February 27, 2015 3:46 AM ET

Software

Company Overview of A10 Networks, Inc.

Company Overview

A10 Networks, Inc., together with its subsidiaries, 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 network address translation that offers 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 d...

3 West Plumeria Drive

San Jose, CA 95134

United States

Founded in 2004

759 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

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.

Faruqi & Faruqi, LLP Files Class Action Lawsuit Against A10 Networks, Inc

Faruqi & Faruqi, LLP reminded 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. 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 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: the company's 2013 sales growth had been increased by customer conversion rather than sales to new customers; A10 had experienced lower revenue bookings from its North American service provider customers; the company's sales closing cycles had been longer than usual; A10 lacked engineering staff and management oversight sufficient to close certain deals; and the company employed ineffective reporting controls over inventory. Following the IPO, the price of the company's stock has declined by over $10.00 per share, or over 67%, from the IPO price of $15.00 per share.

A10 Networks Collaborates with Cisco to Deliver Dynamic Application Networking Services

A10 Networks announced the integration of its Thunder Application Delivery Controllers (ADCs) with Cisco Application Centric Infrastructure (ACI) fabric. Offering dynamic L4-L7 application networking services, this joint solution enables enterprises to amplify their data center output by automatically provisioning application delivery and security services with a significant increase in both allocation speed and business agility -- all at a reduced cost. The open framework of Cisco ACI enables ecosystem partners such as A10 to seamlessly interoperate with Cisco ACI fabric. Together, the Cisco ACI and A10 Thunder ADC solutions provide an automated approach to networking services based on application-specific policies that allow data center applications to dynamically scale on demand. Furthermore, the ACI and Thunder ADC synthesis empowers Cisco and A10 to independently innovate and address pervasive requirements of network programmability. As a result, more advanced ADC and security functionality such as service chaining, WAF, SSLi and GSLB will be integrated with Cisco ACI. Cisco ACI technology provides the ability to insert Layer 4 through Layer 7 services into the Cisco Application Policy Infrastructure Controller (APIC) via simplified definitions. The A10 APIC device package automates ACI service chaining and the insertion of physical, virtual, and hybrid A10 Thunder appliances. The device package has been rigorously tested by A10 Networks in Cisco ACI environments to offer rich L4-L7 network application services and templates as well as HTTP optimization services for Cisco's ACI fabric. The A10 device package uses open APIs and scripts that allow Cisco APIC to configure consistent automation and orchestration of Application Delivery Controller (ADC) services within the fabric required to deploy applications in a fast, highly secure and reliable manner. boldBenefits of A10 Thunder ADC and Cisco ACI fabric integration - boldEnhanced Agility: Data center operators can choose from a selection of A10 appliances to spawn new instances on demand and support dynamic L4-L7 service insertion according to tenant-defined or provider-defined policies. Operators can now dynamically respond to business needs by providing consistent services in a shared, multi-tenant environment via policy-based automated provisioning. boldRapid Provisioning: Users can build an automatically provisioned application networking infrastructure. Customers benefit from programmability and open standards-based RESTful APIs to rapidly instantiate consistent provisioning of networking services to enforce SLAs, compliance and security. boldService Deployment Flexibility: Data center operators can easily automate L4-L7 data center operation services independently from where services reside. The ACI policy framework provides a common policy abstraction regardless of whether services are physical and virtual, thus enabling choices and flexibility of service deployments. boldLower TCO: A10 ACOS features and configurations are transferable across appliance form factors. The blended ACI-Thunder ACI solution provides all-inclusive licensing and comprehensive programmatic interfaces resulting in quicker integration while facilitating dynamic provisioning of services and efficient resource utilization in a shared multi-tenant environment.

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