Markets

ADTRAN Boosts Rural Broadband Connectivity in Orange County

As part of the rural broadband initiative, networking equipment maker ADTRAN, Inc. ADTN recently joined forces with Orange County Broadband Authority (“OCBA”) to deploy its fiber access platform — Total Access 5000 (TA5000). Notably, this avant-garde solution has been selected by the administrative body to provide seamless broadband connectivity to the underserved communities residing in the rural areas of the county.

Markedly, OCBA provides affordable and high-speed broadband services to promote economic development in the rural areas. Equipped with a multi-faceted approach, it capitalizes on dark fiber connectivity assets to power various public safety facilities with best-in-class network infrastructure. Thanks to large upfront capital expenses, private broadband companies are currently not able to provide affordable network connectivity services to their customers. OCBA intends to minimize such capital expenditures for private service providers for the larger benefit.

ADTRAN’s TA5000 solution, which is considered to be one of the world’s most deployed fiber access platform, provides an end-to-end high-performance broadband connectivity. It enables service providers to rapidly expand network capacity and deliver top-notch multi-gigabit services with reduced time to market. It is an integral component of 10G fiber access portfolio and has been specifically designed to support burgeoning network demand in an economical manner. The cutting-edge platform accelerates service velocity and simplifies network planning and capacity management to minimize operating expenditure. As part of the latest collaboration, OCBA will also capitalize on ADTRAN’s fixed wavelength passive optical network technology — XGS-PON — to address the accretive broadband requirements of communities and subscribers.

Apart from providing scalable network architecture, ADTRAN’s latest move highlights that its 10G fiber access technology is well positioned to optimize its customer, geographic and product diversity momentum as service providers aim to improve speed and augment network capabilities. This partnership will help OCBA to upgrade their network infrastructure and eliminate the digital divide. These industry-leading broadband connectivity initiatives will not only create numerous employment opportunities for the unemployed residents but also help to digitally update archives. Notably, the latest deployment is being conducted through ADTRAN’s ‘Enabling Communities, Connecting Lives’ program.

Moving forward, ADTRAN is poised to benefit from growing customer engagements across its portfolio of software-defined access, 10G solutions and G.fast products. The company’s network implementation services provide speed and scale to build fiber and fixed wireless networks. This, in turn, enables service providers to reach more customers and expand their competitive edge. Its global strategy of diversification across geographies and markets bodes well..

Backed by diligent execution of operational strategies, shares of ADTRAN have rallied 33.4% compared with the industry’s rise of 25.6% in the past three months.



ADTRAN currently carries a Zacks Rank #3 (Hold).

Some other better-ranked stocks in the broader industry are T-Mobile US, Inc. TMUS, Calix, Inc. CALX and Bandwidth Inc. BAND. While T-Mobile US sports a Zacks Rank #1 (Strong Buy), Calix and Bandwidth carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

T-Mobile US’ bottom line surpassed the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 19.4%, on average.

Calix’s bottom line surpassed the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 43%, on average.

Bandwidth’s bottom line surpassed the Zacks Consensus Estimate in the last four quarters. The company has a trailing four-quarter positive earnings surprise of 89.4%, on average.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Click to get this free report

ADTRAN, Inc. (ADTN): Free Stock Analysis Report

Calix, Inc (CALX): Free Stock Analysis Report

TMobile US, Inc. (TMUS): Free Stock Analysis Report

Bandwidth Inc. (BAND): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More