Cases
A10 Networks, Inc. (ATEN)
Securities Class Action
Overview
Overview
- Date:
- 2/1/2018
- Company Name:
- A10 Networks, Inc.
- Stock Symbol:
- ATEN
- Status:
- Closed/Complete
NEW YORK, February 1, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against A10 Networks, Inc. (NYSE: ATEN). Our investigation concerns whether A10 has violated the federal securities laws and/or engaged in other unlawful business practices.
On January 16, 2018, A10 announced that it expected fourth quarter 2017 revenue to be between $55.5 million and $56.0 million, which was below its prior guidance of $64.0 million to $67.0 million. Following this news, the stock price of A10 fell $0.99 per share, or 13.5%, to close at $6.32 on January 17, 2018.
On January 30, 2018, A10 disclosed that the Company’s Audit Committee was investigating the Company’s revenue recognition practices from the fourth quarter of 2015 through the fourth quarter of 2017, inclusive, and that, in the fourth quarter of 2017, the Company determined that a mid-level employee within its finance department had violated the Company’s Insider Trading Policy and Code of Conduct. Following these disclosures, the stock price of A10 fell $0.86 per share, or 12.3%, to close at $6.13 per share on January 31, 2018.
If you purchased or otherwise acquired A10 shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 16, 2018, A10 announced that it expected fourth quarter 2017 revenue to be between $55.5 million and $56.0 million, which was below its prior guidance of $64.0 million to $67.0 million. Following this news, the stock price of A10 fell $0.99 per share, or 13.5%, to close at $6.32 on January 17, 2018.
On January 30, 2018, A10 disclosed that the Company’s Audit Committee was investigating the Company’s revenue recognition practices from the fourth quarter of 2015 through the fourth quarter of 2017, inclusive, and that, in the fourth quarter of 2017, the Company determined that a mid-level employee within its finance department had violated the Company’s Insider Trading Policy and Code of Conduct. Following these disclosures, the stock price of A10 fell $0.86 per share, or 12.3%, to close at $6.13 per share on January 31, 2018.
If you purchased or otherwise acquired A10 shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.