ADTRAN Holdings, Inc. - ADTN STOCK NEWS

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.

CRIANN has implemented Adtran's FSP 3000 optical transport technology and ALM fiber monitoring platform to enhance its research and education network capacity in Normandy. The upgrade, supported by the Normandy Region and implemented by Axians, features the FSP 3000 OpenFabric™ 1200, delivering up to 400Gbit/s per wavelength and supporting multiple OTN and Ethernet client services. The solution includes Adtran's ALM in-service fiber monitoring platform, providing real-time geographic information system for precise fiber issue detection, helping reduce operational costs and improve network availability.

Adtran announced that Switzerland's Federal Institute of Metrology METAS has deployed its OSA 3300 HP, the industry's first high-performance optical cesium atomic clock. The technology enhances national timekeeping performance and supports critical scientific research. The device sets new standards for accuracy and stability with a 10-year lifespan, compared to five years for traditional magnetic deflection clocks. The OSA 3300 HP strengthens Switzerland's contribution to Universal Time Coordinated (UTC) and provides an ultra-stable frequency source for precision measurement.

Adtran and Sonic Fiber Internet have partnered to deploy 50G PON connectivity across California, marking a significant advancement in ultra-fast broadband services. The technology delivers symmetrical speeds of 50Gbit/s and is designed to coexist with GPON and XGS-PON, enabling seamless network upgrades without service disruption. The partnership aims to address increasing bandwidth demands from data-intensive applications while supporting emerging standards like Wi-Fi 7 and Wi-Fi 8. The implementation will focus on high-demand areas, offering cost-effective scalability and reduced operational costs.

Adtran and Candela Technologies have launched a joint solution integrating Adtran's SDG 8700 Series Wi-Fi 7 technology with Candela's automated testing platform. The collaboration addresses gaps in Wi-Fi testing capabilities, particularly for complex 4x4 antenna configurations. Initial tests using SDG 8733 Wi-Fi 7 technology demonstrated throughput exceeding 8.3Gbit/s. The solution offers a cost-effective, modular approach to comprehensive Wi-Fi 7 testing, featuring multigigabit performance, 4x4 MIMO tri-band radios, and support for advanced features including MU-MIMO, 320MHz max channel bandwidth, and 4096 QAM.

Adtran's Oscilloquartz team demonstrated its OSA aPNT+™ platform at Jammertest 2024 in Norway, showcasing resilience against jamming and spoofing attacks in positioning, navigation and timing (PNT) systems. The platform features a multi-layer protection strategy and zero-trust architecture, integrating Iridium® Satellite Time and Location (STL) services. Key products tested include the OSA 5412, OSA 5422, OSA 5430 grandmaster clocks, and OSA 5401/5405 Series. The solution's Syncjack™ technology demonstrated unique capabilities in detecting meaconing attacks, aligning with IEEE 1952 standards for critical infrastructure protection.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) has announced the release of its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call to discuss these results on Thursday, November 7, 2024, at 9:30 a.m. Central Time.

Investors and interested parties can access the earnings call webcast through the ADTRAN Holdings, Inc. Investor Relations website at www.adtran.com/investor. Participants are advised to join approximately 10 minutes before the call starts. An online replay of the conference call and a transcript will be available on the same website shortly after the call concludes and will remain accessible for at least 12 months.

Adtran announced that D & P Communications is utilizing its open and intelligent fiber access technology to expand multigigabit broadband in southern Michigan. The deployment includes Adtran's scalable fiber broadband solution with Combo PON technology, enabling D & P to efficiently upgrade to symmetrical 10G PON services while supporting existing GPON subscribers. This allows D & P to scale quickly to meet rising demand for high-speed broadband in urban and rural areas.

The enhanced network, built on Adtran's multi-service access and aggregation platform, provides a seamless upgrade path to multigigabit services. The versatile, high-capacity OLT boosts capacity, supporting both legacy GPON and new XGS-PON multigigabit users. This comprehensive infrastructure upgrade ensures D & P can deliver reliable broadband to a growing number of subscribers, meeting the rising demand for multigigabit connectivity across Michigan.