Adtran Warns on Revenue and EPS Due to Capex Freeze at Tier 1 Customer; Cutting FVE to $18
On Dec. 28, Adtran announced a downward revision to its fourth-quarter financial forecast. The company now expects revenue of approximately $125 million, below previous guidance of $155 million-$165 million. It also guided for a GAAP loss of $0.04 per share and non-GAAP earnings per share of $0.01 for the quarter. In addition, Adtran expects sequentially flat fiscal 2018 first-quarter revenue. The company cited a merger-related slowdown in capital expenditures at one of its Tier 1 customers, whi...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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