ADTRAN Holdings, Inc. - ADTN STOCK NEWS

Adtran has introduced two new optical cesium atomic clocks: the OSA 3300 Super High-Performance (OSA 3300 SHP) and the OSA 3350 Super Enhanced Primary Reference Clock+ (OSA 3350 SePRC+). These devices aim to meet the growing demands for precise and reliable network time synchronization across various industries, from scientific research to critical infrastructure. The OSA 3300 SHP offers twice the Allan Deviation performance of its predecessor, making it ideal for metrology and scientific research. Meanwhile, the OSA 3350 SePRC+ ensures 100-nanosecond precision for up to 100 days, providing robust timing even when GPS/GNSS is unavailable. This reliability is important for mission-critical networks and defense operations. Adtran highlights these innovations amidst rising concerns over GPS vulnerabilities and increasing global tensions, positioning their new clocks as essential for secure and reliable network timing.

ADTRAN Holdings (NASDAQ: ADTN; FSE: QH9) announced that it will participate in the Rosenblatt's 4th Annual Technology Summit: The Age of AI, on June 13, 2024. The virtual conference will see ADTRAN representatives discussing the company's performance and prevailing industry trends. This event provides an opportunity for investors to gain insights into ADTRAN's strategies and potential market impacts.

SUNET is leveraging Adtran's ALM fiber monitoring solution to enhance the resilience and efficiency of its national backbone network. The ALM platform offers real-time insights into the quality of SUNET’s extensive 8,000km fiber infrastructure, enabling rapid detection and resolution of fiber issues. This deployment aims to reduce downtime, simplify network management, and minimize operational costs. The collaboration with NetNordic, a key partner, further supports the high-capacity network serving over 110 organizations and 750,000 users in Sweden's research and education community. The ALM technology also boosts sustainability through reduced truck rolls and lower power usage.

Adtran celebrates the 75th anniversary of Oscilloquartz, highlighting its pivotal role in PNT network timing innovation.

Founded in 1949, Oscilloquartz has achieved notable milestones, including the introduction of the first optical cesium atomic clocks and advancements in synchronization technology for critical infrastructure.

The company also marks a decade since its acquisition by ADVA, which expanded its portfolio and global presence.

Key achievements include pioneering the first commercial magnetic cesium atomic clock and developing technology to enhance GPS/GNSS system resiliency.

Adtran announced that TruVista has deployed its ALM fiber monitoring solution to enhance the reliability of its broadband services.

The ALM technology provides TruVista with real-time insights into their optical infrastructure, allowing for immediate detection and resolution of issues such as fiber breaks, bends, and damage.

This proactive monitoring reduces operational costs by minimizing truck rolls and optimizing network management.

TruVista, serving South Carolina and Georgia, benefits from Adtran's user-friendly and efficient ALM system, ensuring robust and secure broadband connectivity for its subscribers.

ADTRAN Holdings, Inc. reported its first quarter 2024 financial results, showcasing Q1 revenue above mid-point guidance and non-GAAP profitability in line with guidance. The company saw a $53 million sequential improvement in GAAP operating cash flow. The GAAP gross margin for Q1 was 31.9%, representing an improvement of 484 bps year-over-year but a decrease of 285 bps quarter-over-quarter. Non-GAAP gross margin was 41.6%, a decline of 33 bps sequentially and an improvement of 429 bps year-over-year. Despite a negative GAAP operating margin due to a non-cash goodwill impairment charge, the non-GAAP operating margin was within the guidance range. The Company reported a GAAP net loss of $324.6 million and a non-GAAP net loss of $1.7 million for Q1 2024.

Adtran and GLDS have integrated GLDS's BroadHub® customer management and billing system with Adtran's Mosaic CP and SDX Series of optical line terminals (OLTs) to enhance broadband service billing and management. The collaboration aims to streamline operations, enable rapid responses to customer needs, and improve service capabilities for service providers globally. The partnership promises advanced scalability for growing networks and real-time data analytics for enhanced service management.

Adtran announced that a leading Canadian hydropower producer upgraded its timing network with Adtran's Oscilloquartz optical cesium clock for increased precision, reliability, and resilience. The solution addresses the need for protection against GNSS cyberattacks, offers centralized control, and seamless support for legacy services. The deployment enhances cybersecurity, stability, and security of the energy supply across Canada and the US.

ADTRAN Holdings, a leading provider of networking solutions, will present at the 19th Annual Needham Technology & Media Conference on May 16, 2024. The company will discuss performance and industry trends affecting its business.