ADTRAN (NASDAQ:ADTN) Strongly Positioned in Access Equipment

ADTRAN (NASDAQ:ADTN) has finished up a strong 2010 and appears ready for a solid 2011, according to Barclays, which sees a solid year for them in access equipment.

Barclays says, "We expect ADTRAN's 4Q results to wrap up a strong year and set the company up for a solid 2011. In our view, ADTRAN is well situated to benefit from its positioning in access equipment where we expect continued and sustainable investment through 2011."

"Our new 2010 estimates reflect better than seasonal trends in 4Q. Our 2011 outlook reflects some moderation in ADTRAN's HDSL business, but continued growth in next generation product demand, particularly as the company continues to benefit from fiber based deployments." (FY11 from $1.66 to $1.67 and FY12 from $1.90 to $1.95)."

Barclays reiterates an "Overweight" rating on ADTRAN (ADTN), which closed Tuesday at $39.65, up $0.25, or 0.63 percent. Barclays raised their price target on ADTRAN from $38 to $43.