A10 Networks, Inc. provides software based application networking and network security 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 Web and back-office application performance; carrier grade networking products that offer network address and protocol translation services for service provider networks; threat protection systems for network-wide multi-vector distributed denial of service security protection; and convergent firewall solutions for protecting data centers and mobile infrastructure, enhancing Web security, and encrypting site-to-si...
3 West Plumeria Drive
San Jose, CA 95134
Founded in 2004
A10 Networks, Inc. Announces Executive Changes
Feb 9 17
On February 9, 2017, A10 Networks, Inc. announced that Greg Straughn has decided to step down as Chief Financial Officer of the company, effective upon the date of filing of the company’s annual report on form 10-K for the year ended December 31, 2016. The company also announced that Shiva Natarajan has been appointed Interim Chief Financial Officer of the company, effective as of the Transition Date. Natarajan joined the company in September 2015 and has served in the position of Vice President and Controller. From July 2014 to September 2015, Natarajan was Vice President and Chief Accounting Officer of Fluidigm Corporation. From December 2006 to June 2014, Natarajan served in several roles including Vice President, Chief Accounting Officer and Interim Chief Financial Officer, at Applied Micro Circuits Corporation.
A10 Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter of 2017
Feb 9 17
A10 Networks, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, total revenue was $64,001,000 compared with $56,624,000 a year ago. Income from operations was $621,000 compared with loss from operations of $6,814,000 a year ago. Loss before provision for income taxes was $1,590,000 compared with $7,106,000 a year ago. Net loss was $1,786,000 compared with $7,356,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.03 compared with $0.12 a year ago. Non GAAP net income was $2,319,000 compared with non GAAP net loss of $3,741,000 a year ago. Basic and diluted non GAAP net income per share was $0.03 compared with basic and diluted non GAAP net loss per share of $0.06 a year ago. The performance was driven by strong demand for security solutions and continued expansion with cloud provider, service provider and web-scale customers
For the year, total revenue was $230,003,000 compared with $198,955,000 a year ago. Loss from operations was $19,119,000 compared with $38,446,000 a year ago. Loss before provision for income taxes was $20,183,000 compared with $39,287,000 a year ago. Net loss was $20,940,000 compared with $40,034,000 a year ago. Basic and diluted net loss per share attributable to common stockholders was $0.32 compared with $0.64 a year ago. Non GAAP net loss was $2,677,000 compared with $22,487,000 a year ago. Basic and diluted non GAAP net loss per share was $0.04 compared with $0.36 a year ago. Net cash provided by operating activities was $18,778,000 compared with $3,391,000 a year ago. Purchases of property and equipment were $4,872,000 compared with $3,477,000 a year ago. Purchase of intangible asset was $1,500,000.
The company currently expect first quarter revenue to be in the range of $59 million to $61 million. At the midpoint, this represents a 12% year-over-year revenue growth for the quarter. The company expects gross margin to remain in the 75% to 77% range. The company also expects non-GAAP bottom line results to be a loss of $0.01 and a profit of $0.01 per share using approximately 76 million shares on a basic and diluted basis.
A10 Networks, Inc. to Report Q4, 2016 Results on Feb 09, 2017
Jan 5 17
A10 Networks, Inc. announced that they will report Q4, 2016 results at 5:00 PM, Eastern Standard Time on Feb 09, 2017