet and access equipment. By enhancing logistics capabilities, the new center will enable faster delivery of essential network components and ensure the highest levels of service quality for Adtran's growing customer base. It will support a wide array of services, such as testing, production and customization of hardware and software. The facility also underscores Adtran's commitment to sustainability and the highest standards of environmental performance.

Adtran Expands UK Operations With New Distribution Center, Enhancing Adtran's In-House Ability To Meet Growing Demand For Its End-To-End Fiber Infrastructure Technology

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Shares of companies within the broader tech sector are trading higher amid overall market strength following strong US economic data that could help ease recession concerns. The sector may be experiencing momentum in sympathy with Cisco Systems after the company reported better-than-expected Q4 financial results.

Needham analyst Ryan Koontz reiterates Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) with a Buy and maintains $8 price target.

Reiteration

Needham Reiterates Buy on Adtran Holdings, Maintains $8 Price Target

Rosenblatt analyst Mike Genovese maintains Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) with a Neutral and maintains $6 price target.

Rosenblatt Maintains Neutral on Adtran Holdings, Maintains $6 Price Target

U.S. stock markets saw a strong recovery on Tuesday, with both the S&amp;P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday&#8217;s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy&#8217;s ability to avoid a recession. 
Gains were observed in both small-cap and blue-chip stocks, reflecting broad improvement in market sentiment.
The CBOE Volatility Index (VIX), often referred to as the market&#8217;s fear gauge, decreased by almost 40% on Tuesday after spiking 65% on Monday. 
According to the FedWatch Tool, the likelihood of a 50-basis-point interest rate cut decreased to 90% Monday to 64% Tuesday. 
As traders reassess Fed rate cuts, Treasury yields increased during the day, with the 10-year yield rising by 11 basis points to 3.9% and the two-year yield climbing 9 basis points to 4.01%.
The rebound of the U.S. dollar was supported by rising yields and diminished expectations of a larger Federal Reserve rate cut in September. The dollar increased by 0.8% against the low-yielding Japanese yen, breaking a streak of five consecutive days of losses.
In terms of macroeconomic data, the day was relatively quiet, with only June&#8217;s trade figures making news. The U.S. trade deficit narrowed to $73.1 billion in June 2024 from a revised 20-month high of $75 billion in May, slightly above market forecasts of a $72.5-billion gap. Exports increased by 1.5% to $265.9 billion, the second-highest on record, while imports grew by a more modest 0.6% to $339 billion.
Gold and oil prices both decreased by 0.7% and 0.8%, respectively, marking their fourth consecutive session of declines.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded by 4.9% after experiencing a 7% drop on Monday.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,312.03</td>
<td>2.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,295.41</td>
<td>2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.01</td>
<td>1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,301.11</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:55 p.m. ET </figcaption></figure>
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was trading 2.2% higher to $528.42.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.7% to $393.21.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 2.4% to $445.63.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $206.06.</li>
<li>All 11 sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, increasing by 3.1%. The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) witnessed the smallest gain, up 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied over 6%, snapping three straight session of losses. </li>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) soared over 5%, marking its best one-day surge in a month. </li>
</ul>
Stocks reacting to company earnings included: 
<ul>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), down by nearly 18%, </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), up 3.8%,</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), up 6.9%,</li>
<li>CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), up 3.7%,</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), up 2.3%,</li>
<li>Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), down 4.4%,</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), up 6.7%,</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), down 1%,</li>
<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), down 0.7%,</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) up 9%, </li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), up 6.8%,</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) up 12.3%, </li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), up 11%</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) down about 14%,</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) down 6.7%,</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) up 3.7%,</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>), down nearly 19%.</li>
</ul>
Companies reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Read now: 
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40196554/warren-buffetts-oil-bet-hits-slick-patch-death-cross-looms-over-occidental-before-q2-earnings">Warren Buffett&#8217;s Oil Bet Hits Slick Patch: Death Cross Looms Over Occidental Before Q2 Earnings</a></li>
</ul>
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Forex

ABNB

AMGN

CPNG

CRUS

EXEL

EXPD

FOXA

FTNT

GPRO

JACK

LCID

NVDA

RDDT

RIVN

SMCI

TRIP

UBER

WYNN

Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What's Driving Markets Tuesday?

ADTRAN Holdings shares are trading lower after the company reported mixed Q2 financial results.

U.S. stocks look to bounce back on Tuesday following an across-the-board sell-off in the previous session. Strategists say<a href="https://www.benzinga.com/markets/equities/24/08/40179293/strategist-warns-theres-a-serious-collapse-thats-coming-after-mondays-global-market-crash-tons-a"> all the yen carry trades haven&#8217;t been unwound yet,</a> which raises the specter of incremental weakness. That said, positive reactions to earnings from tech players such as Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) could buoy sentiment.
Tech stocks are reversing course, riding on these positive earnings. The CBOE Volatility Index, widely known as VIX, has pulled back notably toward the 32 level. Given the absence of any major catalysts, volatility will likely remain contained. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.86%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.82%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.71%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.78% to $521.40, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.82% to $438.95, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
Wall Street closed Monday&#8217;s session notably lower, although off its intraday lows. The global equity market plunge set in motion by the Japanese market on Monday spilled over into the U.S. The major averages opened notably lower but a report that showed that the service sector moved into expansion territory helped them trim some of the losses. Yet the averages closed the session sharply lower.
The S&amp;P 500 and the Nasdaq Composite fell for a third straight session, settling at three-month lows, while the Dow Jones Industrial Average retreated to its lowest since June 14.
The sell-off was across the board, with the IT, communication services and consumer discretionary stocks plunging hard.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.43%</td>
<td>16,200.08</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-3.00%</td>
<td>5,186.33</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-2.60%</td>
<td>38,703.27</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.33%</td>
<td>2,039.16</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts: </figcaption></figure>
The recent correction is healthy for the market, according to WisdomTree Senior Economist and Wharton professor Jeremy Siegel. Volatility has finally returned to the market, the economist said, adding that this equity risk is what creates a premium long-term return.
A correction of 5-10% from the highs is healthy, Siegel said. &#8220;I would be more worried had the market continued to surge higher with no correction and created more bubble-like conditions,&#8221; he said.
&#8220;In the short run, if the Fed does not indicate that it will react soon, the outlook is very unsettled.&#8221;
Carson Group&#8217;s Chief Market Strategist Ryan Detrick sees light at the end of the tunnel. Drawing on historical data, the strategist noted that when the S&amp;P 500 Index falls by at least 1% on Thursday, Friday, and Monday, strong returns are typically observed three months later. Historically, this pattern has resulted in gains 90% of the time, with an average increase of around 10%.
&#8220;A year later up 18 of 21 and up 22.5% on avg,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 down at least 1% on a Thursday, Friday, and Monday? Pretty strong returns across the board. 3 months later higher 90% of the time and up nearly 10% on avg. A year later up 18 of 21 and up 22.5% on avg. Huh. Good chance those times felt pretty bad also. <a href="https://t.co/srKtgx1vqx">pic.twitter.com/srKtgx1vqx</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1820678336277856286?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release its trade balance report for June at 8:30 a.m. EDT. Economists, on average, expect a narrowing of the trade deficit from $75.1 billion in May to $72.5 in June.</li>
<li>The Treasury will auction three-year notes at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Palantir climbed over 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>The other stocks moving on earnings are Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (up 9%), ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) (down about 7.50%), Navitas Semiconductor (up about 5%), ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) (down nearly 15%), Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) (down about 8%) and Yum China Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NASDAQ">YUMC</a>) (up over 8%) </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) and Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening</a>.</li>
<li>Those reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded after three straight sessions of declines and gold futures also advanced moderately, while the 10-year benchmark Treasury note yield rose 5.4 basis points to 3.836%.
Bitcoin (CRYPTO: BTC<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40153940/bitcoin-crashes-below-50k-briefly-crypto-market-records-over-1b-in-liquidations-in-24-hour">)</a> climbed over 6.5% and approached the $55K level.
In Asia, the sentiment was mixed. The Japanese market, which was the epicenter of Monday&#8217;s sell-off, rebounded strongly, with the Nikkei 225 average climbing over 10%. The Taiwanese and South Korean markets also rose notably. The Chinese market advanced, although the gain was much more modest, and the Australian market finished strong amid the nation&#8217;s central bank deciding to keep interest rates unchanged. On the other hand, the Indian, Malaysian, Hong Kong and New Zealand markets moved to the downside.
European stocks were lower in early trading amid volatility. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40178601/global-market-crash-sparks-reflection-on-jeff-bezos-2000-dotcom-comments-after-amazons-80-plunge">Global Market Crash Sparks Reflection On Jeff Bezos&#8217; 2000 Dotcom Comments After Amazon&#8217;s 80% Plunge: &#8216;We&#8217;re A Company That Wants To Be Weighed, And Over Time We Will Be&#8217;</a></li>
</ul>
Image Created Using Midjourney

Futures

Previews

Pre-Market Outlook

Movers

US Stocks Set To Open Higher After Monday's Crash, VIX Plummets: Analyst Says Would Have Worried If Market Surged Higher Without Correction

For the&nbsp;third quarter&nbsp;of 2024, the Company expects revenue in a range of $215million to $235million. Non-GAAP operating margin is expected in a range of&nbsp;-1%&nbsp;to&nbsp;+3%.

ADTRAN For Q3 Expects Revenue Of $215M-$235M Vs. $225.875M Consensus; And Adj. Operating Margin Of -1% To +3%

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly losses of $(0.24) per share which missed the analyst consensus estimate of $(0.09) by 166.67 percent. The company reported quarterly sales of $225.991 million which beat the analyst consensus estimate of $225.875 million by 0.05 percent. This is a 30.97 percent decrease over sales of $327.378 million the same period last year.

Earnings Beats

Adtran Q2 2024 Adj. EPS $(0.24) Misses $(0.09) Estimate, Sales $225.991M Beat $225.875M Estimate

After spiking in the first quarter of 2024, inflation has been weakening from April. In fact, per the June data, the annual rate of inflation dropped to its lowest level in more than two years, raising hopes of a rate cut in September. This bodes well as low interest rates improve consumer outlays, decrease the cost of borrowings and, in turn, boost economic growth.
Additionally, second-quarter quarter earnings have been impressive so far, with many companies reporting better-than-expected earnings per share. Given this brightening scenario, investors would like to design a winning portfolio of stocks for impressive returns. One way to do so is by following broker advice. Stocks like ADTRAN (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtn#NASDAQ">ADTN</a>), Bread Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfh#NYSE">BFH</a>), Owens &amp; Minor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omi#NYSE">OMI</a>), Bally&#39;s Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baly#NYSE">BALY</a>) and AMC Networks (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) are worth monitoring.
We have designed a screen to shortlist stocks based on improving broker recommendations and upward revisions in earnings estimates over the past four weeks. Also, since the price/sales ratio is a strong complementary valuation metric in the presence of broker information, it has been included. The price/sales ratio takes care of the company&#39;s top line, making the strategy a well-rounded one.
<h3>Screening Criteria</h3>
# (Up- Down Rating)/ Total (4 weeks) =Top #75&nbsp;(This gives the list of the top 75 companies that have witnessed net upgrades over the last 4 weeks).
% change in Q (1) est. (4 weeks) = Top #10&nbsp;(This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).
Price-to-Sales = Bot%10&nbsp;(The lower the ratio, the better. Companies meeting this criterion are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio).
Price greater than 5&nbsp;(as a stock trading below $5 will not likely create significant interest for most of the investors).
Average Daily Volume greater than 100,000 shares over the last 20 trading days&nbsp;(Volume has to be significant to ensure that these are easily traded).
Market value ($ mil) = Top #3000&nbsp;(This gives us stocks that are the top 3000 in terms of market capitalization).
Com/ADR/Canadian= Com&nbsp;(This takes out the ADR and Canadian stocks).
Here are five of the 10 stocks that made it through the screen:
ADTRAN is poised to capitalize on its strengths in ultra-broadband and fiber-to-the-home solutions along with Software-Defined or SD access and Ethernet passive optical network solutions. Its global leadership in SD access is likely to ensure a steady stream of revenues as it helps clients reduce costs and accelerate service delivery and deployment.
ADTN currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for ADTN&#39;s 2024 earnings has remained stable over the past 60 days.
Bread Financial is based in Columbus, OH. The company continues to benefit from data-driven marketing strategies. Solid receivables growth in Card Services should drive its top line. Acquisitions and divestitures will aid the company in growing inorganically and expanding its international footprint.
Over the past 60 days, the Zacks Consensus Estimate for BFH&#39;s current-quarter earnings has increased 31%. Bread Financial currently carries a Zacks Rank #3.
Owens &amp; Minor is a global healthcare solutions company. Shares of this Zacks Rank #3 company have gained 28% in the past month. In 2024, the company&#39;s earnings are expected to witness growth of 14.7% from 2023 actuals.
The Zacks Consensus Estimate for Owens &amp; Minor&#39;s 2024 earnings is currently pegged at $1.56 per share, indicating a 2% upward revision over the past 30 days. OMI&#39;s earnings surpassed estimates in each of the last four quarters, with an average beat of 11.1%.
Bally&#39;s shares have been moving north lately following news of its merger agreement with Standard General L.P., valued at approximately $4.6 billion. The agreement involves combining Bally&#39;s with The Queen Casino &amp; Entertainment Inc., a regional casino operator.&nbsp;
Over the past 60 days, the Zacks Consensus Estimate for BALY&#39;s current-quarter earnings has increased 57%. The company currently carries a Zacks Rank #2 (Buy).
AMC Networks is benefiting from a rising focus on high-quality programming and strong partnerships, which, in turn, are driving subscriber growth and ad revenues.
Over the past 60 days, the Zacks Consensus Estimate for AMCX&#39;s current-quarter earnings has remained stable at $1.38 per share. The radio and television broadcast company currently carries a Zacks Rank #3.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2315768/5-stocks-loved-by-brokers-worth-watching-currently?cid=CS-BENZ-FT-analyst_blog|rw-2315768">To read this article on Zacks.com click here.</a>

AMCX

BALY

5 Stocks Loved by Brokers Worth Watching Currently

ADTRAN Non-GAAP EPS of $0.05, revenue of $227.7M

Reports preliminary Q3 revenue $227.7M, consensus $226.92M. "ADTRAN (ADTN) remains well-positioned for sustainable and profitable growth as custome...

Adtran reports preliminary Q3 EPS (5c), consensus (4c)

The company said, "For the fourth quarter of 2024, the Company expects revenue to be within a range of $230 million to $245 million. Non-GAAP opera...

Adtran sees Q4 revenue $230M-$245M, consensus $238.87M

Adtran ( ($ADTN) ) just unveiled an update. ADTRAN Holdings reported a rise in third-quarter 2024 revenue to $227.7 million, alongside improvements...

Adtran Reports Q3 Revenue Growth and Positive Outlook

Adtran (ADTN – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham main...

Adtran's Optimistic Outlook: Strong Performance and Future Growth Prospects Drive Buy Rating

Jefferies raised the firm's price target on Adtran (ADTN) to $9 from $6.50 and keeps a Buy rating on the shares after the company reported quarterl...

Adtran price target raised to $9 from $6.50 at Jefferies

Adtran Inc ( ($ADTN) ) has released its Q3 earnings. Here is a breakdown of the information Adtran Inc presented to its investors. ADTRAN Holdings,...

ADTRAN Reports Improved Margins and Revenue Growth

In a report released today, Robert-Jan van der Horst from Warburg Research maintained a Buy rating on Adtran (ADTN – Research Report), with a price...

Warburg Research Sticks to Its Buy Rating for Adtran (ADTN)

Rosenblatt upgraded Adtran (ADTN) to Buy from Neutral with a price target of $10, up from $6. Q3 revenues were slightly better than expected, drive...

Adtran upgraded to Buy at Rosenblatt as growth returns

ADTRAN Holdings, Inc. (ADTN) Q3 2024 Earnings Call Transcript

Press Releases

Pulse Fibre harnesses Adtran for multigigabit network expansion in UK home developments

D & P Communications expands multigigabit services with Adtran's fiber access solution

ADTRAN Holdings, Inc. to Release Third Quarter 2024 Earnings on November 6, 2024

Adtran demonstrates Oscilloquartz assured PNT solution at Jammertest

Adtran and Candela advance Wi-Fi 7 adoption with modular testing solution

Adtran and Sonic Fiber Internet partner to deliver 50G PON connectivity across California

Adtran's Oscilloquartz high-performance optical cesium technology integrated in Swiss timescale infrastructure at METAS

CRIANN boosts bandwidth in French research and education network with Adtran FSP 3000

ADTRAN Holdings, Inc. Reports Preliminary Third Quarter 2024 Financial Results

ADTRAN Holdings, Inc. to Meet with Investors at the 18th Annual Needham Virtual Security, Networking, & Communications Conference

Applied Optoelectronics, Inc. - Common Stock

Applied Optoelectronics

Arista Networks

Aviat Networks

Calix

Ciena

Clearfield

CommScope Holding Company, Inc. - Common Stock

CommScope Hldg Co

Cisco Systems

Digi Intl

Ericsson - American Depositary Shares each representing 1 underlying Class B share

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Adtran Holdings

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월요일, 8월 05, 2024

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