ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ACE Fiber, a subsidiary of Alcorn County Electric Power Association (ACE Power), is expanding its fiber network into New Albany, Mississippi, using Adtran's comprehensive fiber network technologies. The deployment includes the FSP 3000 open optical transport solution, ALM fiber monitoring platform, and Mosaic One SaaS for network management.

The network infrastructure will deliver multigigabit fiber-to-the-home technology, supporting essential services like telehealth and expanding opportunities for remote work and learning. Key components include OLTs for network expansion, ONTs providing connections up to 10Gbit/s, and SDG 8000 Series mesh Wi-Fi gateways offering Wi-Fi 6 and 7 services. The implementation also features Intellifi® for AI-powered Wi-Fi optimization with customizable settings and parental controls.

ProTek Fiber has partnered with Adtran to expand full-fiber internet connectivity to underserved areas in Illinois, transitioning from a wireless internet service provider to fiber optic technology. The deployment aims to connect 10,000 homes across five counties: Williamson, Jackson, Franklin, Johnson, and Union.

The implementation includes Adtran's SDX 6000 Series Combo PON OLTs, SDX 630 Series ONTs, and SDG 8700 Series Wi-Fi 7 devices. The solution features Mosaic One SaaS platform for network management and ALM fiber monitoring with deep PON assurance for real-time fault detection. This technology enables ProTek Fiber to efficiently expand its network while maintaining high service quality and minimizing maintenance costs.

The expansion is expected to boost economic activity in the region and enable remote work, education, and telemedicine access for thousands of residents who previously had or no broadband connectivity.

Adtran and IdeaTek have announced a partnership to deploy Kansas's first 50G PON network, aiming to enhance connectivity across the state, including underserved areas. The collaboration will leverage Adtran's SDX 6400 Series OLT to deliver scalable, future-ready infrastructure with speeds up to 50Gbit/s. This technology will support various applications such as smart farming, IoT connectivity, remote healthcare, augmented/virtual reality, and ultra-high-definition video for homes and businesses.

Building on Adtran's 10G fiber access platform and Wi-Fi 7-enabled mesh gateways, the rollout will help IdeaTek expand its subscriber base and bridge the digital divide, ensuring even the hardest-to-reach communities have access to high-speed internet. The SDX 6400 Series OLT offers the flexibility to integrate GPON, XGS-PON, and 50G PON on every port, allowing incremental technology adoption without service disruption.

Adtran's VP of North America service provider sales, Jeremy Harris, emphasized that the SDX 6400 is designed to scale efficiently and protect current investments, reflecting a shared commitment to delivering reliable, future-ready broadband.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced its participation in the upcoming Northland Growth Conference on December 12, 2024. The virtual event will feature CEO Tom Stanton, CFO Uli Dopfer, and VP of IR Peter Schuman, who will discuss company performance and industry trends affecting the market and ADTRAN's business operations.

Infrabel, Belgium's national railway infrastructure company, has implemented Adtran's FSP 3000 S-Flex™ technology to enhance its storage network capacity. This deployment marks Europe's first 64G Fibre Channel over WDM solution, providing native 64Gbit/s transmission for improved data center connectivity. The solution supports multiple network interfaces through trunking technology, significantly boosting throughput and reliability for railway operations. Arcadiz is providing comprehensive engineering, installation, and 24/7 maintenance services to ensure uninterrupted network performance.

Adtran and Dell Technologies have announced a strategic collaboration to address the AI networking needs of US federal agencies. The partnership introduces the DELL AI Network Cloud (AINC) Factory ON-RAMP, integrating Adtran's optical, packet, and software networking solutions with Dell's AI-driven infrastructure. This solution offers significant cost savings compared to traditional options and provides secure, high-performance connectivity across on-premises, cloud, and hybrid environments. The platform features Adtran's FSP 150 packet edge solution, FSP 3000 optical transport platform, and software systems, combined with Dell's AI Factory and Super Compute Xchange for advanced AI supercomputing operations.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced that company representatives, including CEO Tom Stanton and CFO Uli Dopfer, will participate in the Deutsches Eigenkapitalforum 2024 in Frankfurt, Germany, on November 25-26, 2024. During the event, they will meet with investors to discuss company performance and current industry trends affecting the market and ADTRAN's business operations.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) has announced its participation in the 18th Annual Needham Virtual Security, Networking, & Communications Conference scheduled for November 19, 2024. During the virtual event, company representatives will engage with investors to discuss company performance and current industry trends that could impact both the market and ADTRAN's business operations.

ADTRAN Holdings reported preliminary Q3 2024 results with revenue of $227.7 million, exceeding guidance midpoint. The company posted GAAP gross margin of 37.4% and Non-GAAP gross margin of 42.1%, showing sequential improvements. Despite a GAAP operating margin of -10.5% and Non-GAAP operating margin of 1.1%, the company expects continued growth in Q4 with projected revenue between $230-245 million. Management highlighted improving end markets, growing customer base, and normalizing inventory levels as positive indicators. The company anticipates leveraging these improvements for increased profitability and cash generation.