Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025

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7. Adtran Holdings Inc (NASDAQ:ADTN)

Number of Hedge Fund Holders In Q3 2024: 20

Adtran Holdings Inc (NASDAQ:ADTN) is a networking and communications company.

The stock is up significantly so far this year as ADTRAN collaborated with BT Group on Europe’s first successful field trial of its Coherent 100ZR pluggable transceiver. It ended up achieving a record spectral efficiency of up to 6.5 bits/s/Hz and reduced energy consumption.

Also, investors are pricing in improved financials after the company reported a 56% year-over-year revenue growth in 2024. Many analysts have upped their price targets and institutional investors have bought in, especially as Buy America-compliant products make it a key beneficiary of the $42.5 billion BEAD program.

The consensus price target of $12.75 implies 8.33% upside.

ADTN stock is up 42.02% year-to-date.

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