ADTRAN (ADTN) PT Raised to $25 at Needham & Company Following 2Q Report
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ADTRAN, Inc. Reports Record Results for the Second Quarter 2017 and Declares Quarterly Cash Dividend
July 18, 2017 8:30 PM EDTHUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the second quarter 2017. For the quarter, sales were $184.7 million compared to $162.7 million for the second quarter of 2016. Net income was $12.4 million compared to $10.2 million for the second quarter of 2016. Earnings per share, assuming dilution, were $0.26 compared to $0.21 for the second quarter of 2016. Non-GAAP earnings per share were $0.30 compared to $0.25 for the second quarter of 2016. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.
ADTRAN Chairman and Chief Executive Officer Tom Stanton... More
ADTRAN and Deutsche Telekom Look to Ultra Broadband Evolution to Advance the Gigabit Society
July 18, 2017 5:00 AM EDTLab trials proving latest G.fast innovations, 212Mhz and cDTA, will accelerate deployment of ultra-fast and gigabit broadband services
DARMSTADT, Germany--(BUSINESS WIRE)-- ADTRAN®, Inc., (NASDAQ: ADTN), a leading provider of next-generation open networking solutions, today announced the start of lab testing of the latest innovations in the G.fast standard, 212MHz and coordinated dynamic time... More
nbn and ADTRAN Ink Contract to Advance Broadband Access in Australia
July 18, 2017 5:00 AM EDTMELBOURNE, Australia--(BUSINESS WIRE)-- ADTRAN®, Inc., (NASDAQ: ADTN), a leading provider of next-generation open networking solutions, today announced the signing of a supply agreement to advance high-speed broadband access to the citizens of Australia. The executed supply agreement covers software, hardware and services, which includes commitments from both companies to support the ongoing nationwide network rollout.... More
