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 has announced new Science Based Targets initiative (SBTi) commitments, aiming for net-zero emissions across its entire value chain by 2048. This aligns with the global goal of limiting warming to 1.5°C. The company's near-term targets include a 74.5% reduction in scope 1 and 2 emissions and a 40% reduction in scope 3 emissions by 2032.
Using 2016 as a baseline, Adtran's long-term targets commit to reducing absolute scope 1 and 2 emissions by 90% and scope 3 by 95% by 2048. These commitments underscore Adtran's leadership in sustainability and climate action. The company joined the SBTi in 2016 and has since made significant progress in reducing its carbon footprint.
Adtran announced that Tishomingo Connect, a subsidiary of Tishomingo County Electric Power Association, has deployed its Mosaic One SaaS solution to enhance rural broadband access in Northeast Mississippi. The service provider is using Adtran's fiber-to-the-premises and home networking technologies to expand its network and meet growing demand for fast, reliable internet.
Key points:
- Adtran's XGS-PON OLTs and SDX Series optical network terminals offer up to 10Gbit/s symmetrical data rates
- SDG 800 Series service delivery gateways provide high-speed Wi-Fi 6 performance
- Mosaic One provides actionable intelligence to enhance subscriber experience and optimize operations
- LogicomUSA is providing technical support and ongoing NOC services
ADTRAN Holdings, Inc. (NASDAQ: ADTN; FSE: QH9) has announced its participation in the Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 28, 2024, at the Four Seasons Hotel in Chicago. Company representatives will meet with investors to discuss ADTRAN's performance and current industry trends that may impact the market and the company's business. This event provides an opportunity for ADTRAN to engage with investors and share insights into its operations and market position.
Adtran announced that PhireLink has deployed its open and intelligent fiber access technology to bring high-quality broadband to underserved rural communities in Louisiana. The deployment features Adtran's Mosaic One software-as-a-service and Intellifi® connected home solution to support a robust end-user experience. PhireLink is using Adtran's AI-driven platform to rapidly scale a highly efficient network capable of delivering critical public services and stimulating economic growth.
The solution includes Adtran's scalable 10Gbit/s optical line terminal, SDX 600 Series optical network terminals, and SDG 800 Series Wi-Fi 6 gateways. This comprehensive approach allows PhireLink to enhance operational efficiency, minimize on-site visits, and effectively engage with communities using tailored materials.
ADTRAN Holdings, Inc. (NASDAQ: ADTN; FSE: QH9) has announced its participation in the Rosenblatt Virtual Tech Summit on August 19, 2024. Company representatives will meet with investors to discuss ADTRAN's performance and current industry trends that may impact the market and the company's business. The virtual conference provides an opportunity for ADTRAN to engage with investors and share insights into its operations and market position.
ADTRAN Holdings, Inc. (NASDAQ: ADTN) reported its Q2 2024 financial results with revenue of $226.0 million. The company saw improvements across major operating metrics, including profitability and working capital. GAAP gross margin was 36.1%, while non-GAAP gross margin reached 41.9%. However, ADTRAN reported a GAAP net loss of $49.9 million, or $0.63 per diluted share. On a non-GAAP basis, the net loss was $18.8 million, or $0.24 per diluted share.
CEO Tom Stanton noted growth in the customer base across the U.S. and Europe, driven by adoption of their latest fiber networking solutions. For Q3 2024, ADTRAN expects revenue between $215-235 million and non-GAAP operating margin ranging from -1% to +3%.
ADTRAN Holdings, Inc. (NASDAQ: ADTN) has announced the release date for its second quarter 2024 financial results. The company will disclose its earnings after market close on Monday, August 5, 2024. Following this, ADTRAN will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m. Central Time to discuss the quarterly results.
Investors and interested parties can access the earnings call webcast through the company's Investor Relations site at www.adtran.com/investor. An online replay of the conference call and its transcript will be made available shortly after the call concludes and will remain accessible for at least 12 months.
Adtran announced that telMAX, an Ontario-based service provider, is using Adtran's Mosaic CP microservices platform integrated with GLDS BroadHub® subscriber management platform to expand its high-speed broadband services. The solution, built on Adtran's SDX 6000 Series of Combo PON optical line terminals and XGS-PON optical network terminals, enables automated management and streamlined service activation.
telMAX, recognized as Canada's Fastest ISP for two consecutive years, is leveraging this technology to rapidly expand into new areas across the Greater Toronto Area. The integration allows for real-time adjustments to network conditions and swift responses to customer demands, enhancing operational efficiencies and scalability.
Adtran, in collaboration with Iridium Communications, has launched synchronization solutions with Iridium's Satellite Time and Location (STL) technology across Europe and the Asia-Pacific regions. This initiative aims to counter growing threats to Global Navigation Satellite Systems (GNSS) by providing secure, precise positioning, navigation, and timing (PNT) services via low-Earth orbit (LEO) satellites. The OSA 5405-S PTP compact grandmaster clock and OSA 5400 STL module are key products now available, offering robust timing support for critical infrastructures like 5G networks and defense systems. STL services are significantly stronger and more resilient than traditional GNSS, ensuring continuous synchronization even in compromised environments. Adtran offers these services through flexible annual licenses or bundled equipment packages, catering to various financial planning needs.
ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced its participation in the Northland Growth Conference on June 25, 2024. Company representatives will discuss ADTRAN's performance and industry trends. The conference will be held virtually.
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