ADTRAN Sees Lower Rev In 1Q
ADTRAN Inc. (NASDAQ:ADTN) expects the ongoing first quarter to be hit by a slower start to the seasonal buying pattern and a delay in orders due to new system implementations. The company now expects revenue in the range of $130–$135 million. Previously, ADTRAN had projected stable revenue of $175.3 million. The company expects to deliver [...]
ADTRAN Inc. (NASDAQ:ADTN) expects the ongoing first quarter to be hit by a slower start to the seasonal buying pattern and a delay in orders due to new system implementations.
The company now expects revenue in the range of $130–$135 million. Previously, ADTRAN had projected stable revenue of $175.3 million.
The company expects to deliver lackluster sales to T1 customers given their lower spending, which would weigh on its overall revenue. The company’s traditional products, mainly HDSL will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards