Adtran Inc Stock Price, News & Analysis

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.

ADTRAN, a leader in broadband access solutions, has been selected by the City of Monroe, Georgia, to deploy its Total Access 5000 (TA5000) 10G fiber access platform for a new Fiber-to-the-Home (FTTH) network. This initiative aims to enhance internet connectivity for both residential and business customers while reducing operational costs and technical requirements. The fiber network will also support local schools and healthcare facilities, ensuring reliable services.

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.