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A10 Networks (ATEN)
NYSE:ATEN
Holding ATEN?
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.25Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 20.24%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong performance in enterprise and service provider segments, increased revenue from security solutions, and robust cash generation. However, challenges remain in the form of volatility in the North American service provider segment and an increase in accounts receivable.Company Guidance
During the A10 Networks Q3 2024 earnings call, the company provided several key metrics and insights into its performance and future outlook. The company reported a third-quarter revenue of $66.7 million, up 15.5% year-over-year, with product revenue at $36.9 million and services revenue at $29.9 million. The enterprise sector saw a revenue increase of 5% year-to-date and 9% on a trailing 12-month basis, while service provider revenue grew 2% year-to-date. Security-led revenue increased by 10% year-to-date, highlighting the focus on security solutions. The company maintained a gross margin of 81.3% and achieved an adjusted EBITDA of $17.8 million, or 26.7% of revenue. Non-GAAP net income for the quarter was $15.9 million, translating to $0.21 per diluted share. The balance sheet showed deferred revenue of $144.2 million and total cash, cash equivalents, and marketable securities of $182.1 million. The company also continued its stock buyback program, repurchasing $9.4 million worth of shares, and declared a quarterly cash dividend of $0.06 per share.Enterprise Revenue Growth
Enterprise revenue increased 5% year-to-date and is up 9% on a trailing 12-month basis, indicating successful strategic focus on diversification.
Service Provider Revenue Recovery
Service provider revenue was up 2% year-to-date after being down in the first half of 2024, with a strong competitive position in security solutions.
Security-Led Revenue Increase
Security-led revenue increased 10% year-to-date, highlighting the company's focus on cybersecurity solutions.
Strong Financial Performance
Revenue for the third quarter was $66.7 million, an increase of 15.5% year-over-year. Non-GAAP net income for the quarter was $15.9 million or $0.21 per diluted share.
Robust Cash Generation
Generated more than $21 million in cash from operations during the third quarter, keeping on track for full year targets.
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ATEN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ATEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $15.40 | $16.14 | +4.81% |
| Jul 30, 2024 | $14.09 | $12.98 | -7.88% |
| Apr 30, 2024 | $12.90 | $15.18 | +17.67% |
| Feb 06, 2024 | $12.82 | $12.74 | -0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does A10 Networks (ATEN) report earnings?
A10 Networks (ATEN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is A10 Networks (ATEN) earnings time?
A10 Networks (ATEN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ATEN EPS forecast?
ATEN EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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