A10 Networks Q1 2024 Adj EPS $0.17 Beats $0.15 Estimate, Sales $60.675M Beat $59.434M Estimate
Portfolio Pulse from Benzinga Newsdesk
A10 Networks (NYSE:ATEN) reported Q1 2024 earnings of $0.17 per share, surpassing the $0.15 estimate, marking a 30.77% increase from last year. Sales reached $60.675M, beating the $59.434M estimate, a 5.17% increase from the previous year.
April 30, 2024 | 8:54 pm
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A10 Networks reported a significant beat on both earnings and sales estimates for Q1 2024, with EPS at $0.17 and sales of $60.675M.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term increase in stock price. The reported growth in earnings and sales from the same period last year further strengthens the case for a positive impact on ATEN's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100