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ATEN.US
id: 932, Created by , Scout

A10 (ATEN) Q3 2023 Delays Case

  • In Oct, A10 disclosed delays in achieving operational goals.
  • On it, $ATEN fell 22.1%, losing $300M+ shareholder value.
  • Now, investors may suspect A10 of hiding operational setbacks which consequently led to their losses.
On October 3, 2023, A10 (ATEN) reported preliminary financial results for Q3’23.
  • Press releases disclosed delays related to North American service provider customers pushing out capital expenditures.
  • It also disclosed the delay of deals’ closings previously expected in Q3’23.
On this news, $ATEN fell 27.2% and lost over $306 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that A10 and its executives were involved in unlawful business practices and failed to timely disclose operational setbacks which consequently led to their losses.

The case is already under investigation by al least one of the reputable law firms.
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
04 October 2023
Collecting participants…

A10 Network

A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advan...

    Ticker
    ATEN.US
    ISIN
    US0021211018
    CIK
    1580808
    Sector
    Technology
    Industry
    Software - Infrastructure
    Country
    USA
    Address
    2300 Orchard Parkway, San Jose, CA, United States, 95131