ADTN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADTN, following the Company's disclosure of its third quarter fiscal 2017 operating results on October 17, 2017. The networking equipment maker exceeded earnings estimates and also declared a dividend of $0.09 per share to be paid to shareholders of record as on November 01, 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ADTN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ADTN

Earnings Reviewed

For the quarter ended September 30, 2017, ADTRAN's sales were $185.1 million, up 9.6% compared to sales of $168.9 million for Q3 2016. The Company's reported sales numbers missed analysts' estimates of $185.4 million.

During Q3 2017, ADTRAN's GAAP gross margins were 46.7% compared to 44.9% for Q3 2016. The Company's operating income was $18.3 million on a GAAP basis for the reported quarter, up 81% compared to the $10.1 million reported in the year-ago same period. The y-o-y increase in operating income was attributable to higher revenue with a favorable mix of gross margins, partially offset by higher operating expenses.

ADTRAN's non-GAAP operating income, or adjusted earnings before interest and taxes (EBIT), was $20.8 million for Q3 2017, reflecting an increase of 46% compared to $14.3 million for Q3 2016. The Company's adjusted EBIT margin was 11.3% for the reported quarter compared to 8.5% for the year-earlier corresponding quarter.

For Q3 2017, ADTRAN reported net income of $15.90 million, up 28% compared to $12.42 million for Q3 2016. The Company's earnings per share (EPS), assuming dilution, was $0.33 for the reported quarter versus $0.26 for the prior year's comparable quarter. ADTRAN's non-GAAP EPS increased 42% to $0.37 for Q3 2017 compared to $0.26 for Q3 2016. The Company's earnings beat Wall Street's estimates of $0.27 per share.

Segment Results

During Q3 2017, ADTRAN's Networking Solutions segment's revenues, including both international and domestic markets, came in at $145.5 million, up 7% on a y-o-y basis. The Company's Services & Support segment's revenues were a record $39.6 million during the reported quarter, reflecting a growth of 22% on a y-o-y basis. ADTRAN's domestic markets revenues were $147.9 million, or 80% of the total revenue, while its international revenues were $37.2 million, or 20% of the overall revenue, for the reported quarter. ADTRAN's domestic revenues grew 16% on a y-o-y basis, led by a growth in the Company's domestic tier 1 products and services businesses, while its international business revenues decreased 10% on a y-o-y basis.

On a category basis, ADTRAN's Access & Aggregation segment's revenues totaled $136 million, up 13% compared to revenues of $120.6 million for Q3 2016. The Company's Customer Devices segment's revenues were $35.6 million for the reported quarter, up 8% compared to $33 million for the year-ago same period. ADTRAN's Traditional & Other Products segment's revenues totaled $13.6 million for Q3 2017, down 11% compared to $15.3 million for Q3 2016.

Cash Matters

ADTRAN's unrestricted cash and marketable securities, net of debt, totaled $249.2 million at the end of Q3 2017, after paying $4.3 million in dividends during the reported quarter. For Q3 2017, ADTRAN produced $1.4 million of cash flow from operations. The Company's net trade accounts receivable were $101.6 million at quarter-end, resulting in a Day Sales Outstanding (DSO) of 51 days compared to 55 days at the end of Q3 2016.

ADTRAN announced that its Board of Directors declared a cash dividend for the third quarter of 2017. The quarterly cash dividend is at $0.09 per common share and will be paid to holders of record at the close of business on November 01, 2017. The ex-dividend date is October 31, 2017, and the payment date is set for November 15, 2017.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $21.85, dropping 2.24% from its previous closing price of $22.35. A total volume of 695.27 thousand shares have exchanged hands, which was higher than the 3-month average volume of 345.81 thousand shares. ADTRAN's stock price surged 11.20% in the past six months and 9.52% in the previous twelve months. The stock is trading at a PE ratio of 27.21 and has a dividend yield of 1.65%. At Thursday's closing price, the stock's net capitalization stands at $1.04 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

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Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478376

"/> Earnings Review and Free Research Report: ADTRAN’s Sales Increased 9.6%; Adjusted EPS Soared 42% « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Review and Free Research Report: ADTRAN’s Sales Increased 9.6%; Adjusted EPS Soared 42%

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on ADTRAN, Inc. (NASDAQ: ADTN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADTN, following the Company's disclosure of its third quarter fiscal 2017 operating results on October 17, 2017. The networking equipment maker exceeded earnings estimates and also declared a dividend of $0.09 per share to be paid to shareholders of record as on November 01, 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ADTN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ADTN

Earnings Reviewed

For the quarter ended September 30, 2017, ADTRAN's sales were $185.1 million, up 9.6% compared to sales of $168.9 million for Q3 2016. The Company's reported sales numbers missed analysts' estimates of $185.4 million.

During Q3 2017, ADTRAN's GAAP gross margins were 46.7% compared to 44.9% for Q3 2016. The Company's operating income was $18.3 million on a GAAP basis for the reported quarter, up 81% compared to the $10.1 million reported in the year-ago same period. The y-o-y increase in operating income was attributable to higher revenue with a favorable mix of gross margins, partially offset by higher operating expenses.

ADTRAN's non-GAAP operating income, or adjusted earnings before interest and taxes (EBIT), was $20.8 million for Q3 2017, reflecting an increase of 46% compared to $14.3 million for Q3 2016. The Company's adjusted EBIT margin was 11.3% for the reported quarter compared to 8.5% for the year-earlier corresponding quarter.

For Q3 2017, ADTRAN reported net income of $15.90 million, up 28% compared to $12.42 million for Q3 2016. The Company's earnings per share (EPS), assuming dilution, was $0.33 for the reported quarter versus $0.26 for the prior year's comparable quarter. ADTRAN's non-GAAP EPS increased 42% to $0.37 for Q3 2017 compared to $0.26 for Q3 2016. The Company's earnings beat Wall Street's estimates of $0.27 per share.

Segment Results

During Q3 2017, ADTRAN's Networking Solutions segment's revenues, including both international and domestic markets, came in at $145.5 million, up 7% on a y-o-y basis. The Company's Services & Support segment's revenues were a record $39.6 million during the reported quarter, reflecting a growth of 22% on a y-o-y basis. ADTRAN's domestic markets revenues were $147.9 million, or 80% of the total revenue, while its international revenues were $37.2 million, or 20% of the overall revenue, for the reported quarter. ADTRAN's domestic revenues grew 16% on a y-o-y basis, led by a growth in the Company's domestic tier 1 products and services businesses, while its international business revenues decreased 10% on a y-o-y basis.

On a category basis, ADTRAN's Access & Aggregation segment's revenues totaled $136 million, up 13% compared to revenues of $120.6 million for Q3 2016. The Company's Customer Devices segment's revenues were $35.6 million for the reported quarter, up 8% compared to $33 million for the year-ago same period. ADTRAN's Traditional & Other Products segment's revenues totaled $13.6 million for Q3 2017, down 11% compared to $15.3 million for Q3 2016.

Cash Matters

ADTRAN's unrestricted cash and marketable securities, net of debt, totaled $249.2 million at the end of Q3 2017, after paying $4.3 million in dividends during the reported quarter. For Q3 2017, ADTRAN produced $1.4 million of cash flow from operations. The Company's net trade accounts receivable were $101.6 million at quarter-end, resulting in a Day Sales Outstanding (DSO) of 51 days compared to 55 days at the end of Q3 2016.

ADTRAN announced that its Board of Directors declared a cash dividend for the third quarter of 2017. The quarterly cash dividend is at $0.09 per common share and will be paid to holders of record at the close of business on November 01, 2017. The ex-dividend date is October 31, 2017, and the payment date is set for November 15, 2017.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $21.85, dropping 2.24% from its previous closing price of $22.35. A total volume of 695.27 thousand shares have exchanged hands, which was higher than the 3-month average volume of 345.81 thousand shares. ADTRAN's stock price surged 11.20% in the past six months and 9.52% in the previous twelve months. The stock is trading at a PE ratio of 27.21 and has a dividend yield of 1.65%. At Thursday's closing price, the stock's net capitalization stands at $1.04 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478376

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on ADTRAN, Inc. (NASDAQ: ADTN), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADTN, following the Company's disclosure of its third quarter fiscal 2017 operating results on October 17, 2017. The networking equipment maker exceeded earnings estimates and also declared a dividend of $0.09 per share to be paid to shareholders of record as on November 01, 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ADTN. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ADTN

Earnings Reviewed

For the quarter ended September 30, 2017, ADTRAN's sales were $185.1 million, up 9.6% compared to sales of $168.9 million for Q3 2016. The Company's reported sales numbers missed analysts' estimates of $185.4 million.

During Q3 2017, ADTRAN's GAAP gross margins were 46.7% compared to 44.9% for Q3 2016. The Company's operating income was $18.3 million on a GAAP basis for the reported quarter, up 81% compared to the $10.1 million reported in the year-ago same period. The y-o-y increase in operating income was attributable to higher revenue with a favorable mix of gross margins, partially offset by higher operating expenses.

ADTRAN's non-GAAP operating income, or adjusted earnings before interest and taxes (EBIT), was $20.8 million for Q3 2017, reflecting an increase of 46% compared to $14.3 million for Q3 2016. The Company's adjusted EBIT margin was 11.3% for the reported quarter compared to 8.5% for the year-earlier corresponding quarter.

For Q3 2017, ADTRAN reported net income of $15.90 million, up 28% compared to $12.42 million for Q3 2016. The Company's earnings per share (EPS), assuming dilution, was $0.33 for the reported quarter versus $0.26 for the prior year's comparable quarter. ADTRAN's non-GAAP EPS increased 42% to $0.37 for Q3 2017 compared to $0.26 for Q3 2016. The Company's earnings beat Wall Street's estimates of $0.27 per share.

Segment Results

During Q3 2017, ADTRAN's Networking Solutions segment's revenues, including both international and domestic markets, came in at $145.5 million, up 7% on a y-o-y basis. The Company's Services & Support segment's revenues were a record $39.6 million during the reported quarter, reflecting a growth of 22% on a y-o-y basis. ADTRAN's domestic markets revenues were $147.9 million, or 80% of the total revenue, while its international revenues were $37.2 million, or 20% of the overall revenue, for the reported quarter. ADTRAN's domestic revenues grew 16% on a y-o-y basis, led by a growth in the Company's domestic tier 1 products and services businesses, while its international business revenues decreased 10% on a y-o-y basis.

On a category basis, ADTRAN's Access & Aggregation segment's revenues totaled $136 million, up 13% compared to revenues of $120.6 million for Q3 2016. The Company's Customer Devices segment's revenues were $35.6 million for the reported quarter, up 8% compared to $33 million for the year-ago same period. ADTRAN's Traditional & Other Products segment's revenues totaled $13.6 million for Q3 2017, down 11% compared to $15.3 million for Q3 2016.

Cash Matters

ADTRAN's unrestricted cash and marketable securities, net of debt, totaled $249.2 million at the end of Q3 2017, after paying $4.3 million in dividends during the reported quarter. For Q3 2017, ADTRAN produced $1.4 million of cash flow from operations. The Company's net trade accounts receivable were $101.6 million at quarter-end, resulting in a Day Sales Outstanding (DSO) of 51 days compared to 55 days at the end of Q3 2016.

ADTRAN announced that its Board of Directors declared a cash dividend for the third quarter of 2017. The quarterly cash dividend is at $0.09 per common share and will be paid to holders of record at the close of business on November 01, 2017. The ex-dividend date is October 31, 2017, and the payment date is set for November 15, 2017.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $21.85, dropping 2.24% from its previous closing price of $22.35. A total volume of 695.27 thousand shares have exchanged hands, which was higher than the 3-month average volume of 345.81 thousand shares. ADTRAN's stock price surged 11.20% in the past six months and 9.52% in the previous twelve months. The stock is trading at a PE ratio of 27.21 and has a dividend yield of 1.65%. At Thursday's closing price, the stock's net capitalization stands at $1.04 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478376

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-adtrans-sales-increased-9-6-adjusted-eps-soared-42/253057

Source: AccessWire

Release ID: 253057


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