Tech Biz Replay: Adtran’s Warning May Impact Industry Peers
Adtran (NASDAQ:ADTN) is “under competitive attack” from Calix (NYSE:CALX) at rural telcos, says Michael Genovese at MKM, to which he ascribes some of the troubles that were behind the former’s third quarter warning. In addition, he noted that Adtran’s sales to AT&T and Verizon are under pressure in part because of slumping sales of legacy hardware. Finally, Genovese allows that the warning will intensify near-term investor worries regarding industry peers such as CIENA Corporation (NASDAQ:CIEN), Alcatel-Lucent (NYSE:ALU), and Tellabs (NASDAQ:TLAB).
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>