ADTRAN Boosts Connectivity in South East Australia: Stock to Gain?

ADTRAN, Inc. ADTN recently announced that Titan Telecom, a prominent telecommunications company in Australia, has opted to utilize ADTN’s FSP 3000 TeraFlex CoreChannel technology to boost digital infrastructure in Southeast Australia. Substantial growth in data traffic, growing usage of high bandwidth intensive applications and migration to cloud-based services are driving the demand for greater network capacity and flexibility. Businesses operating in the financial, healthcare sector, and content delivery networks are increasingly relying on ultra-fast and consistent connectivity for their daily operations. Supporting and managing this growing internet traffic requires substantial investment and is a major challenge for service providers and telecom organizations.ADTRAN’s industry-leading optical technology effectively addresses these issues. In the recent venture, Titan Telecom has deployed ADTN’s FSP 3000 TeraFlex CoreChannel that efficiently facilitates data transport of 800Gbit/s flexible spectrum services over a 963km backbone link between Sydney and Melbourne. Signal degradation and infrastructure limitations were major issues in long-distance data transfer using legacy systems. It seamlessly overcomes that barrier. The solution supports 400 Gbit/s, 100 Gbit/s and 10Gbit/s services and 800 Gbit/s by combining all the data streams. These flexibilities efficiently support the varied requirements of customers while minimizing the cost of Gbit per kilometer.The solution’s flexible spectrum services ensure dynamic spectrum allocation in accordance to fluctuating data demands. This optimizes fiber infrastructure and reduces operational costs for service providers. Multivendor interoperability and compatibility with existing network infrastructure are added advantage.Will This Venture Drive ADTN’s Share Performance?Successful deployment of a resilient and high-speed connectivity infrastructure in Southeast Australia will serve as a testament to ADTRAN’s industry-leading capabilities. Telecom operators and service providers worldwide are increasingly looking for cost-efficient solutions for infrastructure upgradation and match the growing adoption of high bandwidth intensive applications. These market trends present a solid growth opportunity for ADTN’s innovative optical transport technology solutions.ADTRAN’s comprehensive portfolio is a competitive differentiator, with a wide array of flexible software and hardware network solutions and services that enable operators to transition to a fully converged, scalable, highly automated, cloud-controlled voice, data, Internet and video network of the future. The company expects solid traction in domestic markets for ultra-broadband and fiber-to-the-home solutions, along with Software-Defined access and Ethernet passive optical network solutions.ADTN’s Stock Price MovementShares of ADTRAN have gained 45.5% over the past year compared with the industry’s growth of 52.6%.Image Source: Zacks Investment ResearchADTN’s Zacks Rank and Key PicksADTRAN currently carries a Zacks Rank #3 (Hold). Keysight Technologies, Inc. KEYS has a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.In the last reported quarter, it delivered an earnings surprise of 5.10%. Keysight is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.InterDigital IDCC sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 114.47%.It is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company designs and develops a wide range of advanced technology solutions used in digital cellular, wireless 3G, 4G and IEEE 802-related products and networks.Zillow Group, Inc. ZG sports a Zacks Rank #1 at present. In the last reported quarter, it delivered an earnings surprise of 9.38%. ZG delivered an earnings surprise of 25.47%, on average, in the trailing four quarters. The company is witnessing solid momentum in rental revenues, driven by growth in both multi and single-family listings, which is a positive factor.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 Holdings, Inc. (ADTN): Free Stock Analysis Report InterDigital, Inc. (IDCC): Free Stock Analysis Report Keysight Technologies Inc. (KEYS): Free Stock Analysis Report Zillow Group, Inc. (ZG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks