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ADTN

ADTRAN, Inc.

5/21/2013, 8:25 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 16, 10:49 AM Plenty of Cisco rivals and suppliers are now rallying in response to the company's FQ3 beat, guidance, and order activity: JDSU +5.2%. RKUS +5.8%. CAVM +4.8%. PKT +2.9%. ADTN +2.6%. ALLT +1.9%. FN +2%. FNSR +2.4%. BRCM +1.3%. MRVL +1.6%. (previous) Comment! [Tech, On the Move]
Thursday, April 25, 10:17 AM A Q1 beat and strong 2013 guidance lead Infinera (INFN +22.8%) to surge to 52-week highs. Industry peers are up in sympathy, a day after many declined thanks to AT&T: CIEN +3%. FNSR +2.8%. JDSU +1.5%. ADTN +2.2%. CALX +1.5%. On its earnings call, Infinera guided for Q2 revenue of $130M-$140M and EPS of -$0.04 to $0.01, above a consensus of $124.3M and -$0.05. Gross margin (an issue going in) is expected to rise to 37%-39% from Q1's 36%. 2013 revenue growth is now pegged at the the high end of a guidance range of 10%-20% (consensus is 17%). Purchase commitments for the advanced DTN-X optical transmission system grew by 6 to 27. Needham has upgraded shares to Buy. Comment! [Tech, Earnings, On the Move]
Tuesday, April 23, 7:56 PM Telecom equipment and optical component makers fall in AH trading in response to Juniper's revenue miss and light Q2 guidance, and (in what's arguably the bigger news) AT&T's $2B/year capex budget cuts for 2014 and 2015. CSCO -1.8% AH. CIEN -2.5%. RVBD -1.4%. JDSU -3.4%. FNSR -1.3%. TLAB -1.6%. Many of these companies had surged last November when AT&T set lofty 2014/2015 capex targets. Other names that could fall tomorrow: INFN. FN. OPLK. CALX. ADTN. 1 Comment [Tech, On the Move]
Wednesday, April 10, 11:04 AM Adtran's (ADTN +13%) Q1 beat is contributing to strong gains in telecom equipment, chip, and component stocks, as investors take it as another sign of improving telecom capex going into earnings season. Adtran's remarks about strong demand from both U..S. and international carriers can't be hurting. CSCO +2.5%. CIEN +6.4%. JDSU +4.6%. ALU +4.6%. FN +4.8%. FNSR +6%. PKT +4.2%. RKUS +4.2%. JNPR +3.9%. CAVM +3%. INFN +2.9%. OCLR +4%. SONS +2.5%. 2013 has seen a string of rallies (I, II, III) tied to capex hopes. Comment! [Tech, On the Move]
Wednesday, April 10, 9:10 AM Premarket gainers: ADTN +8%. PPHM +6%. NJ +6%.
Losers: TITN -18%. HMA -14%. SGYP -13%. RLGY -6%. GRA -5%. Comment! [On the Move]
Wednesday, April 10, 1:02 AM ADTRAN, Inc. (ADTN) declares $0.09/share quarterly dividend, in line with previous. Forward yield 1.83%. For shareholders of record Apr. 25. Payable May 09. Ex-div date Apr. 23. (PR) Comment! [Dividends]
Wednesday, April 10, 12:57 AM ADTRAN (ADTN): Q1 EPS of $0.17 beats by $0.06. Revenue of $143M beats by $3.2M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, April 9, 12:05 AM Notable earnings after Tuesday’s close: ADTN, PSMT 1 Comment [Earnings]
Monday, April 8, 5:30 PM Notable earnings after Tuesday’s close: ADTN, PSMT Comment! [Earnings]
Thursday, March 21, 2:14 PM Telecom equipment/optical component names underperform following FBR's Cisco/Juniper downgrades, as investors mull the impact of lower demand for switches/routers among service providers and enterprises on demand for complementary hardware and the parts that go into it. Given software-defined networking (the main reason for FBR's downgrade) will have a limited impact on hardware use on many carrier networks, is the Street overreacting? JDSU -4.2%. FNSR -3.3%. CIEN -3.8%. ADTN -3.1%. ALU -2.7%. ADTN -3.1%. SONS -4.7%. INFN -2.6%. FFIV -2.3%. Comment! [Tech, On the Move]
Thursday, March 7, 10:11 AM It's rally time for telecom equipment and optical component makers, as the Street sees positive implications in Ciena's FQ1 beat and respectable FQ2 guidance for service provider capex. JDSU +6.2%. JNPR +4%. FNSR +4.5%. INFN +5.1%. ADTN +2.5%. RVBD +1.7%. FFIV +2.3%. CALX +2.1%. OCLR +5.7%. OPLK +2.7%. EXFO +4.5%. Comment! [Tech, On the Move]
Thursday, January 31, 10:51 AM Just about anyone competing with JDS Uniphase (JDSU +17.7%) in a major way is higher after the optical component/test equipment firm beat FQ2 estimates and issued healthy FQ3 guidance. FNSR +10.8%. OCLR +10.5%. NPTN +4.3%. OPLK +4.7%. EXFO +6.6%. XXIA +1.9%. Telecom equipment makers are also up, lifted by both JDS and Ericsson's results: INFN +4.4%. CIEN +6.4%. ADTN +2.7%. JNPR +2.6%. PKT +3.6%. ALLT +3.2%. JDS mentioned on its earnings call "recent announcements and customer dialogue" bode well for 2013 telecom capex. Comment! [Tech, On the Move, Earnings]
Thursday, January 17, 2:03 PM A day after rallying thanks to favorable Q1/2013 guidance to go with its Q4 report, Adtran (ADTN -4%) is lower following a downgrade to Sell from UBS. The firm has made some accurate calls about telecom equipment names in the past. Comment! [Tech, On the Move]
Wednesday, January 16, 11:26 AM Adtran (ADTN +4.7%) opened lower in response to its Q4 report, but has shot higher after guiding on its call for Q1 revenue to be similar to Q4 levels, and for the company to grow in 2013 as regulatory issues (presumably related to U.S. broadband spending). Analysts currently expect Q1 revenue to be down fractionally Q/Q, and for 2013 revenue to be roughly flat with 2012 levels. CIEN +3.8%. Comment! [Tech, Earnings, On the Move]
Wednesday, January 16, 7:53 AM ADTRAN, Inc. (ADTN) declares $0.09/share quarterly dividend, in line with previous. Forward yield 1.72%. For shareholders of record Feb. 07. Payable Feb. 21. Ex-div date Feb. 05. (PR) Comment! [Dividends]
Wednesday, January 16, 6:05 AM Adtran (ADTN): Q4 EPS of $0.11 beats by $0.05. Revenue of $139.7M (-20% Y/Y) misses by $0.09M. (PR) Comment! [Earnings, Tech, Breaking News]