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Rating: ADTN
Buy $21

Adtran, Inc. (NASDAQ: ADTN) reiterated to Buy with price target $21 by Needham

Thursday,  Jan 21, 2016  8:25 AM ET by Dave Ficere

Needham reiterated Adtran, Inc. (NASDAQ: ADTN) to Buy with price
target $21. Previously Needham rated Buy with price target $25 Adtran, Inc. (NASDAQ: ADTN) on 01/22/2015, when the stock price was $22.78.

Adtran Inc. is a leading global provider of networking & communications equipment, with an eighteen year history of profitability & a portfolio of more than one thousand four hundred solutions for use in the last mile of today's telecommunications networks. Widely deployed by both carriers & small & midsize businesses, Adtran solutions enable voice, data, video, and Internet communications across copper, fiber, & wireless network infrastructures. ADTRAN solutions are currently in use by every major U.S. service provider & many global ones, as well as by thousands of public, private and governmental organizations worldwide. It's product portfolio consists of different high-speed network access devices. In both service provider & enterprise networks, these products are used primarily in the last mile, or local loop, of the network, & in local area networks on the customer premises. The last mile is that segment of the network that connects end-user subscribers to a service provider?s closest facility.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.



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