Adtran vs. Cisco Earnings
The company put up a good second quarter, announced last month, with 28 percent growth in its Carrier Networks Division compared with the previous year. Enterprise grew 37 percent. Adtran's PR folks interpret the numbers as a sign the company's nibbling at Cisco's main markets, which might be a bit of a stretch. (See Adtran Reports Q2.)
Of course, Adtran also scores high in the category of Not Being Cisco. Revenues for the second quarter were $150 million, probably around what Cisco spends on coffee creamer each week.
So, Adtran isn't going to get a Nielsen-worthy audience for its earnings, especially during the summer. But a cheap mention on a blog? Sure, why not?
By the way, analyst George Notter of Jefferies & Company Inc. wrote at the time that the quarter was good and the products were showing promise, but that the stock had run up too much to recommend. So, there's such a thing as too much good news.
— Craig Matsumoto, West Coast Editor, Light Reading