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Stock impact report

A10 Networks -11.5% after Q1 misses despite narrower losses [Seeking Alpha]

A10 Networks, Inc. (ATEN) 
Last a10 networks, inc. earnings: 2/11 04:10 pm Check Earnings Report
Company Research Source: Seeking Alpha
A10 Networks -11.5% after Q1 misses despite narrower losses A10 Networks (NYSE: ATEN slid 11.5% Services revenue growth made up for flat results in products, and operating loss narrowed to $10.97M from a year-ago loss of $20M. Net loss shrank to $12.3M from a year-ago loss of $19.7M. Non-GAAP gross margin was 76.3%, while operating margin was -11.4%. "Security product revenue grew 22% year-over-year to 34% of product revenue and we secured another 5G design win with a top mobile provider in Korea and forged ahead in our efforts to drive further product innovation that supports the commercial roll-out of 5G networks,” says CEO Lee Chen. Revenue breakout: Products, $28.2M (up 0.3%); Services, $22.1M (up 4.9%). For Q2, it's guiding to revenue of $51M-$56M (light of consensus for $57.7M), gross margin of 76-78%, opex of $43M-$44M and EPS of -$0.08 to break-even (vs. consensus for $0.01). Previously: A10 misses by $0.02, misses on revenue Press release Show less Read more
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