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A10 Networks (ATEN) to Report Q1 Earnings: What's in Store?
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A10 Networks, Inc. (ATEN - Free Report) is scheduled to report first-quarter 2020 results on May 7, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 42.9%.
The San Jose, CA-based cybersecurity solutions provider is expected to have recorded slightly higher revenues on a year-over-year basis, primarily driven by business optimization and a strong product line. Management is focused on profitable growth by way of driving operational excellence.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly announcement.
Factors at Play
A10 Networks extended the capabilities of the Thunder Convergent Firewall, part of the A10 Orion 5G Security Suite, to support the cloud-native 5G requirements. It delivered a virtual DDoS defense solution with its software version of the Thunder Threat Protection System solution — vThunder TPS. The company’s performance is expected to have benefited from these positive factors.
For the March quarter, the Zacks Consensus Estimate for total revenues is pegged at $51 million that indicates a rise of 2% from the year-ago quarter’s reported figure. The consensus mark for adjusted earnings per share are pegged at 2 cents, which calls for an increase of 122.2% from the prior-year quarter’s recorded figure.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for A10 Networks this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: A10 Networks’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 2 cents.
Zacks Rank: A10 Networks currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter.
Inphi Corporation is scheduled to release first-quarter 2020 results on May 7. The company has an Earnings ESP of +20.04% and a Zacks Rank #2.
Adamas Pharmaceuticals, Inc. has an Earnings ESP of +19.79% and carries a Zacks Rank of 2. The company is set to report first-quarter 2020 results on May 7.
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A10 Networks (ATEN) to Report Q1 Earnings: What's in Store?
A10 Networks, Inc. (ATEN - Free Report) is scheduled to report first-quarter 2020 results on May 7, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 42.9%.
The San Jose, CA-based cybersecurity solutions provider is expected to have recorded slightly higher revenues on a year-over-year basis, primarily driven by business optimization and a strong product line. Management is focused on profitable growth by way of driving operational excellence.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly announcement.
Factors at Play
A10 Networks extended the capabilities of the Thunder Convergent Firewall, part of the A10 Orion 5G Security Suite, to support the cloud-native 5G requirements. It delivered a virtual DDoS defense solution with its software version of the Thunder Threat Protection System solution — vThunder TPS. The company’s performance is expected to have benefited from these positive factors.
For the March quarter, the Zacks Consensus Estimate for total revenues is pegged at $51 million that indicates a rise of 2% from the year-ago quarter’s reported figure. The consensus mark for adjusted earnings per share are pegged at 2 cents, which calls for an increase of 122.2% from the prior-year quarter’s recorded figure.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for A10 Networks this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: A10 Networks’ Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00% as both are pegged at 2 cents.
A10 Networks, Inc. Price and EPS Surprise
A10 Networks, Inc. price-eps-surprise | A10 Networks, Inc. Quote
Zacks Rank: A10 Networks currently has a Zacks Rank #3.
Stocks to Consider
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat this quarter.
The Hain Celestial Group, Inc. (HAIN - Free Report) is slated to release third-quarter fiscal 2020 results on May 7. It has an Earnings ESP of +9.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Inphi Corporation is scheduled to release first-quarter 2020 results on May 7. The company has an Earnings ESP of +20.04% and a Zacks Rank #2.
Adamas Pharmaceuticals, Inc. has an Earnings ESP of +19.79% and carries a Zacks Rank of 2. The company is set to report first-quarter 2020 results on May 7.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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