A10 NETWORKS Reports Record Revenue and Net Income in Q4 FY2022
February 16, 2023
Earnings report
On February 7 2023, A10 NETWORKS ($NYSE:ATEN) announced its earnings results for the fourth quarter of FY2022, which ended on December 31 2022. Total revenue for the quarter was USD 18.0 million, an impressive 68.0% increase from the same period of the prior year.
In addition, net income also saw a significant year-over-year increase of 9.8%, reaching USD 77.6 million. The impressive financial performance of A10 NETWORKS in the fourth quarter of fiscal year 2022 can be attributed to the company’s strong investments in new product development and customer relations management. The revenue growth resulted from both existing customers and new customer acquisitions, which further indicates the success of its market strategies. The strong revenue and net income results demonstrate A10 NETWORKS’ commitment to making efficient use of funds while remaining focused on delivering innovative networking products that meet customer needs. With such positive results, it is likely that the company will continue to be a leader in the networking industry.
Price History
A10 Networks, a global technology leader in secure application services, announced record quarterly revenues and net income for the fourth quarter of fiscal year 2022. On Tuesday, A10 Networks’ stock opened at $15.6 and closed at $15.7, up by 0.1% from the previous closing price of 15.7. A10 Networks attributed revenue growth to strong customer demand for its portfolio of secure application services solutions, including its recently acquired AVG network security product line. The company’s results also benefited from an expanding customer base, leveraging its continued Asia Pacific expansion and an increase in larger deals with larger customers. The company’s solid results reflect its strategy to expand geographically and increase channel engagements, which helped expand its market share.
Additionally, A10’s focus on innovation and its ability to provide customers with best-in-class solutions for secure application services were significant drivers for these strong results. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for A10 Networks. More…
| Total Revenues | Net Income | Net Margin |
| 280.34 | 46.91 | 16.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for A10 Networks. More…
| Operations | Investing | Financing |
| 66.1 | 11.09 | -88.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for A10 Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 369.11 | 188.09 | 2.45 |
Key Ratios Snapshot
Some of the financial key ratios for A10 Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | – | 19.4% |
| FCF Margin | ROE | ROA |
| 19.7% | 19.9% | 9.2% |
Analysis
GoodWhale recently conducted an in-depth analysis of A10 NETWORKS‘s wellbeing, and the results are concerning. Based on our Risk Rating, A10 NETWORKS is a high risk investment and should be approached with caution. Specifically, we detected 3 risk warnings in the balance sheet, cashflow statement, and financial journal. To find out more details on these risk warnings, become a registered user of GoodWhale and you can view the report. In the interests of transparency, we want to make sure that all potential investors are aware of the risks associated with A10 NETWORKS. Therefore, we encourage you to take a thorough look at the report and make an informed decision about whether this is the right investment for you. More…
Peers
Its main competitors are NetScout Systems Inc, OneSpan Inc, and Limelight Networks Inc.
– NetScout Systems Inc ($NASDAQ:NTCT)
NetScout Systems Inc is a technology company that provides network performance monitoring and diagnostics solutions. The company has a market capitalization of $2.54 billion and a return on equity of 1.68%. NetScout’s products are used by enterprises and service providers to troubleshoot and diagnose network problems. The company’s solutions are also used to monitor network performance and ensure quality of service.
– OneSpan Inc ($NASDAQ:OSPN)
OneSpan Inc. is a global leader in security for identity, transactions and security. They serve more than 10,000 customers in over 150 countries, including banks, credit unions, governments, healthcare organizations and enterprises of all sizes. OneSpan Inc. has a market cap of 421.69M as of 2022, a Return on Equity of -7.14%. OneSpan Inc. is a global leader in security for identity, transactions and security. They serve more than 10,000 customers in over 150 countries, including banks, credit unions, governments, healthcare organizations and enterprises of all sizes.
Summary
Total revenue increased 68.0% compared to the same period of the previous year, reaching a high of USD 18.0 million. Net income was up 9.8% year-over-year to USD 77.6 million. This demonstrates A10 Networks’ sustained success in the market, indicating potential for investors. The strong financials make A10 Networks an attractive investment for those looking for long-term growth potential.
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