MKM Lowers Target on Sell-Rated ADTRAN (ADTN); Warns Group Could Face Pressure

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ADTRAN (ADTN) Revised Q3 Guidance Below Street Estimates

September 28, 2012 6:56 AM EDT

ADTRAN, Inc. (NASDAQ: ADTN) announced revised revenue and earnings estimates for the third quarter ending September 30, 2012. Revenue for the quarter is expected to be approximately $162 million vs. street estimates of $187.20 million.

GAAP earnings per share for the quarter, assuming dilution, are expected to... More