Printer Friendly
The Free Library
22,728,043 articles and books

Montgomery Securities Initiates Coverage of ADTRAN, Inc. with a BUY Rating.

SAN FRANCISCO--(BUSINESS WIRE)--Feb. 1, 1996--Montgomery Securities Analyst Chris Crespi has initiated coverage of ADTRAN, Inc. (Nasdaq: ADTN ADTN Administrative Data Transmission Network
ADTN Administrative Data Telecommunications Network
) with a BUY rating. Crespi expects the company to earn $0.97 per share in Fiscal Year (December) 1996. His target price is $42, or 58% above current levels.

ADTRAN builds data-transport equipment that allows telecommunications carriers and their customers to facilitate digital data services over the existing copper telephone networks, also known as the "local loop." ADTRAN is a proven leader in the area of data transport in the local loop and has brought respect and attention to this entire business segment by posting solid financial performance.

The company's product line can be separated into three distinct segments: DDS (1) (Digital Data Storage) See DAT.

(2) (Data Dictionary System) See QuickBuild and OpenDDS.

(3) (Dataphone Digital S
 (Digital Data Service); ISDN ISDN
 in full Integrated Services Digital Network

Digital telecommunications network that operates over standard copper telephone wires or other media.
 (Integrated Services Digital Network Integrated services digital network (ISDN)

A generic term referring to the integration of communications services transported over digital facilities such as wire pairs, coaxial cables, optical fibers, microwave radio, and satellites.
); and HDSL (High bit-rate Digital Subscriber Line (communications, protocol) High bit-rate Digital Subscriber Line - (HDSL) A form of Digital Subscriber Line, providing T1 or E1 connections over two or three twisted-pair copper lines, respectively. ). Crespi's BUY rating is based on ADTRAN's dominance in the ISDN telco equipment market and the rapid growth expected in both the ISDN BRI (Basic Rate Interface) and the HDSL markets in 1996.

CONTACT: Montgomery Securities

Christopher J. Crespi, 415/627-2147

Elizabeth Snowdon, 415/627-2747
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 1, 1996
Previous Article:RTW, Inc. Announces Exclusive Endorsement From Minnesota Wood Promotion Council.
Next Article:Glamis Gold Ltd. - Year End to Change to December 31.

Related Articles
Montgomery initiates coverage of Juno Lighting, Inc. with a BUY rating.
Montgomery Securities Initiates Coverage of DSP Communications, Inc. "DSPC" with a BUY Rating.
Montgomery Securities Initiates Coverage of Westell Technologies, Inc. -- WSTL-- with a BUY Rating.
Montgomery Securities initiates coverage of CNS, Inc. with a BUY rating.
Montgomery Securities initiates coverage of RISCORP, Inc. with a BUY rating.
Montgomery Securities Initiates Coverage of Polycom, Inc. with a BUY Rating.
Preferred Capital Markets Initiates Coverage of Adtran With a BUY Rating.
Farmhouse Equity Research Initiates Coverage of Merrimac Industries With a Strong Buy Rating and $10 Price Target.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters