As part of its community benefit program,
) will provide infrastructure to Canby Telcom to roll out Gigabit
services in Canby, OR.
ADTRAN's highly advanced Fiber-to-the-Home (FTTH) technology will
enable Canby Telecom to transform the town into a high-tech Gigabit
city, in turn, attracting large organization to set up their
offices in the vicinity.
Canby Telecom was the first carrier to utilize ADTRAN's advanced
product Total Access 5004 (a part of Gigabit family) to deploy
highly advanced Gigabit services to more than 2,500 local residents
and businesses organizations. Roll-out of such high-end technology
will ensure speedy Internet and better cloud computing and video
streaming facilities for large companies. This will not only
benefit existing firms in the city, but also lure new takers to the
developing city, thus increasing employment and economic growth
opportunities in the area.
On ADTRAN's part, successful implementation of its Gigabit product
will not only garner huge demand but will also boost the company's
top line going forward.
Meanwhile, the company continues to perform well owing to strong
contributions from the U.S., Europe, the Middle East, Africa and
Latin America. ADTRAN has stabilized its businesses with Tier 1
carriers and has also won contracts from Tier 2 and Tier 3
carriers. We expect the company to benefit from market share gains,
strong growth of core products, solid international sales and
growing service revenues.
Within Broadband Access, ADTRAN is positioned to benefit from the
continued strong momentum of TA 5000 and FTTN platforms owing to
the network upgrade to Ethernet mostly by Tier 2 and Tier 3
carriers as well as higher broadband stimulus.
Inter-networking is expected to benefit from an increase in dealer
base, aiding market share gains, new products supporting unified
communications, an amplified distribution channel and improving
ADTRAN currently carries a Zacks Rank #4 (Sell).
Other Stocks to Consider
Better-performing stocks in this industry that warrant a look are
CommScope Holding Company, Inc. (
), Ericsson (
) and DragonWave Inc. (
). CommScope currently sports a Zacks Rank #1 (Strong Buy) while
Ericsson and Dragon have a Zacks Rank #2 (Buy).
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ADTRAN INC (ADTN): Free Stock Analysis Report
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