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Adtran Coming Out of Oversold On Record Revenue

Posted by on April 18, 2017 7:27 PM
Categories: Stocks

April 18, 2017: Adtran’s stock is coming out of oversold on blockbuster revenue. The company reports Q1 EPS of $0.18 versus the $0.13 estimate. Revenue also beat coming in at $170.3 million versus the $168 million estimate.

The CEO Thomas R. Stanton said, “We started 2017 setting a company record for first quarter revenue, driven by increasing momentum in our ultra-broadband product sales and continuing strength in our services area. Most notably, we had very strong performances in our fiber to the premises and vectoring products in both our domestic and international markets. ADTRAN continues to be at the forefront of enabling internet service providers of all types to meet increasing customer demand and decrease their time to market for next generation services.”

Adtran Stock Chart

The Finviz screener settings used to find Adtran are: EPS growth this year 95% – 100%, EPS growth next year Over 15%, EPS growth qtr over qtr 30% – 40%

ADTRAN, Inc. is a leading global provider of networking and communications equipment. ADTRAN’s products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations, and millions of individual users worldwide.