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A10 Networks, Inc. (ATEN)

NYSE - NYSE Delayed price. Currency in USD
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15.84+0.41 (+2.66%)
At close: 04:00PM EDT
15.85 +0.01 (+0.06%)
After hours: 07:58PM EDT

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  • L
    Luke
    still undervalued tbh
  • j
    josh
    A10 Networks (ATEN) reported Q2 non-GAAP diluted earnings of $0.17 per share, up from $0.13 per share a year earlier.

    Analysts polled by Capital IQ estimated $0.15 per share.

    Revenue for the quarter ended June 30 totaled $68 million, up 14.9% from $59.2 million a year earlier.

    Analysts estimates were for $67.4 million.

    The company retained its quarterly dividend of $0.05 per share, payable Sept. 1 to shareholders of record on Aug. 15.
  • J
    Joseph
    I am very surprised but very pleased at earnings results
  • S
    SeriousP
    About to smoke earnings....
  • r
    robert
    To think that Cramer was bashing ATEN a week ago. Does he look at fundamentals? He said the same thing about PERI. Those two stocks have some of the best balance sheets I have seen. He said PERI doesn’t make money for its shareholders???? Go ATEN!
  • g
    glenn
    Why isnt this up by 20%
  • L
    Luke
    I love it though
  • L
    Luke
    just beat earnings by .01
  • L
    Luke
    well this is anticlimactic
  • L
    Luke
    I wonder if this will pop a few points
  • J
    John
    Great stock, I agree with Ryan.
  • R
    Ryan
    What a great stock.
  • r
    robert
    ATEN chart is forming a bullish gold cross pattern, with a recent reverse head and shoulders. The two indicators are very bullish. Stock should do well from here.
  • S
    Serge
    Any thoughts?
  • a
    asghar
    Just heard that ATEN got alerted at (http://market-engross.club). I hope it pushes us higher!
  • L
    Luke
    what is going on Today? kinda confusing
  • S
    Serge
    I like quiet boards, investors on these boards do not have time for #$%$
  • A
    Anonymous
    A random perspective: I was a consulting software engineer for A10 — and my background includes CTO (i.e. technology business) roles as well.

    I was extremely impressed with A10’s technology — its performance (for the price) and the adaptability of the architecture (i.e. ability to modify the base platform to address a broad array of customer problems). I was also impressed with the strength of the technical as well as business teams.

    To this day, I feel it’s a matter of time before they become the de facto solution in one (or more) business niches.

    Admittedly, the amount of time it has taken them to grow may be that this approach is a somewhat 2010-generation startup approach. What I mean, is that technology companies today more often hit the ground with a single niche product, and blitz the market with it (either to fail or succeed and branch out from there). A10 feels more like older-school Cisco-like company who scrambles to pivot to meet requirements of large (potential) customer segments. I don’t know that this is a disadvantage, but it doesn’t seem to meet the trajectory of investors today.

    While I will disclose I have a couple thousand shares of vested stake, it is my objective opinion that A10 will continue to grow business/sales traction — ideally finding a niche where they can quickly accelerate growth. If I didn’t believe this, I could sell for a modest profit at any time.
  • j
    josh
    Revenue of $65.4 million, up 15% year-over-year.

    Sales of security products grew 18% year-over-year.

    Improving commercial execution combined with favorable market conditions drove 47% growth in the Americas year-over-year.

    Deferred revenue of a record $117.1 million, up 15% year-over-year.

    GAAP gross margin of 79.8%; non-GAAP gross margin of 80.4% as the company successfully navigated short-term input cost pressures.

    GAAP net income of $74.9 million (114.6% of revenue), or $0.94 per diluted share, inclusive of a non-recurring tax benefit, compared with net income of $6.5 million, or $0.08 per diluted share in the third quarter of 2020.

    Non-GAAP net income of $13.7 million (20.9% of revenue), or $0.17 per diluted share, compared with non-GAAP net income of $10.3 million, or $0.13 per diluted share in the third quarter of 2020.

    Adjusted EBITDA of $16.8 million, representing 25.7% of revenues, compared to $12.5 million in the third quarter of 2020.

    Cash and cash equivalents as of September 30, 2021 was $187.5 million, up $20.6 million or 12.4% from the $166.8 million at June 30, 2021.

    Subsequent to the end of the quarter, the Board of Directors declared a quarterly dividend of $0.05 per share, payable on December 15, 2021 to stockholders of record on November 12, 2021. In addition, the Board authorized a new share repurchase program under which the Company may repurchase up to $100 million of its outstanding common stock.
  • L
    Luca
    Took my first position yesterday just below ten. Bullish looking at the revenue model: securing 5G networks, securing the Internet of Things and securing AI-connected technologies. Also, it’s a healthy company with no debt and a positive cash flow. Also feeling convenient with the CEO.

    Taking 4% of my P and probably will take more position later