Adtran Delays Q1 Form 10-Q Filing

Adtran ( (ADTN) ) has released a notification of late filing.

Adtran Holdings, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the need to restate its financial statements for Fiscal 2024 and the 2024 Interim Periods due to identified material weaknesses in internal controls over financial reporting. The company is working diligently to file the restatements and the Q1 Form 10-Q within the extension period provided under Rule 12b-25. Adtran does not expect significant changes to the financial information presented in its Preliminary Earnings Release. The company is committed to addressing these issues and ensuring compliance, as indicated by the signature of Timothy Santo, Chief Financial Officer, on the notification.

The most recent analyst rating on (ADTN) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Adtran stock, see the ADTN Stock Forecast page.

Spark’s Take on ADTN Stock

According to Spark, TipRanks’ AI Analyst, ADTN is a Neutral.

Adtran’s overall score reflects significant financial challenges, including declining revenue and zero equity, which raise concerns about the company’s stability. While recent earnings calls and corporate events show some positive developments in revenue and cash flow, persistent operational inefficiencies and negative valuation metrics weigh heavily on the stock’s outlook. Technical indicators also suggest caution, with no clear bullish momentum.

To see Spark’s full report on ADTN stock, click here.

More about Adtran

Average Trading Volume: 1,146,253

Technical Sentiment Signal: Sell

Current Market Cap: $664.5M

Learn more about ADTN stock on TipRanks’ Stock Analysis page.