Adtran Networks SE (ADV.DE)

Adtran Networks SE (ADV.DE) — VMCI valuation read

Adtran Networks SE (ADV.DE) carries a VMCI composite of 45/100, 6 points below the Technology sector median of 50. Among mid-cap names, that gap places ADV.DE in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The ADV.DE insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads ADV.DE trades at 26.0x earnings, 44% above the Technology median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Technology 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Technology median (10.0%). Risk: net debt to EBITDA of 2.3x is the rate-sensitivity line to watch, the line to track on Adtran Networks SE's next 10-Q.

ADV.DE fell 0.9% over the trailing 7 days, with a -20.9% read on a 30-day basis.