A10 Networks Announces Preliminary Q4 Results & Expects to Announce Fourth Quarter 2019 & Full Year 2019 Results on February ...
January 07 2020 - 4:05PM
Business Wire
Expected revenue results for fourth quarter of 2019 to be
between $59 million and $60 million, above high end of guidance
Fourth quarter and full year 2019 earnings announcement
scheduled for February 11, 2020
A10 Networks (NYSE: ATEN), a leading provider of secure
application solutions and services, today announced that, based on
preliminary data, it expects to report revenue results for the
fourth quarter of 2019 between $59 million and $60 million, above
the previous guidance range of $55 million to $59 million. The
Company has not yet completed the close of the fourth quarter nor
commenced the audit of its 2019 financial results, and thus the
foregoing numbers may be subject to adjustment.
“I am excited by the overall opportunity for A10 investors,
customers and employees. We believe our strong customer engagement
and exciting product roadmap positions us well for the future needs
of the industry. Looking ahead, we remain focused on driving
improved financial performance through top-line growth and
operational excellence,” said Dhrupad Trivedi, CEO of A10
Networks.
A10 also announced today that EVP of Sales, Chris White,
informed the Company on January 6, 2020 that he is voluntarily
resigning from his position, effective January 17, 2020. Mr.
White’s departure is not the result of any disagreement with the
Company regarding its operations, policies or practice. The Company
has initiated a search to replace Mr. White. CEO Dhrupad Trivedi
will oversee the sales organization on an interim basis. Mr.
Trivedi said, “We thank Chris White for his leadership and many
contributions to A10, and wish him the best in the next chapter in
his career.”
A10 also announced today that it expects to report its fourth
quarter and full year 2019 financial results after the U.S. markets
close on Tuesday, February 11, 2020. Management will host a call
that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to
discuss the results.
Interested parties may access the conference call by dialing +
1-844-792-3728 or + 1-412-317-5105.
A live audio webcast of the conference call will be accessible
from the “Investor Relations” section of A10 Network’s website at
investors.a10networks.com. The webcast will be archived for a
period of one year. A telephonic replay of the conference call will
be available two hours after the call and will run for five
business days and may be accessed by dialing + 1-877-344-7529 or +
1-412-317-0088 and entering the passcode 10137756.
A presentation with management’s prepared remarks on its fourth
quarter 2019 financial results and supplemental financial
information will be posted to the website following the issuance of
the company’s fourth quarter and full year 2019 results press
release after U.S. markets close on Tuesday, February 11, 2020.
These materials will be accessible from the “Investor Relations”
section of A10 Network’s website at investors.a10networks.com.
Forward-Looking Statements
This press release contains “forward-looking statements,”
including statements regarding financial performance for the fourth
quarter of 2019, and revenue growth and improved financial
performance in 2020. Forward-looking statements are subject to
known and unknown risks and uncertainties and are based on
assumptions that may prove to be incorrect, which could cause
actual results to differ materially from those expected or implied
by the forward-looking statements. Factors that may cause actual
results to differ include currently unknown issues and adjustments
that may arise during the normal course of the close of our fourth
quarter and completion of the audit of our 2019 financial
statements, execution risks related to closing key deals and
improving our execution, the continued market adoption of our
products, our ability to successfully anticipate market needs and
opportunities, our timely development of new products and features,
our ability to achieve or maintain profitability, any loss or delay
of expected purchases by our largest end-customers, our ability to
maintain or improve our competitive position, competitive and
execution risks related to cloud-based computing trends, our
ability to attract and retain new end-customers and our largest
end-consumers, our ability to maintain and enhance our brand and
reputation, changes demanded by our customers in the deployment and
payment model for our products, continued growth in markets
relating to network security, the success of any future
acquisitions or investments in complementary companies, products,
services or technologies, the ability of our sales team to execute
well, our ability to shorten our close cycles, the ability of our
channel partners to sell our products, variations in product mix or
geographic locations of our sales, risks associated with our
presence in international markets, weaknesses or deficiencies in
our internal control over financial reporting, and our ability to
timely file periodic reports required to be filed under the
Securities Exchange Act of 1934.
About A10 Networks
A10 Networks (NYSE: ATEN) is a leading provider of secure
application services and solutions, with a range of
high-performance application networking solutions that help
organizations ensure that their data center applications and
networks remain highly available, accelerated and secure. Founded
in 2004, A10 Networks is based in San Jose, Calif., and serves
customers globally with offices worldwide. For more information,
visit: www.a10networks.com and @A10Networks.
The A10 logo and A10 Networks are trademarks or registered
trademarks of A10 Networks, Inc. in the United States and other
countries. All other trademarks are the property of their
respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200107006016/en/
Investor Contact: Tom Constantino
investors@a10networks.com
Media and Analyst Contact A10 Networks Karin Gilles
kgilles@a10networks.com
A10 Networks (NYSE:ATEN)
Historical Stock Chart
From Mar 2024 to Apr 2024
A10 Networks (NYSE:ATEN)
Historical Stock Chart
From Apr 2023 to Apr 2024