Adtran Inc Stock Price, News & Analysis

ADTRAN, Inc. has appointed Todd Gandy as the head of its expanded federal and state government initiatives. Gandy’s team will focus on providing agile and secure network solutions to address the growing demands of federal agencies amid digital modernization. ADTRAN aims to assist in improving employees’ digital experiences while aligning with the Made in America initiative. The federal sales team will initially target solutions like routers, switches, and Wi-Fi to enhance connectivity and support rapid deployments.

ADTRAN, Inc. (NASDAQ:ADTN) has launched the TA5004 Micro-Cabinet, a compact fiber access platform designed for rural areas. This flexible 10G solution aims to reduce costs for service providers while enhancing broadband access in low-density regions. The platform, featuring integrated cooling and remote powering, supports service extensions up to 60km and operates with minimal maintenance. The TA5004 expands ADTRAN's portfolio addressing rural service provider needs, responding to increasing funding for rural gigabit coverage and the demand for better connectivity.

ADTRAN, a leading provider of open networking solutions, has joined BUGLAS, the German fibre optic association. This membership enhances ADTRAN's connection with local alternative networks (altnets) in Germany, facilitating collaboration on regulatory and technological developments. With over 20 years of FTTH expertise, ADTRAN aims to support altnets in building competitive fibre broadband networks aligned with European connectivity goals. The company connects about one in three German homes and businesses, hosting a webinar on March 23 to share strategies for achieving sustainable broadband.

ADTRAN, a leader in multi-gigabit fiber broadband solutions, announces that TruVista Communications will use its technology to enhance broadband services in rural South Carolina. TruVista, an RDOF winning bidder, aims to meet local demand for reliable internet by leveraging ADTRAN's 10G fiber access platform and Mosaic cloud software. This partnership is expected to support remote work, education, and economic growth in the area, which services 20,000 subscribers. The ADTRAN Total Access 5000 platform is noted for its high density and is crucial for expanding broadband access.

ADTRAN, Inc. (NASDAQ:ADTN) announced that Openreach has activated its first live subscriber using the ADTRAN SDX series fibre access and Mosaic Cloud network automation platforms. Openreach aims to connect 20 million homes with gigabit-capable Full Fibre broadband by the mid-to-late 2020s. This partnership allows Openreach to deliver faster connectivity to 42,000 locations weekly. The collaboration signifies a rapid integration of advanced technologies to enhance service delivery. Openreach supports over 660 retail carriers, ensuring competitive service options across the UK.

ADTRAN announced its fourth-quarter 2020 financial results, reporting revenue of $130.1 million and net income of $6.1 million, translating to earnings per share of $0.13. Non-GAAP earnings per share were $0.11, excluding several one-time costs. The company highlighted substantial growth in its Tier-2 and Tier-3 service provider segments in the U.S. and an increase in fiber deployments in Europe. Additionally, a cash dividend of $0.09 per share has been declared, payable on March 4, 2021.

ADTRAN, Inc. (NASDAQ: ADTN) announced participation in the Goldman Sachs Technology and Internet Virtual Conference 2021, scheduled for February 10, 2021. During this event, the company will provide insights on industry trends and updates that could influence its business. The conference will include forward-looking statements, which may involve risks and uncertainties. ADTRAN focuses on delivering next-generation networking solutions for global communications service providers, leveraging cloud technologies and data analytics.

ADTRAN, Inc. (NASDAQ: ADTN) will release its fourth quarter 2020 financial results on February 3, 2021, after market close. A conference call to discuss these results is scheduled for February 4, 2021, at 9:30 a.m. Central Time. Investors can access the call via ADTRAN's Investor Relations site. A webcast of the call will also be available for replay, along with a transcript, for at least 12 months.

ADTRAN, Inc. (NASDAQ:ADTN) has been selected by Community Telecom Services (CTS) to implement its Total Access 5000 fiber access platform in rural Kentucky. This choice allows CTS to deploy high-quality fiber broadband services to underserved communities, enhancing internet access for students and professionals. The TA5000 platform replaces legacy equipment, supporting immediate community needs and future bandwidth demands. This partnership aims to improve network reliability and reduce maintenance costs, empowering local residents and businesses with essential connectivity.