The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

ADV.DE

Concerning the House

Adtran Networks SE develops, manufactures, and sells optical and Ethernet-based networking solutions for telecommunications carriers and enterprises. It provides its solutions to deliver data, storage, voice, and video services. The company offers open optical networking products, such as open line systems, optical terminals, pluggable optics, management and control, and ALM fiber monitoring; access and aggregation switches and routers, optical line terminals, network management and automation, cabinets and enclosures, and ALM PON monitoring; residential, business, and wholesale subscriber solutions; and automation and insight solutions comprising management and orchestration, and network and subscriber insights. It also provides network infrastructure assurance which includes ALM fiber and PON monitoring; timing and synchronization; and global, consulting and education, deployment, cloud and software, support, and training services. In addition, the company offers cloud interconnect solutions, including DWDM optics, secure data transport, thin transponders, and MicroMux Quattro; and optical networking solutions that include purpose-built plugs and intelligent control. It serves Altnets, Cable MSOs, municipal broadband solutions, telcos, and utilities industries. The company operates in Germany, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company was formerly known as ADVA Optical Networking SE and changed its name to Adtran Networks SE in June 2023. The company was founded in 1994 and is headquartered in Munich, Germany. Adtran Networks SE operates as a subsidiary of ADTRAN Holdings, Inc.

Germany · www.adtran.com

The Ledger
LineJun 2025
Revenue$109.74M
Gross profit$36.00M
Operating income-$9.99M
Net income-$15.20M
Diluted EPS-0.29
Quotation

$23.20

-0.10 (-0.4%)

52w hi$23.40
52w lo$20.33
Vol4.50K
As ofAug 13
The Verdict

Hold

Our score -0.05

Short-0.01
Medium+0.12
Long-0.48

computed 2026-08-13

By the Numbers

Adtran Networks SE

Technology · Communication Equipment

Market cap$1.21B
Enterprise value$1.21B
Trailing P/E178.46x
Forward P/E464.00x
EV / EBITDA99.40x
P / S (ttm)2.51x
Profit margin-4.5%
Return on equity-5.6%
Revenue growth+17.1%
Earnings growth
Debt / equity11.59
Risk Metrics
Beta vs SPX0.01
Corr SPX0.03
Annual vol5.1%
Annual ret+9.1%
Sharpe1.79
Max DD-2.4%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental-0.17
Sector+0.15
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$23.20$23.30$23.10$23.204.50K
Aug 12$23.10$23.30$23.10$23.305.85K
Aug 11$23.20$23.30$23.20$23.305.57K
Aug 10$23.40$23.40$23.20$23.407.75K
Aug 7$23.20$23.30$23.20$23.3019.86K