Adtran Inc Stock Price, News & Analysis

ADTRAN (NASDAQ:ADTN) reported Q2 2021 revenue of $143.2 million with a net income of $5.1 million, leading to diluted earnings per share of $0.10. Non-GAAP figures showed net income of $8.1 million and earnings per share of $0.16, excluding specific expenses. Strong fiber access demand drove growth, particularly among Tier 3 regional operators in the U.S. and Europe, with a year-over-year increase of over 50%. Additionally, a cash dividend of $0.09 per common share was declared for shareholders of record as of August 19, 2021.

ADTRAN, Inc. (NASDAQ:ADTN) expands its Mosaic One platform to enhance cloud-delivered SaaS capabilities for service providers. The new suite includes three applications: Mosaic One Promote for targeted marketing, Mosaic One Care for customer support, and Mosaic One Operate for operational efficiency. This development positions ADTRAN as a comprehensive provider of fiber broadband solutions, enabling service providers to improve competitiveness and create new revenue streams. The applications offer unique insights into subscriber behavior and optimize service delivery.

ADTRAN, Inc. (NASDAQ: ADTN) will announce its Q2 2021 financial results after market close on August 4, 2021. A conference call to discuss the results will occur on August 5, 2021, at 9:30 a.m. Central Time. Investors can access the live webcast via the Investor Relations site, where a replay and transcript will also be available post-call. ADTRAN focuses on connecting people and services through innovative communications solutions, aiding global service providers in optimizing technology infrastructures.

ADTRAN, Inc. (NASDAQ:ADTN) has partnered with New Lisbon Broadband and Communications and Pennsylvania Telephone Company to enhance broadband services in rural Indiana and Pennsylvania using the TA5000 10G fiber access platform. This collaboration aims to modernize existing networks with Combo PON technology to provide high-speed internet. The companies are set to leverage existing fiber infrastructure to offer Gigabit-capable services to 70% of customers without new fiber installation, and plan to expand service reach over the next five years. This strategic move positions them competitively against larger providers.

ADTRAN, (NASDAQ:ADTN), a leading provider of multigigabit fiber access solutions, announced that its Combo PON technology has been adopted by over 100 operators globally since its launch in June 2020. This innovation allows seamless upgrades to 10G PON services while supporting existing GPON subscribers. Service providers report significant savings: 50% in capex, 66% in power, and 75% in space, along with 25% greater gigabit service coverage. Analysts predict Combo PON will dominate next-gen GPON OLT ports shipped worldwide in three years.

ADTRAN, a leader in broadband solutions, announced that Armstrong is utilizing its Total Access 5000 (TA5000) 10G fiber access platform with XGS-PON technology. This collaboration aims to enhance Armstrong's broadband services across six states, addressing the growing demand for higher bandwidth. With this upgrade, Armstrong can achieve symmetrical speeds of 10 Gbps both downstream and upstream, allowing for a more robust network. The deployment of Combo PON technology simplifies the upgrade from GPON, ensuring efficient service delivery to a diverse customer base.

ADTRAN, a provider of fiber broadband solutions, announced that Centre WISP is utilizing its Rural Digital Opportunity Fund (RDOF) Technical Assistance Planning Services to develop a new multigigabit fiber network in Central Pennsylvania. This initiative aims to enhance broadband accessibility in the region, addressing previous service limitations. Centre WISP’s fiber-to-the-home (FTTH) network will facilitate higher speeds and improved service to underserved communities. The collaboration aims to significantly elevate service capacity, benefitting both local residents and businesses.

ADTRAN, (NASDAQ:ADTN), announced that Patrick Foster, Director of Channel Sales, was named to CRN's 2021 Channel Chiefs list. This recognition highlights Foster's influence in the IT channel through strategic partnerships and innovative strategies. Foster's leadership played a key role in launching ADTRAN's Channel Partner Program, which aims to provide innovative communications solutions to enterprise and SMB customers. This acknowledgment comes as the company focuses on expanding its channel program to increase partner revenue and support business growth.

ADTRAN (NASDAQ:ADTN) and Senet, Inc. have partnered to provide carrier-grade LoRaWAN network services for IoT applications in enterprise and campus settings. The ADTRAN 7310-08 IoT Gateway is now certified for use with Senet’s cloud-based platform, facilitating rapid deployment and management of secure LoRaWAN connectivity. This collaboration aims to simplify IoT network resource planning and offers new business opportunities through Senet's Low Power Wide Area Virtual Network. The partnership allows businesses to leverage various IoT solutions to enhance operations and safety while ensuring scaling capabilities.