Telecom equipment maker Adtran (ADTN +6.8%) is surging after reporting Q4 revenue of $175.3M...

|By:, SA News Editor

Telecom equipment maker Adtran (ADTN +6.8%) is surging after reporting Q4 revenue of $175.3M (+6% Y/Y) and EPS of $0.48, beating consensus by $0.6M and $0.01. Strong growth in Broadband Access and Internetworking revenue offset declining legacy product sales. During its earnings call this morning, Adtran guided for flat Q/Q revenue growth (consensus if for a small increase).

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