Welcome to our dedicated page for Adtran news (Ticker: ADTN), a resource for investors and traders seeking the latest updates and insights on Adtran stock.
Adtran Inc (ADTN) provides essential networking solutions for global telecommunications infrastructure. This news hub offers investors and industry professionals direct access to the company's official announcements and market developments.
Track all ADTN press releases in one centralized location, including earnings reports, product launches, and partnership updates. Our curated feed ensures you never miss critical information about broadband access innovations, network solutions advancements, or strategic initiatives.
Discover updates across key operational areas: financial disclosures, technology deployments, and service expansions. Bookmark this page for efficient monitoring of ADTN's progress in delivering next-generation internetworking solutions and maintaining its position as a trusted telecom partner.
ADTRAN Holdings, Inc. reported its first quarter 2024 financial results, showcasing Q1 revenue above mid-point guidance and non-GAAP profitability in line with guidance. The company saw a $53 million sequential improvement in GAAP operating cash flow. The GAAP gross margin for Q1 was 31.9%, representing an improvement of 484 bps year-over-year but a decrease of 285 bps quarter-over-quarter. Non-GAAP gross margin was 41.6%, a decline of 33 bps sequentially and an improvement of 429 bps year-over-year. Despite a negative GAAP operating margin due to a non-cash goodwill impairment charge, the non-GAAP operating margin was within the guidance range. The Company reported a GAAP net loss of $324.6 million and a non-GAAP net loss of $1.7 million for Q1 2024.
Adtran and GLDS have integrated GLDS's BroadHub® customer management and billing system with Adtran's Mosaic CP and SDX Series of optical line terminals (OLTs) to enhance broadband service billing and management. The collaboration aims to streamline operations, enable rapid responses to customer needs, and improve service capabilities for service providers globally. The partnership promises advanced scalability for growing networks and real-time data analytics for enhanced service management.
Adtran announced that a leading Canadian hydropower producer upgraded its timing network with Adtran's Oscilloquartz optical cesium clock for increased precision, reliability, and resilience. The solution addresses the need for protection against GNSS cyberattacks, offers centralized control, and seamless support for legacy services. The deployment enhances cybersecurity, stability, and security of the energy supply across Canada and the US.
ADTRAN Holdings, a leading provider of networking solutions, will present at the 19th Annual Needham Technology & Media Conference on May 16, 2024. The company will discuss performance and industry trends affecting its business.
Commnet Broadband is revolutionizing in-home connectivity in rural American Southwest with Adtran Intellifi® by deploying Mosaic One with cloud-managed SaaS to provide high-quality Wi-Fi to underserved communities. The next-gen technology enhances network management, subscriber satisfaction, and digital inclusion through remote activation and troubleshooting, reducing costs and driving efficiencies.
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