Another solution designed to expand Internet connectivity to remote and rural areas has been unveiled by ADTRAN Inc. (ADTN). Currently, ADTRAN joins relevant programs, and the outlook is positive, reflected in the current quotes.
During the last business day, ADTRAN Inc. (ADTN) rose 0.93% to end the day at $17.34. There were 0.17 million shares traded versus a volume average of 313.79k for the last three months. During the trading session, the stock rose or fell between $17.07 and $17.53. During the past five days, ADTN’s stock has lost -0.06% of its value and moved 6.97% over the past one month, but the ADTN stock has gained 17.40% on an annual basis. Its 50-day moving average of $17.06 is above the 200-day moving average of $13.49. Further, the stock currently trades at an RSI of 51.93.
ADTRAN announced last week the release of a new solution, the ADTRAN Total Access Communication Node (TA5004). There is a set of interfaces and housing to deploy the last mile of fast Internet connections in rural areas. Fibre-optic communication lines extend to these nodes, from which copper wires, optical fibres or wireless lines can be diverted. The advantage of ADTRAN is the simplicity of deployment, as the box can be used in any location on a street pole. It can utilize existing communication lines or can be set up completely from scratch. Other benefits of the TA5004 include built-in cooling. The system can be powered by just about power sources: solar panels, utility power, diesel generator, etc.
The ADTRAN system enables networks to scale and have high connection speeds of up to 1 Gb/s. COVID-19 has contributed to the expansion of demand for these systems to a substantial extent. People who telecommute have driven up the demand for houses in remote and rural areas.
