ADC said it is on target to meet its fourth-quarter forecast as it provided an update on its cost-cutting measures.

The broadband network equipment and systems provider forecast last month that it expected a fourth-quarter pro forma loss of 7 cents to 9 cents a share, on revenue of roughly $200 million.

During the quarter, ADC worked to put revenue more in line with demand, including revealing plans to close some plants, unload some non-core business units and discontinue the development of its intelligent access network (iAN) broadband access gateway platform.

To that end, the company has closed its facilities in Vadnais Heights, Minn. and Jarfalla, Sweden and has ceased development, marking and sales related to the iAN platform.

ADC also announced Verrillon Inc. has purchased its passive photonic components business unit in Canberra, Australia for an undisclosed sum. The sale will not impact ADC’s traditional fiber and copper connectivity businesses, ADC executives said.

Under the terms, ADC has transferred its development, production and testing capabilities for tap couplers, splitters, combiners, wavelength division multiplexers and fiber Bragg gratings to Verrillon. The existing management and employee base also is included in the deal.

The name of the unit will revert to AOFR, its name before ADC acquired it in 1995. As part of the deal, ADC and AOFR have inked a supply agreement.

Its cost-cutting measures will result in a non-recurring restructuring charge in the fourth quarter. ADC has yet to outline the details of the charge, but plans to release its full fourth-quarter results after the market closes on Dec. 3.

As of 11:52 a.m. EST, ADC share were up 9 cents, or 5.7 percent, to $1.67. Over the last 52 weeks, the company’s shares have traded as high as $5.97 and as low as $1.02.