ADTRAN Expects 4Q23 Revenue To Be Between $210M-$240M Vs. Consensus Of $287.83M; And Non-GAAP Operating Margin Between -7% And 0%
Portfolio Pulse from Benzinga Newsdesk
ADTRAN has provided its financial outlook for Q4 2023, expecting revenues to be between $210M and $240M, which is below the consensus of $287.83M. The company also anticipates a non-GAAP operating margin between -7% and 0%.
November 07, 2023 | 6:24 am
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ADTRAN's lower than expected revenue forecast for Q4 2023 and potential negative operating margin could negatively impact its stock price in the short term.
ADTRAN's revenue forecast for Q4 2023 is significantly below the consensus estimate, which could lead to a negative market reaction and a potential decrease in its stock price. Additionally, the company's expected non-GAAP operating margin ranges from -7% to 0%, indicating potential operational difficulties, which could further negatively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100