A10 Networks, Inc. (NYSE:ATEN) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.09 per share from $ 55.65 million in revenue.
For the full year, analysts predict revenues of $ 224.34 million, while looking forward to income of $ 0.36 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 53.00 million ~ $ 56.00 million
Click Here For More Historical Outlooks Of A10 Networks, Inc.
Previous Quarter Performance
A10 Networks, Inc. communicated income for the second quarter of $ 0.09 per share, from the revenue of $ 52.50 million. The quarterly revenues reduced 1.06 percent compared with the same quarter last year. Street analysts expected A10 Networks, Inc. to report income of $ 0.08 per share on revenue of $ 52.10 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 12.50 percent, at the same time, top line results outshined analysts by $ 0.40 million or 0.77 percent.
Stock Performance
Shares of A10 Networks, Inc. traded low $ 0.00 or 0.00 percent on Friday, reaching $ 7.17 with volume of 703.70 thousand shares. A10 Networks, Inc. has traded high as $ 7.20 and has cracked $ 7.06 on the downward trend
According to the previous trading day, closing price of $ 7.17, representing a 109.04 % increase from the 52 week low of $ 3.43 and a 22.15 % decrease over the 52 week high of $ 9.21.
The company has a market capital of $ 558.75 million and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 18th September 2020, maintained by Sidoti at Buy rating, with $ 13.00 target price.
Conference Call
A10 Networks, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.a10networks.com
A10 Networks, Inc. provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and Latin America. 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 networking product, which offers standards-compliant address and protocol translation services for service provider networks.
