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Cybersecurity company A10 Networks reports beat on 2Q earnings and revenue

Trends in the market would play to the strengths of the company

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A10 Networks is a provider of intelligent and automated cybersecurity solutions.

A10 Networks Inc (NYSE:ATEN) reported on Thursday beats on second quarter earnings and revenue although first half revenue was lower than the same period in 2017. 

The company said earnings per share reversed to a gain of US$0.02, compared with a loss of US$0.01 in the same period a year ago and expectations of a loss of US$0.02 for the quarter. Revenues for the second quarter reached US$60.7mln, up sharply from the expected US$55.9mn and the US$60.29mln posted in the year-ago period.

First half revenue came in at US$109.9mln, compared with US$117.9mln in the first half of 2017.

A10 Networks president and chief Lee Chen said they were able to build momentum in cloud and security operations. 

“There are a number of trends in the market that play to A10's strengths that we believe present many opportunities for growth over the long-term," he said.

Shares of the company closed on Thursday up 0.43% at US$6.93. 

A10 Networks is based in San Jose, California. The company is a provider of intelligent and automated cybersecurity solutions. 

Quick facts: A10 Networks Inc

Price: 7.23 USD

NYSE:ATEN
Market: NYSE
Market Cap: $560.9 m
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