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April 01, 2015 12:37 AM ET

Software

Company Overview of A10 Networks, Inc.

Company Overview

A10 Networks, Inc. provides software based application networking solutions in the United States, Japan, and internationally. Its solutions are built on advanced core operating system platform. The company provides application delivery controllers for optimizing data center performance; carrier grade networking products that offer address and protocol translation services for service provider networks; and a distributed denial of service threat protection system for network-wide security protection. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The ...

3 West Plumeria Drive

San Jose, CA 95134

United States

Founded in 2004

704 Employees

Phone:

408-325-8668

Fax:

408-325-8666

Key Executives for A10 Networks, Inc.

Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer and Principal Accounting Officer
Age: 56
Total Annual Compensation: $319.5K
Chief Technology Officer
Age: 52
Total Annual Compensation: $198.3K
Compensation as of Fiscal Year 2013.

A10 Networks, Inc. Key Developments

C4L Selects A10 Networks Thunder TPS Threat Protection Systems to Mitigate Sophisticated Distributed Denial of Service Attacks and Improve Service Availability

A10 Networks announced that C4L selected the A10 Networks Thunder TPS Threat Protection Systems to mitigate sophisticated distributed denial of service (DDoS) attacks and improve service availability. C4L will also use the A10 Thunder TPS platform to launch a new set of services, delivering additional DDoS protection for clients across its 300 network-connected locations. C4L is deploying the A10 Thunder 6435 TPS at its primary London core network with a strategy to extend additional units based on demands from clients. The Thunder TPS deployment at C4L provides deep traffic visibility to spot anomalies across the traffic spectrum, and protects against multiple classes of attack vectors, including volumetric, protocol, and sophisticated application-layer attacks, which are detected and mitigated to prevent a service from becoming unavailable. The initial TPS pair at C4L will offer DDoS mitigation capacity of up to 310 Gbps and scales up to 446 million packets per second.

Faruqi & Faruqi, LLP Reminds Investors in A10 Networks, Inc. of the March 30, 2015 Deadline to Seek the Role of Lead Plaintiff in a Federal Securities Class Action Lawsuit

Faruqi & Faruqi, LLP reminds investors in A10 Networks, Inc. of the March 30, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against A10, certain officers of the Company and Underwriters of the Company's initial public offering (IPO). A complaint has been filed in the Superior Court of the State of California, Santa Clara County on behalf of all persons who purchased A10 common stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with A10's IPO (the Class Period). The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects. Specifically, the action alleges that A10 failed to disclose that: (i) the Company's 2013 sales growth had been increased by customer conversion rather than sales to new customers; (ii) A10 had experienced lower revenue bookings from its North American service provider customers; (iii) the Company's sales closing cycles had been longer than usual; (iv) A10 lacked engineering staff and management oversight sufficient to close certain deals; and (v) the Company employed ineffective reporting controls over inventory.

A10 Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

A10 Networks, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenue was $45.2 million, compared with $42.2 million in the fourth quarter of 2013. GAAP net loss attributable to common stockholders was $16.02 million or $0.26 per share compared with a GAAP net loss attributable to common stockholders of $6.80 million or $0.71 per share in the fourth quarter of 2013. Non-GAAP net loss was $12.0 million, compared with non-GAAP net loss of $4.2 million in the fourth quarter of 2013. Loss from operations was $13.89 million compared to $4.82 million a year ago. Loss before provision for income taxes was $15.26 million compared to $5.55 million a year ago. For the full year, total revenue was $179.5 million, an increase of 27%, compared with $141.7 million reported for the year 2013. The company reported GAAP net loss attributable to common stockholders of $35.87 million or $0.74 per share compared with a GAAP net loss attributable to common stockholders of $29.08 million or $3.14 per share for the year 2013. Non-GAAP net loss for 2014 was $29.3 million, compared with a Non-GAAP net loss of $15.5 million for the year 2013. Loss from operations was $30.27 million compared to $22.84 million a year ago. Loss before provision for income taxes was $33.21 million compared to $26.46 million a year ago. Net cash used in operating activities was $30.54 million compared to $25.13 million a year ago. Purchases of property and equipment were $6.10 million compared to $2.99 million a year ago. The company provided earnings guidance for the first quarter of 2015. The company expects first quarter revenue to be in the range of $41 million to $45 million. The company expects operating expenses to be roughly flat to fourth quarter and therefore, to report a non-GAAP net loss of between $0.18 and $0.23 per share using approximately 61 million shares on a basic and diluted basis.

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