INVESTOR ALERT: Important New Deadline in Shareholder Class Action Lawsuit Filed against A10 Networks, Inc. - ATEN
July 10 2018 - 3:10PM
Business Wire
A shareholder class action complaint has been filed against A10
Networks, Inc. (NYSE: ATEN) (“A10” or the “Company”) on behalf of
certain purchasers of the Company’s common stock between
February 9, 2016 and January 30, 2018, inclusive (the “Class
Period”).
The complaint alleges that A10 made a series of false and
misleading statements to investors about the Company’s financial
statements and internal controls during the Class Period, which
caused investors to purchase A10’s common stock at artificially
inflated prices during the Class Period.
IMPORTANT NEW DEADLINE: Investors who purchased A10’s
common stock during the Class Period may, no later than July 27, 2018, seek to be
appointed as a lead plaintiff representative of the class.
Investors are encouraged to contact Kaskela Law LLC (David Seamus
Kaskela, Esq.) at (484) 258 – 1585 or (888) 715 – 1740 for
additional information about this action or to discuss their
important legal rights and options. A10 investors may also visit
http://kaskelalaw.com/case/a10-networks/ to submit their
information to the firm online.
As detailed in the complaint, on January 16, 2018, the Company
disclosed that it only expected “total revenue in the fourth
quarter 2017 to be between $55.5 million and $56.0 million, below
its prior guidance of $64.0 million to $67.0 million.” Following
this news, shares of A10’s common stock fell $0.99 per share, or
over 13%, to close on January 17, 2018 at $6.32.
Then, on January 30, 2018, A10 disclosed that its Audit
Committee was investigating certain of the Company’s accounting
practices, with the investigation “principally focused on certain
revenue recognition matters from the fourth quarter of 2015 through
the fourth quarter of 2017.” Following this news, shares of
A10’s common stock fell $0.86 per share, or over 12%, to close on
January 31, 2018 at $6.13.
A10 investors are encouraged to contact Kaskela Law LLC to
discuss this action or visit
http://kaskelalaw.com/case/a10-networks/ to submit their
contact information to the firm online. Kaskela Law LLC exclusively
represents investors in state and federal courts throughout the
country. For additional information about Kaskela Law LLC please
visit www.kaskelalaw.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180710005983/en/
Kaskela Law LLCDavid Seamus Kaskela, Esq.201 King of
Prussia RoadSuite 650Radnor, PA
19087484-258-1585888-715-1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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