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Stock Market & Financial Investment News

News Breaks
May 19, 2014
20:01 EDTADTNADTRAN announces additional 5M share repurchase plan
ADTRAN announced that its board has authorized the repurchase of an additional 5M shares of the company’s common stock to commence upon completion of the repurchase plan announced May 1, 2013. There are just over 1.2M shares remaining to be repurchased under the May 2013 plan. Upon completion of the current plan, the new plan will be implemented through open market or private purchases from time to time as conditions warrant.
News For ADTN From The Last 14 Days
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October 20, 2014
05:48 EDTADTNADTRAN appoints Ronan Kelly as CTO for EMEA, APAC regions
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October 15, 2014
10:56 EDTADTNADTRAN says delayed domestic Tier 1 business still seen ramping in 2015
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10:50 EDTADTNADTRAN reverses to be down almost 5% to $17.91 after Q4 guidance
10:48 EDTADTNADTRAN sees Q4 revenue seasonally down
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10:47 EDTADTNADTRAN sees Q4 GAAP gross margin flat to slightly up
10:45 EDTADTNADTRAN sees Q4 revenue down by low to mid-teens percentage sequentially
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10:38 EDTADTNADTRAN sees meaningful growth from service business in 2015
Comments made during the company's Q3 earnings conference call.
05:15 EDTADTNADTRAN CEO says company is well positioned to take advantage of carrier spending
ADTRAN CEO Tom Stanton stated, “Revenue came in as we anticipated in our press release of October 2 with a sequential decrease in our European business and a soft enterprise spending environment. Our domestic carrier business saw a sequential revenue increase. We believe our company is well positioned to take advantage of a re-acceleration of carrier spending in both Europe and the US we expect to begin in 2015.”
05:12 EDTADTNADTRAN reports Q3 EPS 25c, consensus 16c
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