Why A10 Networks Fell 16% Last Month
Shares of A10 Networks (NYSE: ATEN) dropped 16.2%, according to data provided by S&P Global Market Intelligence, after the company's management said revenue for the second quarter would come in below its original guidance.
A10 Networks' management said in the middle of July that second-quarter revenue would be between $52.5 million to $53.5 million, which was a significant drop from its original guidance of $62 million to $64 million. It also readjusted A10's non-GAAP earnings-per-share forecasts of $0.01 to $0.03 in the quarter down to a net loss of $0.05 to $0.06.
Image source: Getty Images.
Source: Fool.com
A10 Networks Stock
€14.07
-0.710%
A10 Networks is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
As a result the target price of 15 € shows a slightly positive potential of 6.61% compared to the current price of 14.07 € for A10 Networks.
