Adtran Inc Stock Price, News & Analysis

Adtran celebrates the 75th anniversary of Oscilloquartz, highlighting its pivotal role in PNT network timing innovation.

Founded in 1949, Oscilloquartz has achieved notable milestones, including the introduction of the first optical cesium atomic clocks and advancements in synchronization technology for critical infrastructure.

The company also marks a decade since its acquisition by ADVA, which expanded its portfolio and global presence.

Key achievements include pioneering the first commercial magnetic cesium atomic clock and developing technology to enhance GPS/GNSS system resiliency.

Adtran announced that TruVista has deployed its ALM fiber monitoring solution to enhance the reliability of its broadband services.

The ALM technology provides TruVista with real-time insights into their optical infrastructure, allowing for immediate detection and resolution of issues such as fiber breaks, bends, and damage.

This proactive monitoring reduces operational costs by minimizing truck rolls and optimizing network management.

TruVista, serving South Carolina and Georgia, benefits from Adtran's user-friendly and efficient ALM system, ensuring robust and secure broadband connectivity for its subscribers.

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.