Adtran reports impressive 2Q; Large Contracts Are in the Pipeline; Raising FVE to $19
Adtran posted strong second-quarter results due to better-than-expected top-line growth as carriers upgraded access networks. The company appears to be well-prepared to satisfy the growing interest of large telecommunications companies in vectoring, G.Fast, XGS-PON, and NG-PON2 technologies. The pipeline of large projects is looking solid over the next 12-18 months, and the company also expects a tailwind from Connect America Fund rate-of-return customers in 2018-19. We incorporate these expecta...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.
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.
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