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ADTRAN Remains Firmly Negative After Initial Sell-Off

After gapping open sharply lower, shares of ADTRAN (ADTN) have climbed off their worst levels of the day but continue to see significant weakness in afternoon trading on Friday. ADTRAN is currently down by 14.3 percent after hitting its lowest intraday level in over a year.

The initial sell-off by ADTRAN came after the networking and communications equipment provider offered disappointing fourth quarter guidance.

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