|Last Price$16.24||Day Change (%)0.84%|
|Open Price$16.11||Day Change ($)0.14|
|Day Range15.98–16.26||52-Week Range13.92–24.13|
As of Fri 11/27/2015 1:23:00 PM | USD
ADTRAN Appoints Roger D. Shannon as Chief Financial Officer
On Friday, Adtran ADTN released an update on its third quarter, saying it expects sales to be flat with the second quarter. The company had originally expected a seasonal increase in spending from telecom carriers to occur in this quarter. Despite this disappointment, our fair value estimate is ...
We don't expect Adtran's fourth-quarter results to be anything to write home about, but, in our opinion, we could be nearing the bottom in the access equipment spending slowdown, and Adtran should see improving fundamentals as it moves into 2007. Adtran has struggled through most of 2006 as carrier ...