Adtran just released earnings for the third quarter and the good news is they were 4% greater than a year ago. For the year, Adtran is ahead by by 11%. The company has also declared a quarterly dividend of nine cents per common share.
What does this news mean to the communications sector? Well, it is obviously positive and bodes well for how the communications and tech spaces can do as things slow down.
As you recall, the last 60 days or so have seen major global economic problems and to be able to beat last year’s earnings in such a tumultuous environment is a great accomplishment.
This positive communications news follows up on the recent news that AudioCodes has reaffirmed their yearly guidance.
It is difficult to predict what the next few quarters will look like but it seems a number of the companies in the communications and tech space are pretty well-prepared for a potential slow-down in the general economy.
With the ability to boost productivity and lower costs, communications and technology can really help companies get through a slower economy without the need to cut heads. And perhaps these are a few of the reasons I think the communications and tech spaces are great places to work.