Revenue Update on A10 Networks Inc(NYSE:ATEN)

A10 Networks Inc(NYSE:ATEN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $57.13M. Analysts estimated a revenue of $56.07M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.05.

A10 Networks Inc (ATEN) made into the market gainers list on Thursdays trading session with the shares advancing 1.56% or 0.12 points. Due to strong positive momentum, the stock ended at $7.8, which is also near the day’s high of $7.83. The stock began the session at $7.69 and the volume stood at 5,07,379 shares. The 52-week high of the shares is $8.3 and the 52 week low is $4.84. The company has a current market capitalization of $503 M and it has 6,44,71,080 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Robert D Cochran (VP, Legal & Corp Collaboration) sold 5,000 shares at $7.00 per share price.Also, 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.

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