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ADTRAN (ADTN) - 2024 Q1 - Earnings Call Transcript
2024-05-07 20:02
ADTRAN Holdings, Inc. (NASDAQ:ADTN) Q1 2024 Results Conference Call May 7, 2024 10:30 AM ET Company Participants Tom Stanton - CEO Uli Dopfer - CFO Conference Call Participants George Notter - Jefferies Michael Genovese - Rosenblatt Securities Ryan Koontz - Needham & Company Tim Savageaux - Northland Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to ADTRAN Holdings, Inc. First Quarter 2024 Earnings Release Conference Call. [Operator Instructions]. As a reminder, today's call i ...
ADTRAN (ADTN) Q1 Earnings Beat Estimates, Revenues Down Y/Y
Zacks Investment Research· 2024-05-07 14:05
ADTRAN Holdings, Inc. (ADTN) reported first-quarter 2024 results, wherein both the bottom line and the top line beat the respective Zacks Consensus Estimate.  The expansion of the Mosaic One platform reportedly boosted its customer base. On a year-over-year basis, revenues contracted due to soft macroeconomic trends.Net IncomeOn a GAAP basis, net loss in the March quarter was $324.6 million or a loss of $4.12 per share compared with net loss of $40 million or a loss of 51 cents per share in the prior-year q ...
ADTRAN Holdings (ADTN) Reports Q1 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-05-07 12:05
ADTRAN Holdings (ADTN) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 75%. A quarter ago, it was expected that this networking equipment maker would post a loss of $0.09 per share when it actually produced a loss of $1.09, delivering a surprise of -1,111.11%.Over the last four quarters, the ...
ADTRAN (ADTN) - 2024 Q1 - Quarterly Results
2024-05-07 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 3, 2024 ADTRAN Holdings, Inc. (Exact name of Registrant as Specified in Its Charter) Delaware 001-41446 87-2164282 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No .) 901 Explorer Boulevard Huntsville, Alabama 35806-2807 (Address of Pri ...
ADTRAN (ADTN) - 2023 Q4 - Annual Results
2024-03-15 11:30
EXHIBIT 99.1 ADTRAN Holdings, Inc. reports preliminary fourth quarter 2023 financial results • Preliminary Q4 revenue at $225.5 million and at mid-point of guidance • Sequential improvement in preliminary GAAP and non-GAAP operating expenses in Q4, with a 7.6% reduction in GAAP operating expenses and a 15.1% reduction in non-GAAP operating expenses respectively Huntsville, Alabama, USA. — February 26, 2024 — ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announc ...
ADTRAN (ADTN) - 2023 Q4 - Annual Report
2024-03-14 16:00
12liability of warranty UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 000-41446 ADTRAN Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 87-2164282 (State or Other Juri ...
New Strong Sell Stocks for March 14th
Zacks Investment Research· 2024-03-14 11:36
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ADTRAN Holdings, Inc. (ADTN) is a fiber networking solutions provider. The Zacks Consensus Estimate for its current year earnings has been revised 225% downward over the last 60 days.The Container Store Group, Inc. (TCS) is a specialty retailer of organizing solutions and custom spaces. The Zacks Consensus Estimate for its current year earnings has been revised 169.2% downward over the last 60 days.Finward Bancorp (FNWD) is the holdin ...
Netnod bolsters Sweden's national timing infrastructure with Adtran Oscilloquartz optical cesium clocks
Businesswire· 2024-03-11 13:00
STOCKHOLM--(BUSINESS WIRE)--Adtran today announced that Netnod is leveraging its optical pumping cesium atomic clock technology to bring precise, reliable and assured timing to Sweden’s critical national infrastructure. Protecting the country’s timing services is vital for the nation’s economy, encompassing finance, digital services and next-generation telecoms networks, such as 5G. By upgrading its timing network with the coreSync™ OSA 3300-HP, Netnod, the leading provider of internet exchange, DNS and tim ...
ADTRAN (ADTN) Advanced Link Monitor Boosts Network Efficiency
Zacks Investment Research· 2024-03-08 13:56
ADTRAN, Inc. (ADTN) recently announced that South Central Rural Telecommunications Cooperative (SCRTC) opted to deploy ADTRAN’s Advanced Link Monitor (ALM) to proactively identify faults and degradation in fiber networks. Optical fiber is the backbone of today’s network and making sure it is fully operational is a complex endeavor. Broadband connectivity has become essential for daily life with its broad range of use cases in businesses, remote work, education, entertainment and access to healthcare and fin ...
South Central Rural Telecommunications Cooperative uses Adtran's ALM to rapidly detect fiber faults
Businesswire· 2024-03-07 13:30
GLASGOW, Ky.--(BUSINESS WIRE)--Adtran today announced that South Central Rural Telecommunications Cooperative (SCRTC) is using its ALM in-service fiber monitoring solution to continuously probe its fiber network for faults and degradations. The comprehensive assurance platform empowers SCRTC to locate and resolve issues before they impact services for its customers across South Central Kentucky. With no need to engage in time-consuming manual fault isolation, SCRTC can leverage its maintenance resources mor ...