A10 Networks (ATEN) provides expected results for Q2

A10 Networks (NYSE: ATEN), a leading provider of intelligent, automated and secure networking solutions, today provided expected results for the second quarter ended June 30, 2020 and announced plans for reporting its quarterly results. Management is providing this business update and expected results due to the unique nature of the current business environment caused by the COVID 19 pandemic and because management had not previously provided guidance for its second quarter 2020 financial performance.

Second Quarter 2020 Expected Results

• Revenue in the range of $51.7 million to $52.2 million
• GAAP operating income in the range of $2.5 million to $3.0 million. Non-GAAP operating income in the range of $5.8 million to $6.3 million
• GAAP earnings per share in the range $0.03 to $0.04. Non-GAAP earnings per share in the range of $0.07 to $0.08
• Cash flow from operations of at least $9.0 million

Please refer to the note below on forward-looking statements and the risks involved with such statements as well as the note on non-GAAP financial measures.

Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks, commented, “Despite a challenging environment, A10’s focus on operational excellence and on providing innovative solutions to customers enabled us to deliver year-over-year organic revenue growth and improving profitability. We believe that the cash flow from operations combined with a robust balance sheet positions us well to navigate these markets.”

Second Quarter 2020 Earnings Results Announcement

The Company announced it will release financial results for its second quarter ended June 30, 2020, after the U.S. markets close on Tuesday, July 28, 2020. Management will host a call that same day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.

Interested parties may access the conference call by dialing + 1-844-792-3728 or + 1-412-317-5105.

A live audio webcast of the conference call will be accessible from the “Investor Relations” section of A10 Network’s website at investors.a10networks.com. The webcast will be archived for at least 90 days. A telephonic replay of the conference call will be available two hours after the call and will run for five business days and may be accessed by dialing + 1-877-344-7529 or + 1-412-317-0088 and entering the passcode 10145938.

A presentation with management’s prepared remarks on its second quarter 2020 financial results and supplemental financial information will be posted to the website following the issuance of the company’s second quarter 2020 results press release after U.S. markets close on Tuesday, July 28, 2020. These materials will be accessible from the “Investor Relations” section of A10 Network’s website at investors.a10networks.com.

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