ADTRAN Slashes Q1 Sales Outlook Below View; Says EPS Will Miss, Too (ADTN)

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Networking equipment maker ADTRAN, Inc. ( ADTN ) on Thursday lowered its first quarter sales outlook and provided EPS estimates below Wall Street expectations, citing order delays and slower seasonal buying.

The Hunstville, AL-based company said it now expects first quarter revenue to range from $130 million to $135 million, down from a prior estimate of about $175.3 million. ADTRAN also pegged fist quarter EPS of 22 to 25 cents on an adjusted basis.

On average, Wall Street analysts were expecting much higher profits of 44 cents per share, on much larger revenue of $174.6 million for the period.


The company is slated to deliver its first quarter earnings report on April 11, 2012.

Despite the seemingly negative news, ADTRAN shares posted modest gains in premarket trading Thursday.

The Bottom Line
Shares of ADTRAN ( ADTN ) have a 1.15% dividend yield, based on last night's closing stock price of $31.17. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

ADTRAN, Inc. ( ADTN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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