Company says taking steps to become a leaner company, including the discontinuation of legacy non-core product. Decision to suspend quarterly dividend to reduce interest expense and support its long-term capital plan “didn’t come lightly.” “We’re in a period of market uncertainty,” which resulted in a more cautious forecast, the company said. Comments taken at Adtran’s earnings call.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ADTN: