Report
Ilya Kundozerov
EUR 147.86 For Business Accounts Only

Adtran Posts Strong 3Q Results as Customers Embark on Access Networks Upgrade; Raising FVE to $15

Adtran posted better-than-expected third-quarter revenue growth due to strong contribution from Tier 1 European telecom carriers. Adtran’s management remains optimistic about 2017 as many carriers are entering the next cycle of access networks upgrades. G.Fast, VDSL2, and vectoring are the technologies that are popular outside of the United States, which traditionally relies on fiber, and seemed to have piqued the interest of domestic carriers. The CAF II funding tailwind in the U.S. will furthe...
Underlying
ADTRAN Inc.

ADTRAN is a provider of networking and communications equipment. The company's solutions and services enable voice, data, video and internet communications across a variety of network infrastructures. The company has two segments: Network Solutions, which provides solutions supporting fiber-, copper- and coaxial-based infrastructures and a number of wireless solutions, lowering the overall cost to deploy services across a range of applications for Carrier and Cable/multiple-service operator networks; and Services and Support, which provides turn-key suit of services to help operators accelerate deployment of their networks including planning, engineering, construction, installation, test, and turn-up.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Ilya Kundozerov

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