ADTRAN Holdings, Inc. - ADTN STOCK NEWS

Adtran, a leader in networking solutions, has formed a strategic partnership with Satelles to integrate Satellite Time and Location (STL) technology into its Oscilloquartz synchronization products. This collaboration aims to enhance the reliability and security of critical infrastructure timing networks by providing an alternative to traditional GNSS systems. STL utilizes encrypted signals from low Earth orbit satellites, making it resistant to disruptions and cyberattacks. The technology is especially beneficial in indoor environments, enhancing the overall robustness of PNT services for sectors such as mobile operations and power utilities.

Adtran, a leader in open networking solutions, showcased its latest coherent innovations at OFC. The demonstration featured the Adtran FSP 3000 OLS with high-resolution flexgrid technology, enabling optimized optical spectrum services. Key highlights included the FSP 3000 TeraFlex for 800G transport and the inaugural display of the QSFP28 pluggable Coherent 100ZR, providing 100G edge connectivity. The innovations aim to enhance network flexibility and tackle increasing data demand, offering a route to revenue growth. Collaborating with industry leaders, Adtran’s solutions promise to redefine how operators utilize fiber resources.

Adtran has successfully demonstrated its Coherent 100ZR technology at OFC, marking the first live display of a 100ZR QSFP28 pluggable operating over a metro ring network. This technology enables cost-effective scaling of edge aggregation networks to 100G, minimizing infrastructure changes. Co-developed with Coherent Corp., the 100ZR leverages a unique DSP to comply with the 5-watt QSFP28 specification. The deployment options include local exchanges and outdoor conditions, enhancing service reliability and reducing carbon footprints.

Adtran (NASDAQ: ADTN) has achieved a groundbreaking milestone with its latest field trial, successfully completing 800Gbit/s single-carrier transport over a distance of 2,220km within the NYSERNet network. This trial, which involved 14 route-and-select flexgrid ROADMs, utilized advanced 140GBd digital signal processing technology from Acacia. By maintaining existing amplifier settings, Adtran demonstrated potential significant reductions in operational costs and complexity while increasing network capacity. The trial showcased the feasibility of long-distance transmission using single-carrier optics, which can benefit various network operators.

ADTRAN Holdings, Inc. announced preliminary financial results for Q4 2022, reporting revenues of $358.3 million and a net income of $35.0 million including non-controlling interests. The diluted earnings per share (EPS) attributable to the Company was $0.49. Despite revenue being on the lower side of guidance, growth in optical networking solutions and improved supply conditions contributed positively to gross margins. The Company plans to pay a quarterly cash dividend of $0.09 per share to stockholders of record as of March 7, 2023.

Final results will be disclosed on March 1, 2023.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) has announced participation in the Loop Capital Virtual Roadshow on February 23, 2023. Key representatives, including CFO Mike Foliano, will discuss the company's performance and relevant industry trends. The Roadshow aims to provide insights into ADTRAN's outlook and business strategies. However, the company warns that any forward-looking statements made during the event involve risks and uncertainties that could affect actual results. Investors are encouraged to review risk factors detailed in the company's SEC filings for a better understanding of potential discrepancies.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) will release its fourth quarter 2022 financial results after market close on February 20, 2023. A conference call is scheduled for February 21, 2023, at 9:30 a.m. Central Time to discuss the results. Interested parties can access the call via the company’s Investor Relations site.

ADTRAN is a global leader in open, disaggregated networking and communications solutions. The webcasts and transcripts will be available online for at least 12 months post-call.

Adtran has launched the SDX 6330, a 10Gbit/s Combo PON fiber access platform designed for broadband service providers. This innovative platform boasts the industry’s highest port density and integrated 400Gbit/s uplinks, enabling rapid and cost-effective fiber network deployment. The compact, energy-efficient design supports retail and wholesale service expansion while minimizing environmental impacts. By addressing the challenges of growing subscriber demands and sustainability targets, the SDX 6330 aims to enhance network simplicity and scalability. This marks Adtran's commitment to transforming broadband coverage and empowering operators in a competitive market.

ADTRAN Holdings, Inc. (NASDAQ: ADTN) has successfully registered a domination and profit and loss transfer agreement (DPLTA) with ADVA Optical Networking SE, effective January 16, 2023. This follows the extraordinary general meeting approval on November 30, 2022. The DPLTA allows ADTRAN to further integrate ADVA under German law, enabling operational directives to its management board. CEO Tom Stanton expressed enthusiasm over this milestone, thanking employees for their support. Cash compensation details for ADVA shareholders will be disclosed soon in the German Federal Gazette.