Advertisement
U.S. markets open in 6 hours 52 minutes
  • S&P Futures

    5,208.50
    -6.25 (-0.12%)
     
  • Dow Futures

    39,211.00
    -12.00 (-0.03%)
     
  • Nasdaq Futures

    18,186.25
    -45.25 (-0.25%)
     
  • Russell 2000 Futures

    2,048.30
    -1.50 (-0.07%)
     
  • Crude Oil

    82.55
    -0.17 (-0.21%)
     
  • Gold

    2,158.90
    -5.40 (-0.25%)
     
  • Silver

    25.11
    -0.15 (-0.61%)
     
  • EUR/USD

    1.0870
    -0.0007 (-0.07%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.33
    -0.08 (-0.56%)
     
  • GBP/USD

    1.2708
    -0.0021 (-0.16%)
     
  • USD/JPY

    150.3170
    +1.2190 (+0.82%)
     
  • Bitcoin USD

    64,794.35
    -3,589.27 (-5.25%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,722.55
    -4.87 (-0.06%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

ADTRAN Launches Simple Yet Effective Enterprise-Class Wi-Fi

ADTRAN, Inc. ADTN recently announced the launch of a simple and easy-to-use enterprise-class Wi-Fi solution for the small business market. The product leverages machine learning technology and cloud-managed IT model to effectively serve this underserved market.

Per the U.S. Census Bureau 2015 Statistics, the total addressable market for micro and small businesses that utilize Wi-Fi includes 5.8 million business entities with a cumulative worth of more than $2.8 billion. These business units often lack the requisite technical expertise to handle any issues related to typical enterprise-class Wi-Fi solutions with limited or no IT staff. Moreover, these Wi-Fi solutions are mostly expensive and complicated to handle for everyday use.

ADTRAN fills this void by uniquely positing the new Wi-Fi product with a simpler, more cost-effective solution. The product is designed to enable service providers optimize their operating expenses and increase average revenue per user. It requires no installation or management of on-premises controller or software and is entirely cloud-managed as access points automatically discover the cloud and download firmware configuration. Effectively priced at about 75% lower than the variants in the market, the product requires no specialized IT setup and offers seamless upgrade to advanced features with flexible deployment options.

ADTRAN is focused on being a top global supplier of Access infrastructure and related value-added solutions from the Cloud Edge to the Subscriber Edge through a broad portfolio of flexible hardware and software network solutions. These products enable customers to transition to the fully converged, scalable, highly automated, cloud-controlled voice, data, Internet and video network of the future.

Shares of ADTRAN have recorded an average return of 15.3% in the past six months, while the industry’s average decline is 8.4%.

Moving into the second half of 2018, ADTRAN expects solid traction in its domestic markets for ultra-broadband and Fiber-To-The-Home solutions along with SD access and EPON solutions. The company also anticipates a pickup in cap spending in Tier-1, Tier-2 and regional service provider market segments. ADTRAN’s global leadership in software-defined access is likely to ensure a steady stream of revenues as it helps clients reduce cost and accelerate service delivery and deployment.

ADTRAN currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader industry include United States Cellular Corporation USM, AT&T Inc. T and Windstream Holdings, Inc. WIN. While United States Cellular sports a Zacks Rank #1 (Strong Buy), AT&T and Windstream carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.    
       
United States Cellular has long-term earnings growth expectation of 1%. It surpassed earnings estimates thrice in the trailing four quarters, with an average positive surprise of 303.6%.

AT&T has long-term earnings growth expectation of 3.6%. It surpassed earnings estimates twice in the trailing four quarters, with an average positive surprise of 5.9%.        

Windstream surpassed earnings estimates twice in the trailing four quarters, with an average positive surprise of 23.5%.

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>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ADTRAN, Inc. (ADTN) : Free Stock Analysis Report
 
AT&T Inc. (T) : Free Stock Analysis Report
 
Windstream Holdings, Inc. (WIN) : Free Stock Analysis Report
 
United States Cellular Corporation (USM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

Advertisement