A10 Networks Q2 revenue beats estimates
Overview
A10 Networks Q2 revenue grows 15% yr/yr, beating analyst expectations
Non-GAAP net income rises in the qtr
Co repurchased shares and paid dividends, returning $8.3 mln to investors
Result Drivers
SECURITY DEMAND - Increased demand for security and infrastructure solutions contributed to revenue growth, per CEO Dhrupad Trivedi
AI INVESTMENTS - Revenue benefited from AI infrastructure investments and data center expansions
OPERATIONAL DISCIPLINE - Strong operational discipline helped improve profitability and cash flow
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $69.38 mln | $66.20 mln (6 Analysts) |
Q2 Net Income | $10.54 mln | ||
Q2 EBIT | $10.31 mln | ||
Q2 Gross Profit | $54.71 mln | ||
Q2 Operating Expenses | $44.40 mln | ||
Q2 Pretax Profit | $11.93 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for A10 Networks Inc is $22.00, about 17.4% above its August 4 closing price of $18.17
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release:
