A10 Networks Inc. (ATEN) announced Wednesday morning that it now expects to report third quarter revenues of $43.0 million to $43.5 million, down from its prior guidance of $48.0 million to $50.0 million. The consensus estimate is for revenues of $48.69 million.
A10 Networks gapped open sharply lower Wednesday and declined throughout the first hour of trade. The stock sank further going into the close and finished with a loss of 3.35 at $4.55 on strong volume. A10 Networks has been losing ground for the past month and plummeted to a new low.
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