Adtran plunges on soft Q4 guidance; peers also selling off


Adtran (ADTN -13.3%) guides on its Q3 CC for Q4 revenue to drop by a high single-digit to low-teen percentage Q/Q; that's worse than a consensus for a 7% decline.

Shares have nosedived on the guidance after trading higher earlier today in response to the telecom equipment vendor's Q3 beat.

Several other telecom equipment firms are also seeing sizable declines on a down day for tech, as are some component/chip suppliers. CIEN -4.3%. JDSU -3.9%. FNSR -4.5%. JNPR -2.8%. AMCC -3.8%. DRWI -4.7%. RVBD -3.3%.

Comments (1)
  • bitterwind
    , contributor
    Comments (161) | Send Message
     
    Bloody late post. Alot of good it does.
    9 Oct 2013, 12:29 PM Reply Like
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