ADTRAN, Inc. (ADTN) Declares $0.09 Quarterly Dividend; 1.9% Yield
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ADTRAN Primes a Countrywide G.fast Deployment in Israel with Bezeq
October 19, 2016 5:30 AM EDTPhase 1 begins this week using ADTRAN G.fast solutions in a variety of deployment scenarios ahead of mass rollout in 2017
LONDON--(BUSINESS WIRE)-- ADTRAN®, Inc., (NASDAQ: ADTN), a leading provider of next-generation open networking solutions, today announced it is the prime project vendor in a countrywide G.fast deployment for Israeli incumbent operator Bezeq. The initial phase, involving a suite of G.fast distribution point unit (DPU) and CPE solutions from ADTRANs Mosaic© SD-Access portfolio, will represent one of the largest ongoing G.fast deployments in the... More
ADTRAN, Inc. Reports Results for the Third Quarter 2016 and Declares Quarterly Cash Dividend
October 18, 2016 8:05 PM EDTHUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the third quarter 2016. For the quarter, sales were $168,890,000 compared to $158,078,000 for the third quarter of 2015. Net income was $12,415,000 compared to $7,067,000 for the third quarter of 2015. Earnings per share, assuming dilution, were $0.26 compared to $0.14 for the third quarter of 2015. Non-GAAP earnings per share were $0.26 compared to $0.19 for the third quarter of 2015. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.
ADTRAN Chief Executive Officer Tom Stanton stated, Our revenue performance for the quarter... More
ADTRAN, Inc. Reports Results for the Third Quarter 2016 and Declares Quarterly Cash Dividend
October 18, 2016 8:05 PM EDTHUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the third quarter 2016. For the quarter, sales were $168,890,000 compared to $158,078,000 for the third quarter of 2015. Net income was $12,415,000 compared to $7,067,000 for the third quarter of 2015. Earnings per share, assuming dilution, were $0.26 compared to $0.14 for the third quarter of 2015. Non-GAAP earnings per share were $0.26 compared to $0.19 for the third quarter of 2015. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.
ADTRAN Chief Executive Officer Tom Stanton stated, Our revenue performance for the quarter... More
