A10 Networks Reports Q3 Earnings Beat and Raises Full-Year Guidance
A10 Networks (ATEN) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted Non-GAAP earnings per share of $0.31, beating estimates by $0.04, while revenue reached $91.5 million, representing a 22.5% increase year-over-year and surpassing projections by $7.63 million. Following the strong quarterly performance, A10 Networks raised its full-year guidance for both revenue growth and Non-GAAP diluted EPS. The company now expects revenue growth of approximately 16%, up from previous estimates of 12%-14%, and anticipates Non-GAAP EPS growth in the range of 20%-22%, compared to the prior outlook of 14%-16%.
Tickers: $ATEN