A10 Networks Inc (ATEN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.08. The company posted revenue of $53.80 million in the period, compared to analysts expectations of $53.31 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.
Many Wall Street Analysts have commented on A10 Networks Inc. Shares were Reiterated by Oppenheimer on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 8 from a previous price target of $10 .
A10 Networks Inc opened for trading at $6.49 and hit $6.68 on the upside on Wednesday, eventually ending the session at $6.61, with a gain of 2.32% or 0.15 points. The heightened volatility saw the trading volume jump to 3,70,065 shares. Company has a market cap of $425 M.
In a different news, on Dec 2, 2015, Robert D Cochran (VP, Legal & Corp Collaboration) sold 5,000 shares at $7.61 per share price. According to the SEC, on Aug 25, 2015, Phillip J Salsbury (director) purchased 20,000 shares at $6.19 per share price. On Aug 25, 2015, Lee Chen (CEO) purchased 18,342 shares at $6.12 per share price, according to the Form-4 filing with the securities and exchange commission.
A10 Networks Inc. (A10) is a provider of advanced application networking technologies. The Company’s products are built on its Advanced Core Operating System (ACOS). Its offers three software -based advanced application networking solutions. These are Application Delivery Controllers (ADCs) which can optimize data center performance; Carrier Grade Networking products (CGN) which provides address and protocol translation services for service provider networks and Distributed Denial of Service Threat Protection System (TPS) for network-wide security protection. The Company delivers these solutions both on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. The Company offers its solutions to enterprises service providers Web giants and Government organizations.