Home / Networking / A10 Networks (ATEN) Updates Q1 Earnings Guidance – Fairfield Current

A10 Networks (ATEN) Updates Q1 Earnings Guidance – Fairfield Current

A10 Networks (NYSE:ATEN) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of (0.10-0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.02). The company issued revenue guidance of $49-53 million, compared to the consensus revenue estimate of $55.89 million.

Several research firms have recently weighed in on ATEN. Zacks Investment Research cut shares of A10 Networks from a buy rating to a hold rating in a report on Tuesday, January 1st. DA Davidson raised A10 Networks from a neutral rating to a buy rating and set a $6.06 target price on the stock in a research note on Monday, December 10th.

ATEN traded down $0.58 during trading on Friday, reaching $6.48. The stock had a trading volume of 705,321 shares, compared to its average volume of 359,215. The stock has a market cap of $521.02 million, a PE ratio of -29.45 and a beta of 0.73. A10 Networks has a one year low of $5.51 and a one year high of $7.46.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $61.83 million for the quarter, compared to analysts’ expectations of $61.06 million. A10 Networks had a negative return on equity of 20.73% and a negative net margin of 11.89%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, equities research analysts predict that A10 Networks will post -0.21 EPS for the current year.

In related news, EVP Christopher P. White sold 9,303 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $6.15, for a total value of $57,213.45. Following the transaction, the executive vice president now owns 81,020 shares of the company’s stock, valued at $498,273. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 28.87% of the stock is owned by corporate insiders.

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About A10 Networks

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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