Adtran (ADTN -3.1%) guides on its Q2 call (webcast) for mid-to-high single-digit Q/Q revenue...

|By:, SA News Editor

Adtran (ADTN -3.1%) guides on its Q2 call (webcast) for mid-to-high single-digit Q/Q revenue growth. That's above a consensus for roughly flat growth relative to Q2's $162.2M. However, the telecom equipment maker also expects its gross margin to drop thanks to new orders, which translates into a bigger mix of chassis sales relative to higher-margin line card sales. That's not going over well following a 30% YTD gain (going into today).