ADTRAN And ADVA Announce Combination Through All-Stock Transaction; ADTRAN Shareholders To Own ~54% And ADVA Shareholders To Own 46% Of Combined Co.
ADTRAN, Inc., (NASDAQ:ADTN) and ADVA (FSE: ADV) announced today the entry into a business combination agreement to combine the two companies and create a leading global, scaled provider of end-to-end fiber networking
Stocks That Hit 52-Week Highs On Friday
Before 10 a.m. ET on Friday, 175 companies set new 52-week highs.
Goldman Sachs Maintains Neutral on Adtran, Raises Price Target to $22
Goldman Sachs maintains Adtran (NASDAQ:ADTN) with a Neutral and raises the price target from $20 to $22.
Cowen & Co. Upgrades Adtran to Outperform, Announces $29 Price Target
Cowen & Co. analyst Paul Silverstein upgrades Adtran (NASDAQ:ADTN) from Market Perform to Outperform and announces $29 price target.
Earnings Scheduled For August 4, 2021
Companies Reporting Before The Bell
• UroGen Pharma (NASDAQ:URGN) is projected to report earnings for its second quarter.