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ADTRAN Holdings, Inc. (NASDAQ:ADTN), a leading provider of telecommunications equipment with annual revenue of $922.72 million and a market capitalization of $614.92 million, announced today that its majority-owned subsidiary, Adtran Networks SE, has released an ad hoc notification detailing a deviation in its final financial results for the fiscal year ended December 31, 2024, from the preliminary figures previously disclosed. The announcement was made public on Tuesday, April 15, 2025, by Adtran Networks SE, which is listed on the Frankfurt Stock Exchange and subject to German and European securities laws.
The company is currently evaluating the impact of these adjustments on its historical financial statements. While the company wasn’t profitable over the last twelve months, InvestingPro data shows analysts expect a return to profitability in 2025. The changes pertain to the subsidiary’s final International Financial Reporting Standards (IFRS) financial statements, which differ from the preliminary results.
ADTRAN Holdings has emphasized that the information provided in the current report should not be considered as "filed" for the purposes of the Securities Exchange Act of 1934, nor should it be incorporated by reference into any filings under the Securities Act of 1933 or the Exchange Act, except as explicitly stated in such filings.
The company also included forward-looking statements in the report, cautioning that actual results could materially differ due to various risks and uncertainties. ADTRAN Holdings disclaims any obligation to update or revise these forward-looking statements, except as required by law.
The announcement, based on a press release statement, signals transparency in ADTRAN Holdings’ financial reporting and a commitment to keeping its investors informed. The company’s next steps will include a thorough assessment of the adjustments’ implications on its financial records.
In other recent news, ADTRAN Inc. announced its fourth-quarter 2024 financial results, reporting a revenue of $242.9 million, which exceeded the forecast of $238.87 million. This represents an 8% year-over-year increase, although the company reported an earnings per share (EPS) of 0, missing the expected 0.02. Despite the EPS miss, the company achieved a positive non-GAAP operating profit for the first time, indicating effective cost management. Needham analysts responded by increasing the price target for ADTRAN shares from $11.00 to $14.00, maintaining a Buy rating due to confidence in the company’s growth prospects. The analysts revised their revenue estimates for fiscal year 2025 upward, reflecting optimism in ADTRAN’s execution capabilities. The company also provided guidance for Q1 2025, anticipating revenue between $237.5 million and $252.5 million, with a non-GAAP operating margin forecast of 0-4%. These developments suggest a strategic focus on operational improvements and market recovery, with ADTRAN’s management emphasizing inventory management and strategic customer acquisitions.
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