Back to Main

The Zacks Analyst Blog Highlights: ADTRAN, Nokia, Siemens, Verizon Communications and Frontier - Press Releases

By: Zacks.com
Posted: 5/9/2012 9:17:00 AM
Referenced Stocks: ADTN;FTR;NOK;SI;VZ

For Immediate Release

Chicago, IL - May 9, 2012 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ADTRAN Inc. ( ADTN ), Nokia Corporation ( NOK ), Siemens AG ( SI ), Verizon Communications ( VZ ) and Frontier ( FTR ).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday's Analyst Blog:

ADTRAN Closes NSN Broadband Buy

 

Alabama-based networking solution provider, ADTRAN Inc. ( ADTN ) recently announced the completion of its acquisition of Nokia Siemens Networks' ("NSN") fixed-line Broadband Access business.

Finland based NSN was established in 2007 as a joint venture between two giants, Nokia Corporation   ( NOK ) and Siemens AG ( SI ).

Last December, the company announced its plan to acquire Nokia Siemens' Broadband Unit. As projected, the deal has reached its settlement in the first half of this year.

The transaction involves the acquisition of the intellectual properties, technologies and the established customer base of NSN's Broadband Access unit. Further, it would entail the transfer of manpower to ADTRAN.

The deal will remain accretive to ADTRAN's professional services in domestic and overseas markets and enhance business opportunities with Tier 1 and Tier 2 carries. The company remains focused on its strategy to build positions in new markets with additional business from Tiered carriers like Verizon Communications ( VZ ) and Frontier ( FTR ) and generates incremental sales from its new customer Telmex. Further, ADTRAN is moving into a new arena with the buyout of Bluesocket, a privately held U.S. company that specializes in wireless network solutions with virtual control system.

We believe this global expansion will contribute to ADTRAN's growth trajectory over the next several years and be favorable for its 2012 strategy of expanding the international customer base.

However, over the near term, we expect the acquisition expenses to continue to weigh on the company's financials. This remains evident by the company' first quarter 2012 earnings results that were significantly below its year-ago performance. As expected by the company, expansion plans, acquisition expenses and increased overseas activities affected the earnings results. ADTRAN's earnings were hurt by expenses related to the acquisitions of Bluesocket Inc. and NSN's fixed-line Broadband Access business.

We are maintaining our long-term Underperform recommendation on the stock supported by a Zacks #5 Rank (Strong Sell).

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515 .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518 .

 

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com


 
ADTRAN INC (ADTN): Free Stock Analysis Report
 
FRONTIER COMMUN (FTR): Free Stock Analysis Report
 
NOKIA CP-ADR A (NOK): Free Stock Analysis Report
 
SIEMENS AG-ADR (SI): Free Stock Analysis Report
 
VERIZON COMM (VZ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.