ATEN - Why A10 Networks Stock Soared 34% on Friday
A10 Networks (NYSE: ATEN) shareholders were celebrating on Friday. The software services specialist jumped 34% after management announced strong third-quarter results and issued a bullish outlook for the final quarter of 2021 and beyond.
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Sales rose 15% in the period that ended in late September, management revealed in a late Thursday press release. That spike surpassed the aggressive outlook that CEO Dhrupad Tivedi and his team issued in late July. A10 Networks is finding plenty of room to build on its portfolio, including by pushing deeper into cybersecurity services. "We achieved strong ... results," Tivedi said, "as our solutions are enabling us to capture market share."
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Why A10 Networks Stock Soared 34% on Friday