Last $21.97 USD
Change Today -0.49 / -2.18%
Volume 788.7K
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

adtran inc (ADTN) Snapshot

Open
$22.49
Previous Close
$22.46
Day High
$22.66
Day Low
$21.93
52 Week High
01/22/14 - $27.98
52 Week Low
05/15/14 - $20.72
Market Cap
1.2B
Average Volume 10 Days
357.5K
EPS TTM
$0.82
Shares Outstanding
54.7M
EX-Date
07/29/14
P/E TM
26.9x
Dividend
$0.36
Dividend Yield
1.64%
Current Stock Chart for ADTRAN INC (ADTN)

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adtran inc (ADTN) Details

ADTRAN, Inc. manufactures and sells networking and communications equipment worldwide. It operates in two divisions, Carrier Networks and Enterprise Networks. The Carrier Networks division provides broadband access products, such as multi-service access nodes, fiber to the nodes, ultra broadband Ethernet, and digital subscriber line access multiplexer products; optical products, including optical networking edge, fiber Ethernet access devices, multi-service provisioning platforms, and pluggable optical products; and time division multiplexed (TDM) systems under the Total Access and hiX brand names. It enables voice, VoIP, IPTV, RF video, high speed Internet access, mobile broadband, and data services based on Ethernet, frame relay, TDM, and ATM technologies connecting the network with user components, such as switches, routers, gateways, IADs, PBXs, and wireless LAN products. This division serves local exchange carriers, cable multi-service operators, independent operating companies, utilities, municipalities, and wireless service providers. The Enterprise Networks division provides internetworking products, such as IP business gateways, optical network terminals, virtual wireless LAN products, multi-service routers, managed Ethernet switches, unified communications solutions, carrier Ethernet network terminating equipment, network management solutions, and integrated access devices. This division serves service providers and independent communications companies, as well as retail, food service, healthcare, finance, government, education, manufacturing, military, transportation, hospitality, and energy/utility markets. The company also offers loop access products, including high bit-rate digital subscriber line, digital data service, integrated services digital network, T1/E1/T3 channel service units/data service units, and fixed-wireless products. ADTRAN, Inc. was founded in 1985 and is headquartered in Huntsville, Alabama.

2,010 Employees
Last Reported Date: 02/27/14
Founded in 1985

adtran inc (ADTN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $560.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $321.4K
Senior Vice President of Global Operations
Total Annual Compensation: $285.2K
Senior Vice President and General Manager of ...
Total Annual Compensation: $292.1K
Senior Vice President and General Manager of ...
Total Annual Compensation: $290.6K
Compensation as of Fiscal Year 2013.

adtran inc (ADTN) Key Developments

ADTRAN, Inc. Expands MDU ONT Offering for Broadband Portfolio

ADTRAN Inc. has announced an expanded offering of Multiple Dwelling Units, or MDU, Optical Network Terminals, or ONT, for its broadband portfolio. Leveraging both pure Fiber-to-the-Home (FTTH) and G.fast enabled Fiber-to-the-Building (FTTB) deployment architectures, ADTRAN is enabling operators to rapidly expand premium Gigabit services into hard to reach dwellings such as existing high-rises, apartment buildings and other occupied MDUs. ADTRAN is helping operators maximize the MDU market opportunity by addressing key cost issues and deployment complications associated with delivering Gigabit services to these locations. Operators recognize that fiber all the way to the end user is the ideal deployment scenario, but optimizing service delivery for a particular dwelling and addressing the larger possible number of subscribers take precedence in these deployments. ADTRAN's comprehensive portfolio of MDU solutions range from Micro ONTs (µONT) that allow for a permanent installation of Fiber-to-the-Living Unit (FTTLU) when capital is available to MDU ONTs that enable cost-effective, pay-as-you-grow Gigabit delivery via the existing wiring inside the building. For example, in locations where only standard telco wiring exists and rewiring is impractical, ADTRAN helps service providers deliver higher speeds with an alternative, lower cost FTTB deployment model. ADTRAN is leveraging the new DSL acceleration standard - G.fast - to extend from 500 Mbps up to Gigabit-like speeds over the existing CAT-3 in-building wiring. This enables operators to serve an entire high-rise MDU rapidly and economically to accelerate premium services while vastly reducing the construction time and level of disturbance to existing residents. Full portfolio of ADTRAN MDU ONTs to serve all variants of greenfield and occupied multi-dwelling structures from duplex and fourplexes to garden and campus-style apartments to high rises and condominiums.

Canby Telcom and ADTRAN Connect to Deploy First Gigabit Community in Pacific Northwest

ADTRAN Inc. announced that as part of its Enabling Communities, Connecting Lives program, that it is enabling Canby Telcom to deliver Gigabit services to the town of Canby, Oregon. Canby, located southeast of Portland, is turning to Gigabit services to attract large brand name and high-tech corporations to the area. With the deployment of ADTRAN's advanced Fiber-to-the-Home (FTTH) portfolio, Canby Telcom is helping the town become one of the first Gigabit communities in the region by providing the technology infrastructure needed to effectively support growing business opportunities. Through ultra-fast broadband speeds both existing businesses and those looking to relocate to Canby can now easily connect to the global economy, creating more jobs and supporting long-term growth for the area. Canby Telcom has developed a reputation as a forward-thinking service provider in the region and has remained ahead of the innovation curve by being the first to bring advanced technologies to the local community. As an early adopter of FTTH infrastructure, Canby Telcom has spearheaded multiple cutting-edge technology projects -- including developing an over-the-top (OTT) video streaming service -- to better assist the growing needs of local residents and business owners. Through its involvement with the local economic development committee, Canby Telcom has also seen firsthand a continual increase in demand for higher broadband speeds and is addressing this need through its Gigabit fiber infrastructure. ADTRAN's Gigabit portfolio, including the Total Access(R) 5004, has enabled Canby Telcom to be among the first to deliver next-generation Gigabit services to more than 2,500 local residents and businesses. Since launching Gigabit Internet as part of its Fiber Optic Zone (FOz) service, the community has experienced an immediate positive economic impact. For example, real estate agents have seen a marked increase in homebuyers selecting Canby properties due to fiber access. Likewise, businesses are benefiting from a reliable, high-capacity connection to larger cities, enabling Canby to retain its small town charm while offering big city connectivity.

ADTRAN Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

ADTRAN Inc. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, sales were $176,129,000 compared to $162,233,000 for the second quarter of 2013. Operating income was $19,339,000 compared to $14,053,000 for the second quarter of 2013. Net income was $14,395,000 compared to $9,859,000 for the second quarter of 2013. Earnings per share, assuming dilution, were $0.26 compared to $0.17 for the second quarter of 2013. Non-GAAP earnings per share were $0.30 compared to $0.21 for the second quarter of 2013. Income before provision for income taxes was $21,811,000 compared to $16,834,000 a year ago. For the six months, sales were $323,133,000 compared to $305,246,000 for the second quarter of 2013. Operating income was $30,637,000 compared to $20,616,000 for the second quarter of 2013. Net income was $24,002,000 compared to $17,749,000 for the second quarter of 2013. Earnings per share, assuming dilution, were $0.42 compared to $0.29 for the second quarter of 2013. Income before provision for income taxes was $36,490,000 compared to $26,557,000 a year ago. Non-GAAP earnings per share were $0.50 compared to $0.37 for the second quarter of 2013. Net cash provided by operating activities was $22,979,000 compared to $28,965,000 a year ago. Purchases of property, plant and equipment amounted to $4,919,000 compared to $3,201,000 a year ago. The company expects third quarter revenues to be flat to slightly up on a sequential basis. The company expects GAAP gross margins will be in the range of 49% to 50% for the third quarter. They expect GAAP operating expenses for the third quarter will be flat to slightly up on a sequential basis. The company expects the consolidated tax rate to be in the mid- to low-30s percentage point range to pretax income.

 

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ADTN

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Valuation ADTN Industry Range
Price/Earnings 24.2x
Price/Sales 1.8x
Price/Book 2.1x
Price/Cash Flow 23.1x
TEV/Sales 1.6x
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