Adtran Inc Stock Price, News & Analysis

Adtran has opened a new 20,000-square-foot distribution center in York, UK, expanding its operations to meet growing demand for end-to-end fiber infrastructure technology. The facility, named Sovereign House, enhances Adtran's in-house capabilities for testing, production, and customization of hardware and software. It is designed to support faster, more cost-effective, and sustainable deployments of high-speed broadband across the UK.

Key features of the new center include:

• Management of inbound and outbound shipments, returns, and testing
• Streamlined setup and customization of Adtran's broad portfolio
• Focus on rapid deployment of OLTs for high-performance broadband in low-density areas
• An 'excellent' rating from the Building Research Establishment Environmental Assessment Method

The facility aims to strengthen Adtran's supply chain, ensure resilience against disruptions, and enable UK service providers to expand fiber networks more efficiently.

Adtran has launched the OSA 5410XG, a new compact 10G precision timing solution for edge networks. This device, part of the Oscilloquartz portfolio, is designed as a PTP grandmaster for edge deployment with 10G interfaces and real-time sync monitoring. Key features include:

• Support for high-bandwidth networks
• Syncjack™ technology for synchronization monitoring
• Compatibility with various PTP profiles
• Jamming and spoofing detection capabilities
• Multiple power supply options

The OSA 5410XG caters to industries requiring precise timing, such as telecom, power utilities, broadcasting, and defense. It offers enhanced efficiency and reliability for mission-critical PNT networks, making it a versatile solution for modern synchronization needs.

Adtran announced that Quickline has deployed its Mosaic CP and software-defined access hardware to bring full-fiber connectivity to rural regions in Yorkshire and Lincolnshire. This deployment enables Quickline to rapidly expand its network into underserved areas, providing fast and reliable broadband to subscribers. The new network allows residents to access various digital services, including working from home, streaming high-definition content, and remote education.

Quickline is utilizing Adtran's XGS-PON technology, including the SDX 6320 and 6330 Series of optical line terminals and SDX 631q optical network terminals. This flexible fiber access technology creates a highly efficient hybrid network that integrates with Quickline's existing fixed wireless access hardware. The deployment aims to bridge the digital divide, drive job creation, and stimulate economic growth in rural communities across Northern England.

Adtran has announced new Science Based Targets initiative (SBTi) commitments, aiming for net-zero emissions across its entire value chain by 2048. This aligns with the global goal of limiting warming to 1.5°C. The company's near-term targets include a 74.5% reduction in scope 1 and 2 emissions and a 40% reduction in scope 3 emissions by 2032.

Using 2016 as a baseline, Adtran's long-term targets commit to reducing absolute scope 1 and 2 emissions by 90% and scope 3 by 95% by 2048. These commitments underscore Adtran's leadership in sustainability and climate action. The company joined the SBTi in 2016 and has since made significant progress in reducing its carbon footprint.

Adtran announced that Tishomingo Connect, a subsidiary of Tishomingo County Electric Power Association, has deployed its Mosaic One SaaS solution to enhance rural broadband access in Northeast Mississippi. The service provider is using Adtran's fiber-to-the-premises and home networking technologies to expand its network and meet growing demand for fast, reliable internet.

Key points:

• Adtran's XGS-PON OLTs and SDX Series optical network terminals offer up to 10Gbit/s symmetrical data rates
• SDG 800 Series service delivery gateways provide high-speed Wi-Fi 6 performance
• Mosaic One provides actionable intelligence to enhance subscriber experience and optimize operations
• LogicomUSA is providing technical support and ongoing NOC services

ADTRAN Holdings, Inc. (NASDAQ: ADTN; FSE: QH9) has announced its participation in the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 28, 2024, at the Four Seasons Hotel in Chicago. Company representatives will meet with investors to discuss ADTRAN's performance and current industry trends that may impact the market and the company's business. This event provides an opportunity for ADTRAN to engage with investors and share insights into its operations and market position.

Adtran announced that PhireLink has deployed its open and intelligent fiber access technology to bring high-quality broadband to underserved rural communities in Louisiana. The deployment features Adtran's Mosaic One software-as-a-service and Intellifi® connected home solution to support a robust end-user experience. PhireLink is using Adtran's AI-driven platform to rapidly scale a highly efficient network capable of delivering critical public services and stimulating economic growth.

The solution includes Adtran's scalable 10Gbit/s optical line terminal, SDX 600 Series optical network terminals, and SDG 800 Series Wi-Fi 6 gateways. This comprehensive approach allows PhireLink to enhance operational efficiency, minimize on-site visits, and effectively engage with communities using tailored materials.

ADTRAN Holdings, Inc. (NASDAQ: ADTN; FSE: QH9) has announced its participation in the Rosenblatt Virtual Tech Summit on August 19, 2024. Company representatives will meet with investors to discuss ADTRAN's performance and current industry trends that may impact the market and the company's business. The virtual conference provides an opportunity for ADTRAN to engage with investors and share insights into its operations and market position.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) reported its Q2 2024 financial results with revenue of $226.0 million. The company saw improvements across major operating metrics, including profitability and working capital. GAAP gross margin was 36.1%, while non-GAAP gross margin reached 41.9%. However, ADTRAN reported a GAAP net loss of $49.9 million, or $0.63 per diluted share. On a non-GAAP basis, the net loss was $18.8 million, or $0.24 per diluted share.

CEO Tom Stanton noted growth in the customer base across the U.S. and Europe, driven by adoption of their latest fiber networking solutions. For Q3 2024, ADTRAN expects revenue between $215-235 million and non-GAAP operating margin ranging from -1% to +3%.