Communication network solution provider,
), reported second-quarter 2014 financial results wherein its
bottom line surpassed the Zacks Consensus Estimate while the top
line was on par with the same. Strong demand of Broadband Access
category has resulted in record revenue growth in international
The company reported quarterly total revenue of $176.1 million, up
8.6% year over year and almost on par with the Zacks Consensus
Estimate of $176 million. In the second quarter of 2014, GAAP net
income came in at $14.4 million or 26 cents per share compared with
$9.9 million or 17 cents per share in the year-ago quarter.
However, quarterly adjusted earnings per share of 27 cents beat the
Zacks Consensus Estimate of 25 cents per share.
Adtran, Inc - Quarterly EPS (BNRI) |
Quarterly gross margin stood at 49.3%, flat year over year.
However, operating income registered a steep rise of 36.9% year
over year to $19.3 million. Quarterly operating margin was 11%
against 8.7% in the prior-year quarter. The company's board of
directors declared a cash dividend of 9 cents per share for the
quarter. The dividend will be paid on Aug 14 to shareholders of
record as of Jul 31.
At the end of the second quarter of 2014, ADTRAN generated $13.1
million of cash from operations compared with $2.8 million in
second-quarter 2013. The company exited the second quarter of 2014
with cash and marketable securities of $104.8 million as against
$164.1 million at the end of fiscal 2013.
Other Stocks to Consider
ADTRAN currently has a Zacks Rank #3 (Hold). Other well-performing
stocks in this industry that warrant a look include
CommScope Holding Company, Inc.
). CommScope Holding Company currently sports a Zacks Rank #1
(Strong Buy) while Equinix and Sprint have a Zacks Rank #2
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