ADTRAN For Q3 Expects Revenue Of $215M-$235M Vs. $225.875M Consensus; And Adj. Operating Margin Of -1% To +3%
Portfolio Pulse from Benzinga Newsdesk
ADTRAN has provided its revenue and operating margin guidance for Q3 2024. The company expects revenue between $215 million and $235 million, compared to the consensus estimate of $225.875 million. The non-GAAP operating margin is projected to be between -1% and +3%.
August 06, 2024 | 6:05 am
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ADTRAN has issued its Q3 2024 revenue guidance of $215M-$235M, which is in line with the consensus estimate of $225.875M. The non-GAAP operating margin is expected to range from -1% to +3%.
The revenue guidance is in line with the consensus estimate, which suggests no significant deviation from market expectations. The wide range of the operating margin indicates uncertainty, which could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100