Using a 36-year old movie reference to introduce a tech stock ("Is it safe?" from "Marathon Man") may not be the best approach, but it's a worthwhile question to ask with
Adtran (Nasdaq:
ADTN). Adtran is an unusually high-quality company with solid share and good growth potential in "last mile access," but the company is critically dependent on carrier spending and that makes the timing of any recovery much harder to forecast.
First Quarter Results Bad ... As Expected
Adtran made it pretty clear a month ago that carrier spending wasn't rebounding sharply in the first
quarter, as the company preannounced a very disappointing quarter.
Revenue fell 23% sequentially (and 19% from the prior year) and came in almost one-quarter below original expectations.
Continue reading here:
http://stocks.investopedia.com/stock-analysis/2012/Adtran-Looks-Cheap--But-Is-It-Safe-ADTN-JNPR-CIEN-APKT0413.aspx
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