Key Developments: ADTRAN Inc (ADTN.O)
22.81USD
20 May 2013
$0.02 (+0.09%)
$22.79
$22.69
$22.91
$22.58
398,527
942,939
$31.03
$15.38
Latest Key Developments (Source: Significant Developments)
Marathon Patent Group Inc's Relay IP Files Patent Infringement Lawsuits Against Adtran Inc and Others
Marathon Patent Group Inc's Relay IP (Relay) has filed patent infringement lawsuits in the United States District Court for the District of Delaware against Sprint Nextel Corporation, Juniper Networks, Cisco Systems, Bloomberg L.P., Hitachi Cable America, D-Link Corporation, Avaya, Hewlett-Packard Company, Enterasys Networks, Extreme Networks, TIBCO Software, BT Group, SAVVIS Inc., Zhone Technologies, Huawei Technologies, Allied Telesis, and Adtran (the Defendants). Relay is asserting infringement related to U.S. Patent number 5,331 ,637, entitled Multicast Routing Using Core Based Trees. The lawsuit alleges that the Defendants have infringed, and continue to infringe, the claims of the patent in suit by using the accused IP Multicast systems and methods covered by the claims of the Relay patent. Full Article
Adtran Inc Announces Additional Five Million Share Repurchase Plan
Adtran Inc announced that its Board of Directors has authorized the repurchase of an additional 5,000,000 shares of the Company's common stock to commence upon completion of the repurchase plan announced October 11, 2011. There are 506,538 shares remaining to be repurchased under the October 2011 plan. Upon completion of the current plan, the new plan will be implemented. Full Article
Adtran Inc Declares Quarterly Cash Dividend
Adtran Inc announced that its Board of Directors declared a cash dividend for the first quarter of 2013. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on April 25, 2013. The ex-dividend date is April 23, 2013 and the payment date is May 9, 2013. Full Article
Adtran Inc And Accuris Networks Partner To Extend Cellular Service Continuity To Wireless LAN
Adtran Inc announced a partnership with Accuris Networks, provider of Wi-Fi offload and roaming inter-working solutions, to deliver a secure, flexible and scalable network virtualization architecture for cloud-based mobile offload and roaming. Accuris has joined ADTRAN's Total Solution Alliance Program, partnering with ADTRAN to provide reliable, performance-enhanced network solutions that enable converged services with superior quality and availability. Full Article
Adtran Inc Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Adtran Inc announced that for first quarter of 2013, it expects revenues to be in the range of what the company saw in fourth quarter of 2012. The Company reported revenue of $139.76 million in fourth quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $139.48 for first quarter of 2013. Full Article
Adtran Inc Declares Quarterly Cash Dividend
Adtran Inc announced that its Board of Directors declared a cash dividend for the fourth quarter of 2012. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on February 7, 2013. The ex-dividend date is February 5, 2013 and the payment date is February 21, 2013. Full Article
Adtran Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Adtran Inc announced that for fourth quarter of 2012, it expects revenues to be down in teens percentage point range on a sequential basis. The Company reported revenue of $162.13 million in third quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $149 million for fourth quarter of 2012. Full Article
Adtran Inc Declares Quarterly Cash Dividend
Adtran Inc announced that its Board of Directors declared a cash dividend for the third quarter of 2012. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on October 25, 2012. The ex-dividend date is October 23, 2012 and the payment date is November 8, 2012. Full Article
Adtran Inc Lowers Q3 2012 Revenue Guidance; Revises Q3 2012 EPS Guidance
Adtran Inc announced revised revenue and earnings estimates for the third quarter of 2012. Based upon information currently available, revenue for the quarter is expected to be approximately $162 million. GAAP earnings per share for the quarter, assuming dilution, are expected to range from $0.14 to $0.15. Non-GAAP earnings per share for the quarter are expected to range from $0.18 to $0.19. Full Article
ADTRAN, Inc. Issues Q3 2012 Guidance In Line With Analysts' Estimates-Conference Call
ADTRAN, Inc. announced that for the third quarter of 2012, the Company expects the sluggish economic environment that will negatively impact the Company's revenues, and therefore the Company is cautious going into the third quarter of 2012. With that in mind, for the third quarter of 2012, the Company is planning for total revenues to be flat to slightly up on a sequential basis. The Company reported revenues of $184 million in the second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $192 million for the third quarter of 2012. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
