Mizuho Securities Upgrades ADTRAN (ADTN) to Buy

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Communication Equipment Stocks Surge as AT&T Plans to Spend Like a Drunken Sailor (ADTN) (CIEN) (JDSU) (APKT) (FNSR)

November 7, 2012 10:12 AM EST

ADTRAN Inc. (NASDAQ: ADTN) and other communication equipment stocks are rocking higher early Wednesday following news from AT&T (NYSE: T) that it sees $22 billion in CAPEX in each of the next three year.

ADTRAN is up 8 percent,... More