Adtran tumbles after unveiling $150 mln convertible bonds sale
** Shares of networking and communications provider Adtran Holdings ADTN.O down 15.9% at $8.78 on Tues ahead of planned capital raise
** ADTN shares on course for biggest one-day pct drop since Aug 6, 2024; about 7.9 mln shares have exchanged hands, nearly 9x their 10-DMA volume, per LSEG
** Huntsville, Alabama-based firm late Mon announced private offering of $150 mln 5-yr convertible bonds
** It intends to use net offering proceeds to repay a portion of outstanding borrowings under its credit agreement dated July 18, 2022
** Co also plans to use proceeds to pay cost of capped calls, derivative transactions employed to help mitigate dilution
** Through Mon, co had ~$836 mln market cap
** With move on the session, shares up ~5% YTD vs Nasdaq's .IXIC ~16% advance
** 4 of 8 analysts rate ADTN "buy" and 4 rate "hold"; median PT of $12 unchanged over the past three months, according to LSEG
Related Articles
September Fed Watch: A Policy Pivot That Could Make or Break the Bull Stock Market
TradingKey - The Fed’s September FOMC meeting is widely seen as locking in the first rate cut of 2025. Yet strategists at Morgan Stanley, JPMorgan, and Oppenheimer warn that as investors shift focus to slowing growth, a more cautious tone may replace bullish stock sentiment.
Meta Connect 2025: An Inflection Point for AR Wearables?
TradingKey - Meta Connect 2025 kicks off this Wednesday, and expectations couldn’t be higher.
Effects of Interest Rate Cuts: Impact of Fed's September Meeting on Crypto Market
The Fed’s rate cut decision is a major bullish catalyst for crypto — but it comes with uncertainty. Investors should understand the economic rationale behind the move and adjust strategies accordingly. Staying flexible, informed, and disciplined is key to thriving in crypto’s fast-moving environment
Japan Q2 GDP Commentary: Growth Revised Upward, Yen May Rise
TradingKey - On 8 September 2025, Japan released the revised Q2 GDP figures. The data showed that real GDP grew by 0.5% quarter-on-quarter, surpassing market expectations of 0.3% and the previous quarter’s 0% growth.
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
