Welcome to our dedicated page for ADTRAN Holdings news (Ticker: ADTN), a resource for investors and traders seeking the latest updates and insights on ADTRAN Holdings stock.
ADTRAN Holdings, Inc. (NASDAQ: ADTN) is a key player in the global telecommunications landscape, headquartered in Huntsville, Alabama. The company is renowned for providing comprehensive networking and communications solutions, enabling seamless voice, data, video, and internet communications across diverse network infrastructures. ADTRAN Holdings operates through two primary segments: Network Solutions and Services & Support.
The Network Solutions segment encompasses hardware and software products that include access and aggregation, subscriber solutions, and optical networking solutions. These products empower communications service providers globally to manage and scale services efficiently. The Services & Support segment offers a robust portfolio of network implementation, support services, and cloud-hosted SaaS applications, which complement the product offerings and enhance the overall customer experience.
ADTRAN's technological prowess is evidenced by its recent achievements. The company, in collaboration with BT Group, conducted Europe’s first successful field trial of optical transport using its Coherent 100ZR pluggable transceiver. This innovation has set new benchmarks for spectral efficiency and energy consumption, demonstrating the potential for scalable and sustainable network solutions.
The company continues to innovate in the broadband access market. For instance, the deployment of its Mosaic One software-as-a-service (SaaS) platform with AI-driven insights by Colorado-based Commnet Broadband exemplifies ADTRAN's commitment to enhancing digital inclusion and delivering high-quality Wi-Fi to underserved communities.
ADTRAN Holdings is also committed to financial transparency and operational excellence. The company’s latest financial results reflect a strategic focus on improving operational efficiencies and market share, despite the economic uncertainties affecting the telecommunications sector.
Moreover, ADTRAN's commitment to sustainability and innovation is underscored by its continuous efforts to enhance network resilience and operational efficiency through solutions like the ALM fiber monitoring technology, which provides real-time insights into network integrity. This technology has been successfully deployed by several service providers, including TruVista and SUNET, enhancing their ability to deliver reliable high-speed broadband services.
Overall, ADTRAN Holdings continues to play a pivotal role in shaping the future of global telecommunications, driven by its innovative solutions and strategic partnerships.
ADTRAN, Inc. (NASDAQ:ADTN) reported its third quarter 2021 results, posting revenues of $138.1 million but a net loss of $10.4 million, translating to a loss per share of $0.21. Non-GAAP metrics showed a net loss of $0.8 million and a loss per share of $0.02. The company noted record Q3 bookings, up 43% year-over-year, with a 61% growth rate in SaaS customers. Additionally, it announced a quarterly dividend of $0.09 per share, payable on November 30, 2021.
ADTRAN (NASDAQ:ADTN) has announced its partnership with CalChip Connect to enhance IoT solutions, adding ADTRAN's LoRaWAN IoT gateways to CalChip's offerings. This collaboration aims to meet the increasing demand for enterprise IoT applications, projected to dominate a global IoT market worth $1.1 trillion by 2024, according to GlobalData. CalChip Connect's ability to create customized solutions will be bolstered by ADTRAN's reliable support and technology, aimed at improving productivity and supporting sustainability efforts in various enterprises.
ADTRAN, Inc. (NASDAQ: ADTN) will release its third quarter 2021 financial results after market close on November 1, 2021. A conference call to discuss these results is scheduled for November 2, 2021, at 9:30 a.m. Central Time. Participants can access the webcast on ADTRAN’s Investor Relations site. An online replay and transcript will be available for at least 12 months post-call. ADTRAN focuses on enhancing connectivity for global communications service providers.
ADTRAN, Inc. (NASDAQ: ADTN) reported preliminary financial results for Q3 2021, with expected revenue of $138 million and a gross margin of 34.5%. The company anticipates an operating loss of $10.1 million, primarily due to $9 million in supply chain-related expenses. Despite challenges, ADTRAN experienced a 43% year-over-year increase in bookings, indicating strong demand from global service providers. The company expects supply chain issues to normalize by mid-2022 and remains enthusiastic about the upcoming merger with ADVA.
ADTRAN, Inc. (NASDAQ:ADTN) announced its 60GHz mmWave mesh solution has been selected by ABC Communications to enhance broadband access in Clinton, British Columbia. This innovative technology provides Gigabit-ready connectivity at a reduced cost and with faster deployment times compared to traditional fiber networks. ABC Communications will now offer speeds 20 times faster than previous options, supporting local initiatives and emergency services in rural areas. The solution's self-healing and self-organizing features further optimize network performance.
ADTRAN has partnered with South Valley Internet to provide advanced 10G fiber access and 60GHz mesh mmWave solutions in California's South Valley region. This collaboration aims to enhance broadband connectivity for areas like Morgan Hill and Gilroy, especially vital during the COVID-19 pandemic. The ADTRAN 60GHz solution, featuring self-organizing technology, supports reliable high-speed internet, overcoming local topographical challenges. SVI's deployment ensures uninterrupted service, elevating user experiences and reinforcing its competitive position in the market.
ADTRAN, Inc. (NASDAQ: ADTN) has partnered with Waseela to introduce its 60GHz mmWave mesh solution in the Middle East. This collaboration aims to provide cost-effective Gigabit broadband services in regions where fiber deployment is challenging. Waseela, known for its telecom and ICT projects, will leverage ADTRAN's technology to enhance connectivity for residential and business needs. The solution's self-organizing mesh technology ensures low latency and resilience, benefiting various applications including 5G backhaul and smart city initiatives.
ADTRAN has announced its innovative 60GHz mmWave mesh wireless access solution aimed at enhancing Gigabit service in urban and hard-to-reach rural areas. The new MetNet 60GHz solution offers significant advantages, including double the capacity and four times the reach of existing products. It supports various revenue-generating services and operates with 80% lower power consumption per Gigabit. This advancement facilitates faster network monetization for service providers while minimizing environmental impact.
ADTRAN has announced that its 7310-08 LoRaWAN IoT Gateway is now qualified as an AWS IoT Core for LoRaWAN gateway, marking a significant step in enhancing its IoT product offerings. This certification allows users to connect their LoRaWAN devices to AWS, facilitating easier IoT network deployments without the need for a separate LoRaWAN Network Server. The gateway is optimized for business and industrial applications, offering efficiency with features like Power over Ethernet and Bluetooth configuration. This move strengthens ADTRAN's position in the IoT market.
ADTRAN, a leading provider of fiber broadband solutions, announced that Sonic will expand its fiber network into Oakland, California using the ADTRAN Total Access 5000 platform. This collaboration will enhance Sonic's market share by utilizing Combo PON technology to support both existing GPON and new XGS-PON services. The ADTRAN TA5000 is noted as the highest density 10G PON solution available, capable of delivering 10 Gbps customer connections. The partnership aims to meet the increasing demand for high-capacity internet services while improving network ROI.
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