ADTRAN Holdings, Inc. - ADTN STOCK NEWS

ADTRAN, Inc. (NASDAQ:ADTN) reported its financial results for Q1 2021, with revenues of $127.5 million and net income of $0.9 million, resulting in earnings per share (EPS) of $0.02. Adjusted non-GAAP net income reached $6.3 million, translating to a non-GAAP EPS of $0.13. The company's CEO highlighted robust demand for fiber access and software platforms, noting record order bookings. Additionally, a quarterly cash dividend of $0.09 per share was declared, payable on June 3, 2021, to shareholders of record by May 20, 2021.

ADTRAN, Inc. (NASDAQ:ADTN) announced that PAC Fiber is utilizing its 10G fiber access platform with Combo PON technology to enhance broadband services in rural Georgia. This initiative addresses the lack of reliable internet access in the area, particularly benefitting local farms and students. The deployment supports multi-gigabit services, allowing PAC Fiber to expand its network capacity efficiently. ADTRAN's Combo PON technology offers significant energy cost savings while maintaining high service quality, thus facilitating community growth and improved connectivity.

ADTRAN, Inc. (NASDAQ:ADTN) announced that Talk Straight is utilizing the ADTRAN MetNet 60G solution to enhance Gigabit broadband access in rural UK areas. This initiative addresses the digital divide impacting 190,000 properties and 880,000 children reliant on mobile internet. The successful proof of concept has led Talk Straight to formalize plans for broader deployment, potentially boosting revenues. ADTRAN's 60GHz technology is praised for its cost-effective and efficient implementation, supporting diverse customer needs including residential and business sectors.

ADTRAN, a prominent provider of connectivity solutions, unveiled its new LoRaWAN IoT Gateway, designed to enhance enterprise IoT initiatives. This compact gateway facilitates seamless integration of various applications, including asset tracking and equipment monitoring. According to industry projections, the installed base of IoT devices across sectors is expected to surpass 30 billion by 2030.

ADTRAN's solution is characterized by its ease of deployment and can be powered via Power over Ethernet (PoE), reducing infrastructure requirements. This innovation aims to support businesses in expanding their revenue streams through scalable IoT solutions.

ADTRAN, Inc. (NASDAQ: ADTN) will announce its Q1 2021 financial results after the market closes on May 5, 2021. A conference call to discuss these results is scheduled for May 6, 2021, at 9:30 a.m. CT. Investors can access the webcast via the Investor Relations site approximately 10 minutes before the call. An online replay and transcript will be available for at least 12 months following the event.

ADTRAN, (NASDAQ:ADTN) announced its SDX Series fiber access platform received high-score recognition in the 2021 Lightwave Innovation Reviews for FTTx Systems. This marks the 16th award for SDX, the most recognized SD-Access platform. The SDX platform enhances broadband providers' capabilities to modernize fiber access networks with open architectures, improving density and lowering power consumption. The recent expansion includes the industry's first virtual OLT with Combo PON functionality, supporting multi-gigabit service delivery while demonstrating ADTRAN's commitment to environmental sustainability.

ADTRAN, Inc. has appointed Todd Gandy as the head of its expanded federal and state government initiatives. Gandy’s team will focus on providing agile and secure network solutions to address the growing demands of federal agencies amid digital modernization. ADTRAN aims to assist in improving employees’ digital experiences while aligning with the Made in America initiative. The federal sales team will initially target solutions like routers, switches, and Wi-Fi to enhance connectivity and support rapid deployments.

ADTRAN, Inc. (NASDAQ:ADTN) has launched the TA5004 Micro-Cabinet, a compact fiber access platform designed for rural areas. This flexible 10G solution aims to reduce costs for service providers while enhancing broadband access in low-density regions. The platform, featuring integrated cooling and remote powering, supports service extensions up to 60km and operates with minimal maintenance. The TA5004 expands ADTRAN's portfolio addressing rural service provider needs, responding to increasing funding for rural gigabit coverage and the demand for better connectivity.

ADTRAN, a leading provider of open networking solutions, has joined BUGLAS, the German fibre optic association. This membership enhances ADTRAN's connection with local alternative networks (altnets) in Germany, facilitating collaboration on regulatory and technological developments. With over 20 years of FTTH expertise, ADTRAN aims to support altnets in building competitive fibre broadband networks aligned with European connectivity goals. The company connects about one in three German homes and businesses, hosting a webinar on March 23 to share strategies for achieving sustainable broadband.