ADTN
TechnologyADTRAN Holdings, Inc. · Communication Equipment · $1B
What is ADTRAN Holdings, Inc.?
ADTRAN Holdings is a small-cap technology company specializing in fiber networking infrastructure for communications service providers, enterprises, and government customers across the United States and internationally. Founded in 1994 and headquartered in Huntsville, Alabama, it serves markets in Germany, the United Kingdom, Mexico, and beyond.
ADTRAN operates through two segments — Network Solutions and Services & Support — generating revenue by selling fiber access hardware, software platforms, and professional services. The company helps broadband providers deploy fiber-to-the-home and fiber-to-the-node infrastructure, while also offering cloud-based management software, ethernet switches, residential gateways, and technical support. Its customer base spans telecom carriers, cable operators, and government agencies seeking to modernize their broadband networks.
ADTRAN was founded in 1994 and is headquartered in Huntsville, Alabama.
- Fiber access and passive optical network platforms
- Broadband customer premises equipment and residential gateways
- Cloud-based SaaS network management software
- Ethernet switches, routers, and fixed wireless access platforms
- Pre-sale and post-sale technical support and planning services
Is ADTN a Good Stock to Buy?
UQS Score rates ADTN as Below Average overall, reflecting meaningful challenges across several key dimensions of stock quality.
Among the five pillars, Valuation stands out as the relative bright spot — ADTN's current pricing appears more favorable compared to many peers in the technology sector. The Growth pillar registers as Neutral, suggesting the business is not in outright decline but has yet to demonstrate consistent expansion.
Quality, Moat, and Risk all carry Weak ratings, pointing to concerns around business durability, competitive positioning, and financial resilience that investors should weigh carefully.
Pro members can view the complete pillar breakdown and underlying financial metrics to form a more complete picture of ADTN's investment profile. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ADTN pay dividends?
No — ADTRAN Holdings, Inc. does not currently pay a dividend.
ADTRAN does not currently pay a dividend. For a company navigating competitive pressures in the fiber networking market, retaining capital for operational needs and potential reinvestment in product development tends to take priority over shareholder distributions. Income-focused investors should factor this into their assessment.
When does ADTN report earnings?
ADTRAN Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's recent results reflect the mixed signals visible in its UQS pillar profile — Neutral Growth alongside Weak Quality and Risk ratings suggest an uneven financial trajectory. Investors should look beyond headline revenue figures to assess margin trends and cash generation.
For the most recent quarter's results and guidance, visit ADTRAN's official investor relations page.
ADTN Price History
-7.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in ADTRAN Holdings, Inc.?
Based on ADTRAN Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ADTN Long-term Outlook
ADTRAN's fundamental outlook is shaped by a Neutral Growth profile set against Weak Quality and Risk ratings. While demand for fiber broadband infrastructure remains a structural tailwind — driven by ongoing network upgrades among telecom carriers — the company faces execution risks that temper the near-term outlook. The Weak Moat rating suggests limited pricing power, which could pressure margins if competitive intensity increases. A Good Valuation rating indicates the market may already be pricing in these challenges to some degree.
Growth drivers
- Ongoing global fiber broadband buildout by telecom and cable operators
- Government-backed broadband expansion programs in the US and Europe
- Growing demand for cloud-managed network software and SaaS platforms
Key risks
- Weak competitive moat leaving ADTRAN exposed to pricing pressure from larger rivals
- Elevated financial risk profile that could limit operational flexibility
- Dependence on carrier capital expenditure cycles, which can be volatile
ADTN vs Peers
ADTRAN competes in a fragmented networking and broadband infrastructure market alongside several specialized technology companies.
Evertz focuses on video infrastructure and broadcast technology solutions, serving media and entertainment customers rather than telecom carriers.
Harmonic specializes in video streaming and cable access infrastructure, with a growing emphasis on cloud-native broadband platforms for cable operators.
Gilat delivers broadband connectivity via satellite networks, targeting rural and underserved markets where terrestrial fiber deployment is not practical.
Frequently Asked Questions
What does ADTRAN Holdings do?
ADTRAN Holdings provides fiber networking hardware, software, and services to communications service providers, enterprises, and government customers. Its products help carriers deploy fiber-to-the-home and fiber-to-the-node broadband networks. The company also offers cloud-based management platforms, residential gateways, and technical support services across the US and internationally.
Does ADTN pay dividends?
ADTRAN does not currently pay a dividend. The company retains capital for operational requirements rather than distributing it to shareholders. Investors seeking regular income should consider this when evaluating ADTN alongside dividend-paying alternatives in the technology sector.
When does ADTN report earnings?
ADTRAN reports financial results on a quarterly basis, in line with standard US-listed company practice. For precise dates and the most recent earnings releases, check ADTRAN's investor relations page directly, as scheduled dates can shift.
Is ADTN a good stock to buy?
UQS Score rates ADTN as Below Average, driven by Weak ratings across Quality, Moat, and Risk pillars. The Valuation pillar is rated Good, and Growth is Neutral. Whether that profile suits a particular investor depends on their risk tolerance and portfolio goals. The full pillar breakdown is available to Pro members.
Is ADTN overvalued?
Based on the UQS Valuation pillar, ADTN currently receives a Good rating — suggesting the stock is not considered overvalued relative to its fundamentals and sector peers. However, a favorable valuation alone does not offset the Weak ratings in Quality, Moat, and Risk. Context matters when interpreting valuation signals.
How does ADTN compare to its competitors?
ADTRAN operates in a niche corner of the networking market focused on fiber access for telecom carriers. Competitors like Harmonic and Evertz Technologies serve adjacent but distinct markets — video infrastructure and broadcast — while Gilat Satellite targets satellite-based broadband. Each company carries a different risk and growth profile. See the UQS comparison tool for a side-by-side view.
What is ADTN's market cap bracket?
ADTRAN Holdings is classified as a small-cap company. This places it in a segment of the market that can offer higher growth potential but typically carries greater volatility and liquidity risk compared to large-cap or mega-cap technology peers.
Who founded ADTRAN?
ADTRAN was founded in 1994. Detailed founding history, including the names of original founders, is widely available through the company's official corporate history and public filings. The company has been headquartered in Huntsville, Alabama since its founding.
Is ADTN a long-term quality investment?
As a long-term quality indicator, ADTN's UQS profile raises caution — Weak ratings in Quality, Moat, and Risk suggest the business lacks the durable competitive advantages and financial strength typically associated with high-conviction long-term holdings. The Neutral Growth and Good Valuation ratings provide some balance, but the overall picture warrants careful consideration.
What is the main competitive advantage of ADTRAN?
ADTRAN's positioning in fiber access infrastructure for telecom carriers gives it exposure to a structural growth trend in broadband buildout. However, the UQS Moat pillar rates ADTRAN as Weak, indicating that its competitive advantages are not considered durable or wide enough to consistently fend off rivals and protect margins over time.
What sector does ADTN belong to?
ADTRAN Holdings is classified in the Technology sector, specifically within networking and broadband infrastructure. The company serves communications service providers and enterprises, placing it at the intersection of telecom equipment and enterprise networking — a segment sensitive to carrier capital spending cycles.
Is ADTN a growth stock or value stock?
Based on UQS pillar labels, ADTN sits in an in-between position — the Growth pillar is Neutral, suggesting neither strong expansion nor contraction, while the Valuation pillar is rated Good. This profile does not fit neatly into a pure growth or pure value category, making it a nuanced case for investors to evaluate.
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Pro Analysis
ADTN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 35.5 | 17.7 | 20.0 | 51.3 | 23.4 | 82.2 | -0.2 |
| May 22, 2026 | 35.7 | 17.7 | 20.0 | 51.3 | 23.4 | 83.3 | -0.1 |
| May 21, 2026 | 35.8 | 17.7 | 20.0 | 51.3 | 23.4 | 83.9 | +0.1 |
| May 20, 2026 | 35.7 | 17.7 | 20.0 | 51.3 | 23.4 | 83.7 | +0.2 |
| May 17, 2026 | 35.5 | 17.5 | 20.0 | 51.3 | 23.4 | 82.6 | 0.0 |
| May 16, 2026 | 35.5 | 17.5 | 20.0 | 50.9 | 23.4 | 82.8 | +0.3 |
| May 15, 2026 | 35.2 | 17.0 | 20.0 | 50.9 | 23.4 | 81.7 | +0.1 |
| May 14, 2026 | 35.1 | 17.0 | 20.0 | 50.9 | 23.4 | 81.2 | -0.3 |
| May 13, 2026 | 35.4 | 17.1 | 20.0 | 50.9 | 23.4 | 82.7 | +0.2 |
| May 12, 2026 | 35.2 | 17.1 | 20.0 | 50.9 | 23.4 | 81.8 | -0.2 |
ADTN — Pillar Breakdown
Quality
— 17.7/100 (25%)ADTRAN Holdings, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 51.3/100 (20%)ADTRAN Holdings, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 23.4/100 (15%)ADTRAN Holdings, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 77.7/100 (15%)ADTRAN Holdings, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)ADTRAN Holdings, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ADTN.
Score Composition
Financial Data
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How is the ADTN UQS Score Calculated?
The UQS (Unified Quality Score) for ADTRAN Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses ADTRAN Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether ADTRAN Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.