According to @stocktalkweekly, B. Riley initiated coverage on ADTRAN (ADTN) with a Buy rating and a $16 price target, citing demand recovery after the 2023–2024 inventory correction and particularly strong European momentum, which are expected to support near-term revenue and share gains; source: B. Riley via @stocktalkweekly. B. Riley highlighted ADTRAN’s July 2022 acquisition of ADVA, which doubled total addressable market from $7B to $14B, positioning the company to leverage both access and optical product lines for cross-selling and market-share capture; source: B. Riley via @stocktalkweekly. The firm expects European service providers’ pivot away from Huawei to open incremental share opportunities for ADTRAN as one of the few turnkey communications equipment suppliers, reinforcing the growth outlook; source: B. Riley via @stocktalkweekly. Management plans to strengthen the balance sheet through sales of certain real estate and the Timing/Synchronization business, and improving profitability should enhance flexibility to retire minority share liability, addressing a noted overhang on the shares; source: B. Riley via @stocktalkweekly. The note does not reference cryptocurrencies or blockchain, indicating no direct crypto market impact is identified in this coverage initiation; source: B. Riley via @stocktalkweekly.