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) 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Company Overview - ADTRAN, Inc. has announced that South Central Rural Telecommunications Cooperative (SCRTC) will deploy its Advanced Link Monitor (ALM) to proactively identify faults and degradation in fiber networks, addressing the complexities of maintaining operational optical fiber networks [1][2] - The ALM solution is designed to provide real-time actionable insights into fiber infrastructure, utilizing an in-built optical time domain reflectometer to pinpoint disruptions [2][3] Technology and Benefits - The ALM's capabilities have streamlined the fault identification process, reducing the need for manual troubleshooting and improving maintenance resource utilization, which minimizes downtime [3] - The solution features fanless operation and solid-state memory storage, enhancing reliability and lowering operating costs while also boosting network resilience and customer satisfaction [3] Market Position and Performance - ADTRAN is experiencing solid demand trends for its network solutions, driven by the expansion of fiber-to-the-home networks and the adoption of cloud-based automation tools [3] - The company aims to be a leading global supplier of access infrastructure and related solutions, focusing on a broad portfolio of flexible hardware and software network solutions [4] - However, ADTRAN's stock has declined by 62.4% over the past year, contrasting with the industry's growth of 53.5% [4]

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 ...

Financial Data and Key Metrics Changes - Q4 2023 revenue was $225.5 million, down 37% year-over-year and down 17% quarter-over-quarter [12] - Non-GAAP gross margin was 41.9%, an increase of 277 basis points year-over-year and 155 basis points sequentially [13] - Non-GAAP operating loss was $3.2 million, translating to a non-GAAP operating margin of negative 1.4% [13] - Cash and cash equivalents totaled $87.2 million at quarter end, with cash flow used for operations at $23.6 million [14] Business Line Data and Key Metrics Changes - Network Solutions segment accounted for 80% of revenues in Q4 2023, down from 88.6% in Q4 2022 [12] - Services and Support segment contributed 20% of revenues in Q4 2023, up from 11.4% in the year-ago quarter [12] - Access and aggregation contributed 28.5% of revenue, down 32.9% year-over-year [12] - Optical networking solutions contributed 38.2% of revenues, down 39.5% year-over-year [12] - Subscriber solutions were down 37.5% year-over-year but grew 22.3% quarter-over-quarter, contributing 33.4% of revenues [12] Market Data and Key Metrics Changes - 62% of revenues came from international markets, with 38% from domestic markets in Q4 [12] - Fiber broadband deployments in the US set a record in 2023, passing 9 million homes, up 13% year-over-year [5] - In the UK, full fiber coverage increased by 4.6 million premises in 2023, now covering 17.1 million premises [6] Company Strategy and Development Direction - The company is focused on two strategic initiatives: investment in fiber-based broadband networks in the US and high-risk vendor replacements in Europe [5] - The company aims to broaden its presence in Europe and increase its product portfolio breadth for US customers [5] - The company is well-positioned to address Build America, Buy America requirements with minimal changes to its supply chain [8] Management's Comments on Operating Environment and Future Outlook - Management noted cautious spending from service provider customers due to economic uncertainty and inventory adjustments [16] - The company expects revenue for Q1 2024 to range between $210 million and $240 million, with a non-GAAP operating margin between negative 7% and 0% [16] - Management remains optimistic about long-term growth drivers, supported by stimulus funding and the desire to reduce exposure to high-risk vendors [16] Other Important Information - The company reduced non-GAAP operating expenses by 15% sequentially and 18% year-over-year [13] - The company established a valuation allowance related to domestic deferred tax assets during the quarter [13] Q&A Session Summary Question: Impact of BEAD on Demand Trends - Management acknowledged some impact from BEAD, particularly in the Tier 3 carrier space, but noted that demand appears to be flattish [17][18] Question: Update on Real Estate Portfolio Rationalization - The company is consolidating its real estate and expects to clear out two buildings, potentially generating $40 million to $60 million from the process [19][21] Question: Status of CPE Subscriber Solutions Inventory Correction - Management believes they are through the deep part of the inventory correction for CPE subscriber solutions [22][23] Question: Access and Aggregation Timing Issues - Management indicated that access and aggregation were down due to specific customer timing but expects improvement in Q1 [24][25] Question: Competitive Dynamics in the US Rural Broadband Market - The competitive landscape remains stable, primarily involving the company, Calix, and Nokia, with no significant changes noted [44]