Why A10 Networks Shares Got Crushed Today
A10 Networks (NYSE: ATEN) stock is getting crushed today, down by 19% as of 11:40 a.m. EDT, after the company announced preliminary second-quarter results.
Revenue in the second quarter should come in at $52.5 million to $53.5 million, which is well below the company's prior guidance of $62 million to $64 million in sales. A10 Networks expects to post a non-GAAP net loss of $0.05 to $0.06 per share, also below prior guidance of an adjusted profit of $0.01 to $0.03 per share.
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Source: Fool.com
A10 Networks Stock
€26.70
-0.380%
A10 Networks is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
However, we have a potential of -6.37% for A10 Networks as the target price of 25 € is below the current price of 26.7 €.
