Adtran Inc Stock Price, News & Analysis

Adtran, Inc. (NASDAQ: ADTN) announced that Finnish altnet Fibernet has chosen its 10G Fiber Access Platform to construct a scalable XGS-PON network aimed at connecting 50,000 customers. Utilizing innovative fiber trenching technology, Fibernet's approach promises faster network deployment to meet growing demand for high-bandwidth internet services in Finland. The partnership leverages Adtran’s reliable solutions to enhance broadband offerings, supporting services like IPTV and telehealth.

ADTRAN, a leading provider of next-generation networking solutions, will present at the Cowen 50th Annual Technology, Media & Telecom Conference on June 1, 2022, at 4:30 PM ET in New York City. The presentation will cover company performance and industry trends that may impact the market. A live webcast of the event will be available here. ADTRAN emphasizes its commitment to advancing global networking through innovative solutions that connect people, places, and things.

ADTRAN reported its Q1 2022 financial results, revealing revenue of $154.5 million, a 21% year-over-year growth. The company incurred a net loss of $1.1 million, translating to a loss of $0.02 per share. In contrast, non-GAAP net income reached $9.9 million, with a non-GAAP EPS of $0.20 when excluding certain expenses. Fiber access platforms led growth with a remarkable 61% increase. The board declared a quarterly cash dividend of $0.09 per share, payable on June 2, 2022.

ADTRAN, Inc. (NASDAQ: ADTN) will release its financial results for Q1 2022 after the market closes on May 4, 2022. A conference call is scheduled for May 5, 2022, at 9:30 a.m. Central Time to discuss the results. Investors can access the conference via the company's Investor Relations site. A replay and transcript will be available post-call for a minimum of 12 months. ADTRAN focuses on connecting people through innovative technologies, enhancing service delivery for communications providers worldwide.

Adtran, Inc. (NASDAQ: ADTN) announced that Twin Lakes Telephone Cooperative has upgraded its fiber network using the Adtran 10G fiber access platform with Combo PON technology. This enhancement allows Twin Lakes to deliver ultrafast internet speeds to rural communities in Tennessee, supporting local businesses and attracting new industries. The transition from a 1G infrastructure to multi-gigabit services aims to meet increasing broadband demand and improve connectivity for residents and businesses alike.

Adtran, Inc. (NASDAQ:ADTN) has launched its Broadband Partner Program, aimed at helping partners tap into new federal funding for broadband infrastructure. This program is designed for reseller partners targeting alternative service providers, including electric utilities and ISPs. With the broadband industry witnessing significant investments, the program provides essential resources, sales support, and marketing tools to enhance partner competitiveness and revenue growth. Adtran emphasizes its commitment to expanding broadband access across the U.S.

Adtran has announced that Patrick Foster, its Director of Channel Sales, has been recognized for the second consecutive year as a CRN Channel Chief. This accolade honors top IT channel executives who demonstrate exceptional leadership and innovation. Under Foster's guidance, Adtran achieved a 25% increase in its partner community and a double-digit revenue boost from key partners in 2021. Foster emphasized the importance of enhancing communication systems to better support partners, ultimately unlocking new revenue opportunities.

Adtran, a key player in open networking, announced that Deutsche Giga Access GmbH (DGA) has selected its SDX Series for scalable FTTH services in Northern Germany. DGA aims to deploy a Gigabit-capable network in Lower Saxony, enhancing broadband access for homes and businesses. Adtran's technology allows simultaneous operation of 1G and 10G services, reducing operational costs and improving customer satisfaction. This collaboration aligns with Europe's digital agenda, aiming to expand digital networks and services.

ADTRAN, a leader in multi-gigabit fiber solutions, has announced that StratusIQ, an ISP in Colorado Springs, will utilize the ADTRAN 10G fiber access platform with Combo PON technology. This partnership aims to enhance StratusIQ's broadband offerings, providing up to 10Gbps services to its customers and supporting network expansion in a competitive market. StratusIQ plans to leverage ADTRAN’s technology to improve its service efficiency and meet rising demand for symmetrical multi-gigabit internet as local businesses and residents increasingly adopt cloud services.