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Stock Market & Financial Investment News

News Breaks
February 22, 2013
07:23 EDTADTNAdtran unlikely to win AT&T U-Verse business, says Jefferies
Jefferies believes AT&T (T) will soon select a vendor for equipment used to upgrade the old Fiber-to-the-Curb, or FTTC, infrastructure that was deployed in the heritage BellSouth territory. The firm estimates the opportunity at $50M over two-to-three years and thinks Adtran has a less than 25% chance of winning the business. Further, Jefferies thinks issues of carrier capital spending trends and potential market share losses are not fully priced into shares of Adtran. The firm keeps an Underperform rating on the stock with a $13.25 price target.
News For ADTN From The Last 14 Days
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October 27, 2014
18:38 EDTADTNS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
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17:21 EDTADTNADTRAN to replace Forest Oil in S&P 600 as of 10/31 close
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17:20 EDTADTNHalyard Health to replace ADTRAN in S&P 400 as of 10/31 close
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October 20, 2014
05:48 EDTADTNADTRAN appoints Ronan Kelly as CTO for EMEA, APAC regions
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