ADTN
ADTRAN, Inc.NASDAQ
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  • Wed, Oct. 19, 5:42 AM
    | Wed, Oct. 19, 5:42 AM
  • Tue, Oct. 18, 10:27 PM
    • ADTRAN (NASDAQ:ADTN): Q3 EPS of $0.26 beats by $0.05.
    • Revenue of $168.89M (+6.8% Y/Y) beats by $6.36M.
    • Shares -0.5% AH.
    • Press Release
    | Tue, Oct. 18, 10:27 PM
  • Mon, Oct. 17, 5:35 PM
    | Mon, Oct. 17, 5:35 PM | 9 Comments
  • Wed, Sep. 14, 2:22 PM
    • ADTRAN (ADTN +0.3%) today said it's acquired active fiber access product lines from units of CommScope (COMM +0.3%), boosting its solutions platform for cable providers.
    • Keys to the deal are acquisition of EPON and 10G-EPON lines (including infrastructure and on-premises equipment) and the Radio Frequency over Glass product line, which will help ADTRAN in getting high-bandwidth service to rural and greenfield developments.
    • CommScope says the move increases its focus as well. “CommScope will continue providing passive PON solutions to the MSO and service provider market, including its optical closures, optical terminals and drops, and other passive accessories, along with its robust portfolio of innovative fiber-to-the-home offerings," says Jim Hughes.
    | Wed, Sep. 14, 2:22 PM
  • Thu, Jul. 14, 3:00 PM
    | Thu, Jul. 14, 3:00 PM | 1 Comment
  • Wed, Jul. 13, 6:07 AM
    • ADTRAN (NASDAQ:ADTN) declares $0.09/share quarterly dividend, in line with previous.
    • Forward yield 1.82%
    • Payable Aug. 11; for shareholders of record July 28; ex-div July 26.
    | Wed, Jul. 13, 6:07 AM
  • Wed, Jul. 13, 6:01 AM
    • ADTRAN (NASDAQ:ADTN): Q2 EPS of $0.25 beats by $0.05.
    • Revenue of $162.7M (+1.6% Y/Y) beats by $0.27M.
    • Press Release
    | Wed, Jul. 13, 6:01 AM
  • Mon, Jul. 11, 5:35 PM
  • Wed, Apr. 13, 5:48 AM
    • ADTRAN (NASDAQ:ADTN) declares $0.09/share quarterly dividend, in line with previous.
    • Forward yield 1.89%
    • Payable May 12; for shareholders of record April 28; ex-div April 26.
    | Wed, Apr. 13, 5:48 AM
  • Wed, Apr. 13, 5:45 AM
    • ADTRAN (NASDAQ:ADTN): Q1 EPS of $0.14 beats by $0.06.
    • Revenue of $142.2M (-0.4% Y/Y) beats by $1.13M.
    | Wed, Apr. 13, 5:45 AM
  • Mon, Apr. 11, 5:35 PM
  • Thu, Mar. 3, 10:34 AM
    • In addition to missing FQ1 sales estimates (while beating on EPS), Ciena (CIEN -20.6%) is guiding for FQ2 revenue of $615M-$645M, mostly below a $644.6M consensus. The company also used its earnings call to lower its FY16 (ends Oct. '16) revenue growth guidance to 5-8% from 8%-9%; consensus is for 8.4% growth.
    • Fellow optical networking hardware firms Infinera (INFN -4.7%) and Adtran (ADTN -2.5%) are also lower. As are optical component firms NeoPhotonics (NPTN -9%), Fabrinet (FN -2.4%), Oclaro (OCLR -3.1%), and Lumentum (LITE -2.1%). NeoPhotonics jumped yesterday in response to strong earnings/guidance; Fabrinet and Oclaro did the same in February.
    • Ciena reports seeing "some recent volatility in the broader macroeconomic environment." On the call, the company mentioned its EMEA sales are soft, and that it's making changes to deal with the issue.A strong dollar is also cited as a headwind. Ciena nonetheless expects to post above-market growth outside of EMEA.
    • Ciena's top-line performance: Networking platforms revenue (packet-optical systems, optical transport systems, and Ethernet switches) rose 9% Y/Y in FQ1 to $449.5M. Software and software-related service revenue (inc. the Blue Planet SDN platform) rose 8% to $25.4M. Global services revenue rose 7% to $98.2M. One customer (AT&T?) accounted for 22% of revenue, and the U.S. overall accounted for 63.7% of revenue.
    • Financials: Adjusted gross margin was 44.7% vs. 44.9% in FQ4 and 44.1% a year ago; GM is expected to be in the mid-40s once again in FQ2. Controlled spending helped adjusted op. margin rise 150 bps Y/Y to 8.3%. Ciena ended FQ1 with $995M in cash and $1.26B in long-term debt.
    • JPMorgan is defending Ciena: The firm considers the FY16 revenue guidance cut reasonable given macro pressures, and thinks shares don't deserve to sell off more than a few percent. (source: Notable Calls)
    • Ciena's FQ1 results, earnings release
    | Thu, Mar. 3, 10:34 AM | 1 Comment
  • Thu, Feb. 4, 12:12 PM
    • Believing AT&T's G.Fast high-speed DSL project and CAF-II funded broadband projects will act as growth drivers, Cowen has upgraded Adtran (NASDAQ:ADTN) to Market Perform, and hiked its target by $2 to $16 (still $3 below current levels).
    • Cowen: "Our Market Perform rating is driven by ADTN's market position which we believe is turning a corner, driven by an increasing product mix of next generation DSL solutions; an improving gross margin outlook driven by U.S. CAF-II funded rollouts; In addition to CAF-II funded projects, we view AT&T's G.Fast project as driving incremental revenue growth opportunity."
    • The firm adds the higher speeds enabled by G.Fast could also boost demand for Adtran hardware used to aggregate last-mile traffic. 2017 revenue and EPS estimates have respectively been hiked by $41M and $0.04 to $671M and $0.95, putting them above a consensus of $650.1M and $0.79.
    • Needham upgraded Adtran two weeks ago, after the company posted a Q4 beat and issued somewhat soft Q1 guidance. Sifel and MKM upgraded prior to earnings.
    • Prior Adtran coverage
    | Thu, Feb. 4, 12:12 PM
  • Thu, Jan. 21, 12:15 PM
    • "We believe ADTN is well positioned to benefit from what we see as a multi-year ramp in broadband spending by [North American] carriers as they benefit from multiple phases of the [FCC] CAF 2 program, ramp of significant new programs already won and a generally more aggressive spending stance by [North American] telcos as they deal with competition from cable MSOs and Google, among others," writes Needham's Richard Valera, upgrading Adtran (ADTN +1.2%) to Buy. His target is $21, or 15x estimated 2017 EPS ex-cash.
    • Valera also thinks Adtran delivered solid Q4 results on the back of North American broadband access strength, and notes the telecom equipment vendor provided bullish commentary regarding 2016 North American demand.
    • Adtran briefly sold off yesterday amid a market plunge after providing cautious Q1 guidance (on its earnings call) to go with a Q4 beat. However, shares followed markets higher in the afternoon, and closed up 1.8%. They're adding to their gains today amid a 1.3% Nasdaq gain.
    • Stifel and MKM upgraded Adtran two weeks ago; CAF Phase II projects and opportunities with CenturyLink and AT&T were among the factors cited.
    | Thu, Jan. 21, 12:15 PM
  • Wed, Jan. 20, 12:42 PM
    • Though it beat Q4 estimates, Adtran (NASDAQ:ADTN) guided on its earnings call for Q1 revenue to be flat to up slightly Q/Q. Consensus is for revenue to rise 2% Q/Q to $141.2M. Shares have sold off on a  day the Nasdaq is down 3.5%.
    • Cost controls lifted Q4 EPS: GAAP SG&A spend fell by $1.5M Y/Y to $30.3M, and R&D spend by $3.4M to $29.3M. Also helping: Gross margin was 44.9%, up 40 bps Q/Q and better than guidance for a Q/Q drop. On a Y/Y basis, GM fell 270 bps.
    • CEO Tom Stanton: "Revenue in [Q4] came in better than expected, driven by growth in our U.S. Tier 1 and Tier 2 carrier business. Compared to the same period last year, Q4 domestic revenue was up over 20% due to a significant increase in our broadband sales. Additionally, improved gross margins and lower operating expenses helped us achieve better than expected operating income. We expect further improvement in the carrier environment as customers accelerate investments in upgrading their network infrastructure."
    • Adtran's Q4 results, earnings release
    | Wed, Jan. 20, 12:42 PM
  • Tue, Jan. 19, 10:44 PM
    • ADTRAN (NASDAQ:ADTN) declares $0.09/share quarterly dividend, in line with previous.
    • Forward yield 2.05%
    • Payable Feb. 18; for shareholders of record Feb. 4; ex-div Feb. 2.
    | Tue, Jan. 19, 10:44 PM