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ADTRAN Holdings, Inc. - $ADTN STOCK NEWS

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ADTRAN Holdings, Inc. (NASDAQ: ADTN) is a key player in the global telecommunications landscape, headquartered in Huntsville, Alabama. The company is renowned for providing comprehensive networking and communications solutions, enabling seamless voice, data, video, and internet communications across diverse network infrastructures. ADTRAN Holdings operates through two primary segments: Network Solutions and Services & Support.

The Network Solutions segment encompasses hardware and software products that include access and aggregation, subscriber solutions, and optical networking solutions. These products empower communications service providers globally to manage and scale services efficiently. The Services & Support segment offers a robust portfolio of network implementation, support services, and cloud-hosted SaaS applications, which complement the product offerings and enhance the overall customer experience.

ADTRAN's technological prowess is evidenced by its recent achievements. The company, in collaboration with BT Group, conducted Europe’s first successful field trial of optical transport using its Coherent 100ZR pluggable transceiver. This innovation has set new benchmarks for spectral efficiency and energy consumption, demonstrating the potential for scalable and sustainable network solutions.

The company continues to innovate in the broadband access market. For instance, the deployment of its Mosaic One software-as-a-service (SaaS) platform with AI-driven insights by Colorado-based Commnet Broadband exemplifies ADTRAN's commitment to enhancing digital inclusion and delivering high-quality Wi-Fi to underserved communities.

ADTRAN Holdings is also committed to financial transparency and operational excellence. The company’s latest financial results reflect a strategic focus on improving operational efficiencies and market share, despite the economic uncertainties affecting the telecommunications sector.

Moreover, ADTRAN's commitment to sustainability and innovation is underscored by its continuous efforts to enhance network resilience and operational efficiency through solutions like the ALM fiber monitoring technology, which provides real-time insights into network integrity. This technology has been successfully deployed by several service providers, including TruVista and SUNET, enhancing their ability to deliver reliable high-speed broadband services.

Overall, ADTRAN Holdings continues to play a pivotal role in shaping the future of global telecommunications, driven by its innovative solutions and strategic partnerships.

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ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced its participation in the Northland Growth Conference on June 25, 2024. Company representatives will discuss ADTRAN's performance and industry trends. The conference will be held virtually.

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Adtran has joined the Luxembourg Internet eXchange (LU-CIX) community as a Gold Member, enhancing LU-CIX's digital infrastructure capabilities. This collaboration reinforces a longstanding partnership, with Adtran's FSP 3000 optical transport solution and ALM fiber monitoring platform playing key roles in expanding and stabilizing LU-CIX's network. LU-CIX, a significant European internet exchange, benefits from Adtran's energy-efficient technology, which aligns with its sustainability goals. The partnership aims to boost Luxembourg's status as a premier digital hub and improve network performance across Europe. Adva Network Security, part of Adtran, offers BSI-approved, quantum-resistant network security solutions, fortifying digital infrastructure against future threats.

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Adtran has introduced two new optical cesium atomic clocks: the OSA 3300 Super High-Performance (OSA 3300 SHP) and the OSA 3350 Super Enhanced Primary Reference Clock+ (OSA 3350 SePRC+). These devices aim to meet the growing demands for precise and reliable network time synchronization across various industries, from scientific research to critical infrastructure. The OSA 3300 SHP offers twice the Allan Deviation performance of its predecessor, making it ideal for metrology and scientific research. Meanwhile, the OSA 3350 SePRC+ ensures 100-nanosecond precision for up to 100 days, providing robust timing even when GPS/GNSS is unavailable. This reliability is important for mission-critical networks and defense operations. Adtran highlights these innovations amidst rising concerns over GPS vulnerabilities and increasing global tensions, positioning their new clocks as essential for secure and reliable network timing.

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ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced that it will participate in the Rosenblatt's 4th Annual Technology Summit: The Age of AI, on June 13, 2024. The virtual conference will see ADTRAN representatives discussing the company's performance and prevailing industry trends. This event provides an opportunity for investors to gain insights into ADTRAN's strategies and potential market impacts.

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SUNET is leveraging Adtran's ALM fiber monitoring solution to enhance the resilience and efficiency of its national backbone network. The ALM platform offers real-time insights into the quality of SUNET’s extensive 8,000km fiber infrastructure, enabling rapid detection and resolution of fiber issues. This deployment aims to reduce downtime, simplify network management, and minimize operational costs. The collaboration with NetNordic, a key partner, further supports the high-capacity network serving over 110 organizations and 750,000 users in Sweden's research and education community. The ALM technology also boosts sustainability through reduced truck rolls and lower power usage.

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Adtran celebrates the 75th anniversary of Oscilloquartz, highlighting its pivotal role in PNT network timing innovation.

Founded in 1949, Oscilloquartz has achieved notable milestones, including the introduction of the first optical cesium atomic clocks and advancements in synchronization technology for critical infrastructure.

The company also marks a decade since its acquisition by ADVA, which expanded its portfolio and global presence.

Key achievements include pioneering the first commercial magnetic cesium atomic clock and developing technology to enhance GPS/GNSS system resiliency.

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Adtran announced that TruVista has deployed its ALM fiber monitoring solution to enhance the reliability of its broadband services.

The ALM technology provides TruVista with real-time insights into their optical infrastructure, allowing for immediate detection and resolution of issues such as fiber breaks, bends, and damage.

This proactive monitoring reduces operational costs by minimizing truck rolls and optimizing network management.

TruVista, serving South Carolina and Georgia, benefits from Adtran's user-friendly and efficient ALM system, ensuring robust and secure broadband connectivity for its subscribers.

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ADTRAN Holdings, Inc. reported its first quarter 2024 financial results, showcasing Q1 revenue above mid-point guidance and non-GAAP profitability in line with guidance. The company saw a $53 million sequential improvement in GAAP operating cash flow. The GAAP gross margin for Q1 was 31.9%, representing an improvement of 484 bps year-over-year but a decrease of 285 bps quarter-over-quarter. Non-GAAP gross margin was 41.6%, a decline of 33 bps sequentially and an improvement of 429 bps year-over-year. Despite a negative GAAP operating margin due to a non-cash goodwill impairment charge, the non-GAAP operating margin was within the guidance range. The Company reported a GAAP net loss of $324.6 million and a non-GAAP net loss of $1.7 million for Q1 2024.

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Adtran and GLDS have integrated GLDS's BroadHub® customer management and billing system with Adtran's Mosaic CP and SDX Series of optical line terminals (OLTs) to enhance broadband service billing and management. The collaboration aims to streamline operations, enable rapid responses to customer needs, and improve service capabilities for service providers globally. The partnership promises advanced scalability for growing networks and real-time data analytics for enhanced service management.

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Adtran announced that a leading Canadian hydropower producer upgraded its timing network with Adtran's Oscilloquartz optical cesium clock for increased precision, reliability, and resilience. The solution addresses the need for protection against GNSS cyberattacks, offers centralized control, and seamless support for legacy services. The deployment enhances cybersecurity, stability, and security of the energy supply across Canada and the US.

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FAQ

What does ADTRAN Holdings, Inc. specialize in?

ADTRAN Holdings, Inc. specializes in providing comprehensive networking and communications solutions, including hardware, software, network implementation, and support services.

What are the main segments of ADTRAN's business?

ADTRAN operates through two main segments: Network Solutions, which includes access & aggregation, subscriber solutions, and optical networking solutions, and Services & Support, which offers network implementation, support services, and cloud-hosted SaaS applications.

What recent innovation has ADTRAN been involved in?

ADTRAN, together with BT Group, conducted Europe’s first successful field trial of optical transport using its Coherent 100ZR pluggable transceiver, setting new benchmarks for spectral efficiency and energy consumption.

How is ADTRAN contributing to digital inclusion?

ADTRAN is enhancing digital inclusion through solutions like its Mosaic One SaaS platform, which Commnet Broadband is leveraging to provide high-quality Wi-Fi to underserved communities in the American Southwest.

What financial strategy is ADTRAN pursuing?

ADTRAN is focusing on improving operational efficiencies and market share, as evidenced by their latest financial results and strategic initiatives despite economic uncertainties.

How does ADTRAN ensure network resilience?

ADTRAN ensures network resilience through technologies like the ALM fiber monitoring solution, providing real-time insight into network integrity and enabling proactive issue resolution.

Which companies have recently deployed ADTRAN's ALM technology?

Companies like TruVista in South Carolina and SUNET in Sweden have recently deployed ADTRAN's ALM technology to enhance their network reliability and operational efficiency.

What is the significance of ADTRAN's partnership with BT Group?

The partnership with BT Group is significant as it highlights ADTRAN's ability to deliver scalable and energy-efficient solutions like the Coherent 100ZR transceiver, which is crucial for sustainable network upgrades.

What is ADTRAN's role in the broadband access market?

ADTRAN plays a crucial role in the broadband access market by providing innovative solutions that enable service providers to manage and scale their services, thereby enhancing connectivity and digital inclusion.

Where is ADTRAN Holdings, Inc. headquartered?

ADTRAN Holdings, Inc. is headquartered in Huntsville, Alabama.

ADTRAN Holdings, Inc.

Nasdaq:ADTN

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418.53M
64.49M
1.58%
92.25%
4.63%
Telephone Apparatus Manufacturing
Manufacturing
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United States of America
HUNTSVILLE