A10 Networks (NYSE:ATEN) Releases Q3 Earnings Guidance

A10 Networks (NYSE:ATEN) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.04) – $0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of $50-54 million, compared to the consensus revenue estimate of $61.92 million.A10 Networks also updated its Q3 2019 guidance to $-0.04-0.03 EPS.

Several research firms recently issued reports on ATEN. Zacks Investment Research raised shares of Investar from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Tuesday, June 4th. ValuEngine lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, July 17th.

A10 Networks stock traded down $0.16 during midday trading on Tuesday, hitting $7.25. The stock had a trading volume of 699,900 shares, compared to its average volume of 408,221. The stock has a fifty day moving average of $6.96. The stock has a market capitalization of $564.99 million, a P/E ratio of -32.95 and a beta of 0.75. A10 Networks has a 52-week low of $5.51 and a 52-week high of $7.94.

In related news, CFO Thomas Constantino sold 15,492 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $6.98, for a total value of $108,134.16. Following the completion of the sale, the chief financial officer now directly owns 210,816 shares of the company’s stock, valued at approximately $1,471,495.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 28.87% of the company’s stock.

A10 Networks Company Profile

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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