With such low expectations in the telecom sector, vendors like ADTRAN (ADTN) which serve the market, also had low expectations for them, as evidenced by earlier reports from companies like F5 Networks (FFIV), which got crushed after its dismal numbers fell below estimates.
So when ADTRAN surprised with an earnings beat, the stock has been almost rewarded as much as F5 Networks was punished; rising from $18.55 on April 5 to trading at over $24.00 a share on June 7. F5 on the other hand was trading at $90.82 on April 4, and after its earnings report, plummeted to $73.21. It clawed its way back to $84.12 on May 30, and plunged again to $76.83 on...
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