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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

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