Adtran Inc Stock Price, News & Analysis

ADTRAN, Inc. (NASDAQ: ADTN) announced that OzarksGo is utilizing its solutions to enhance its fiber network and subscriber reach. By employing the ADTRAN Total Access 5000 (TA5000) 10G fiber access platform and Combo PON technology, OzarksGo aims to deliver premium internet services across rural Oklahoma and Arkansas. The implementation is expected to increase subscriber numbers by 800 per month, driven by demand for high-speed internet in various sectors, including agriculture and manufacturing. This partnership showcases ADTRAN's robust broadband technology and commitment to improving connectivity.

ADTRAN, Inc. (NASDAQ: ADTN) announced that Tavistock Development Company is utilizing its Total Access 5000 (TA5000) 10G fiber access platform to provide Florida's first 10 Gbps broadband services in the Sunbridge community. Over the next decade, up to 10,000 residents will benefit from this high-performance broadband network, which caters to rising demands for digital connectivity. This innovative approach aims to create a unique living environment that integrates natural surroundings with advanced technology.

ADTRAN, a leading provider of networking solutions, announced it will present at the Cowen 49th Annual Technology, Media & Telecom Conference on June 2, 2021, at 9:10 AM ET. The presentation will cover company performance and industry trends impacting ADTRAN's business. Interested parties can access the live webcast here. The discussion may contain forward-looking statements, which involve risks and uncertainties. For further details, visit ADTRAN's official website.

ADTRAN, Inc. (NASDAQ:ADTN) reported its financial results for Q1 2021, with revenues of $127.5 million and net income of $0.9 million, resulting in earnings per share (EPS) of $0.02. Adjusted non-GAAP net income reached $6.3 million, translating to a non-GAAP EPS of $0.13. The company's CEO highlighted robust demand for fiber access and software platforms, noting record order bookings. Additionally, a quarterly cash dividend of $0.09 per share was declared, payable on June 3, 2021, to shareholders of record by May 20, 2021.

ADTRAN, Inc. (NASDAQ:ADTN) announced that PAC Fiber is utilizing its 10G fiber access platform with Combo PON technology to enhance broadband services in rural Georgia. This initiative addresses the lack of reliable internet access in the area, particularly benefitting local farms and students. The deployment supports multi-gigabit services, allowing PAC Fiber to expand its network capacity efficiently. ADTRAN's Combo PON technology offers significant energy cost savings while maintaining high service quality, thus facilitating community growth and improved connectivity.

ADTRAN, Inc. (NASDAQ:ADTN) announced that Talk Straight is utilizing the ADTRAN MetNet 60G solution to enhance Gigabit broadband access in rural UK areas. This initiative addresses the digital divide impacting 190,000 properties and 880,000 children reliant on mobile internet. The successful proof of concept has led Talk Straight to formalize plans for broader deployment, potentially boosting revenues. ADTRAN's 60GHz technology is praised for its cost-effective and efficient implementation, supporting diverse customer needs including residential and business sectors.

ADTRAN, a prominent provider of connectivity solutions, unveiled its new LoRaWAN IoT Gateway, designed to enhance enterprise IoT initiatives. This compact gateway facilitates seamless integration of various applications, including asset tracking and equipment monitoring. According to industry projections, the installed base of IoT devices across sectors is expected to surpass 30 billion by 2030.

ADTRAN's solution is characterized by its ease of deployment and can be powered via Power over Ethernet (PoE), reducing infrastructure requirements. This innovation aims to support businesses in expanding their revenue streams through scalable IoT solutions.

ADTRAN, Inc. (NASDAQ: ADTN) will announce its Q1 2021 financial results after the market closes on May 5, 2021. A conference call to discuss these results is scheduled for May 6, 2021, at 9:30 a.m. CT. Investors can access the webcast via the Investor Relations site approximately 10 minutes before the call. An online replay and transcript will be available for at least 12 months following the event.