logo
Share SHARE
FONT-SIZE Plus   Neg

A10 Networks Inc. (ATEN) Fell Sharply After Q2 Forecast Cut

A10 Networks Inc. (ATEN) announced after the close Thursday that it expects to report second quarter revenue of $52.5 million to $53.5 million, down from its prior guidance of $62.0 million to $64.0 million. The company now expects to report a non-GAAP loss of $0.06 to $0.05 per share, down from prior expectations of a profit of $0.01 to $0.03 per share.

A10 Networks gapped open sharply lower Friday morning, but traded in a range for the bulk of the session. The stock finished with a loss of 1.32 at $6.92 on the highest volume of the year. A10 Networks tumbled to its lowest level since the end of October.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
Follow RTT