Why Software Company A10 Networks' Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
A10 Networks Inc's shares are down by around 13% due to worse-than-expected preliminary Q3 revenues and Q4 guidance. The company cites industry headwinds and delays from North American service provider customers as reasons for the downturn. Despite this, the company maintains robust profitability and cash generation, preserving a strong balance sheet.
October 04, 2023 | 11:00 am
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A10 Networks Inc's shares have dropped due to worse-than-expected Q3 revenues and Q4 guidance. The company cites industry headwinds and customer delays as reasons for the downturn.
The company's shares have dropped due to worse-than-expected Q3 revenues and Q4 guidance. This is a direct result of industry headwinds and delays from North American service provider customers. Despite this, the company maintains robust profitability and cash generation, indicating a strong balance sheet.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100