Why A10 Networks Shares Soared Today
Shares of A10 Networks (NYSE: ATEN) have soared today, up 14% as of 12:45 p.m. EDT, after the company announced that third-quarter revenue is expected to exceed its prior outlook. The company also now expects to be profitable during the quarter on a non-GAAP basis.
Revenue in the fiscal third quarter is now expected to be in the range of $59 million to $60 million, well above its prior guidance range of $53 million to $57 million. On top of that, A10 should report a profit on a non-GAAP basis, although the company did not quantify by how much.
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Source: Fool.com
A10 Networks Stock
€11.93
1.590%
A10 Networks is currently one of the favorites of our community with 9 Buy predictions and no Sell predictions.
As a result the target price of 15 € shows a positive potential of 25.73% compared to the current price of 11.93 € for A10 Networks.
