ADTRAN, Inc. (ADTN - Free Report) recently announced that it has accepted Open Networking Foundation’s (“ONF”) offer to become a new supply chain partner and strategic advisory board member to help design and integrate next-generation access solutions within the growing open networking ecosystem. ONF is a non-profit operator-led consortium driving transformation of network infrastructure and carrier business models.
This deal enables ADTRAN to serve as a system integrator, helping operators assemble solutions based on the new Reference Design (RD), thereby leveraging open source platforms.
ADTRAN continues to focus on open, disaggregated architectures in order to disrupt the status quo in the access network. The company has reinforced its commitment to bring deployable solutions to the market by joining ONF at a partner level.
The company intends to provide active leadership and expertise to develop common platforms through a RD process. ONF’s new strategy aligns with ADTRAN’s priority to offer systems and solutions integration capabilities for operators using open source components and field-proven products and solutions. ONF’s new priority areas emphasizes on fixed and mobile broadband access, leaf-spine data center fabrics, multi-access edge, 5G solutions at the edge and continued push to develop software-defined networks.
ADTRAN is accelerating the industry’s transition to open, programmable, scalable networks by leveraging its Mosaic Software-Defined Access architecture that combines modern Web-scale technologies with open-source platforms to facilitate rapid innovation in multi-technology, multi-vendor environments.
The Mosaic cloud platform and Mosaic OS, combined with programmable network elements, provide operators with a highly agile, open-services architecture. This allows operators to better face Web-scale competition by reducing the time and cost to introduce new service, technologies and best-of-breed suppliers as they strive to reduce operational costs while creating and deploying differentiated product offerings.
ADTRAN’s products and services provide solutions supporting fiber- and copper-based infrastructures and a growing number of wireless and coax-based solutions, lowering the overall cost to deploy advanced services across a wide range of applications.
Over the past three months, ADTRAN’s shares have outperformed the industry with an average loss of 4.8% compared with 8.9% decline for the latter.
ADTRAN currently has a Zacks Rank #4 (Sell). Better-ranked stocks in the broader industry include Comtech Telecommunications Corp. (CMTL - Free Report) , Motorola Solutions, Inc. (MSI - Free Report) and Ubiquiti Networks, Inc. (UBNT - Free Report) . While Comtech sports a Zacks Rank #1 (Strong Buy), Motorola and Ubiquiti carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.
Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.
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