Adtran shares tumble after company cuts second-quarter revenue outlook (NASDAQ:ADTN)

Adtran Holdings, a networking equipment manufacturer, saw its stock price decline following a revision to its second-quarter financial expectations. The company adjusted its preliminary revenue forecast to a range of $280.0 million to $282.0 million, representing a reduction from its prior guidance of $283.0 million to $303.0 million. The new range also fell short of analyst expectations, which had anticipated $293.4 million in quarterly revenue.
Management attributed the downward revision to t