NYSE$ATEN
A10 Networks Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
A10 Networks' first quarter results for 2024 were reported, showcasing revenue growth and increased earnings per share.
A10 Networks reported revenue of $60.7 million, a 5.2% year-over-year increase, and a GAAP net income of $9.7 million, or $0.13 per diluted share. The company's diversification strategy and focus on security solutions contributed to the solid results.
- Revenue increased by 5.2% year-over-year, reaching $60.7 million.
- GAAP net income was $9.7 million, or $0.13 per diluted share, compared to $4.0 million, or $0.05 per diluted share in Q1 2023.
- Non-GAAP net income was $12.7 million, or $0.17 per diluted share, compared to $9.9 million, or $0.13 per diluted share in Q1 2023.
- The company returned $7.5 million to investors through share repurchases and cash dividends.
Headline financials
Revenue & EPS history
A10 Networks · Revenue · Quarterly
$60.7M
Revenue by segment
A10 Networks · $57.8M total across 2 segments · Q3 2023
- Products$30.3M—52.4%
- Services$27.5M—47.6%
Forward guidance
A10 anticipates continued growth in enterprise revenue throughout the year, driven by active pipeline and customer engagements. The company expects the demand for security solutions to remain strong.
Tailwinds
- Enterprise revenue is expected to grow throughout the year.
- Active pipeline and customer engagements are driving enterprise revenue growth.
- Demand for security solutions remains strong.
- Investments in R&D are addressing evolving customer needs, including AI solutions.
- Diversification in customer type and region provides a durable foundation.
Headwinds
- The economic environment remains somewhat unpredictable.
- Market volatility continues to pose challenges.
- Service Provider fluctuations may impact near-term results.
- Unforeseen capital needs may require diverting funds from dividend or stock repurchase programs.
- Global macroeconomic or political conditions could adversely affect the business and financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.9%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.8%
Avg return
30 days after
62%
33 / 53 earnings
Positive
+37.6%
Q3 2021
Best reaction
-18.7%
Q4 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | -3.9% | +6.8% | |
| Q4 2025 | +10.3% | +19.4% | +16.8% | |
| Q3 2025 | +3.5% | -1.8% | +1.4% | |
| Q1 2025 | -0.6% | +2.9% | +4.9% | |
| Q4 2024 | +2.7% | +1.3% | -2.9% | |
| Q3 2024 | +6.3% | +9.4% | +19.0% | |
| Q2 2024 | -7.1% | -7.5% | -2.3% | |
| Q1 2024 | +14.7% | +13.1% | +12.7% | |
| Q4 2023 | +0.2% | +2.4% | +4.0% | |
| Q3 2023 | +6.6% | +9.4% | +14.3% | |
| Q2 2023 | +5.3% | +6.2% | +0.3% | |
| Q1 2023 | -2.3% | -2.1% | +5.5% | |
| Q4 2022 | -4.5% | -3.9% | -5.3% | |
| Q3 2022 | +8.2% | +8.7% | +13.0% | |
| Q2 2022 | +3.5% | +2.1% | -11.8% | |
| Q1 2022 | +14.0% | +1.4% | +9.5% | |
| Q4 2021 | -5.9% | -5.5% | -3.1% | |
| Q3 2021 | +37.6% | +13.7% | +12.2% | |
| Q2 2021 | +9.9% | +12.4% | +21.9% | |
| Q1 2021 | -8.3% | -9.2% | +3.0% | |
| Q4 2020 | -12.4% | -17.2% | -9.4% | |
| Q3 2020 | +5.4% | -1.0% | +19.4% | |
| Q2 2020 | +14.2% | +11.8% | +19.1% | |
| Q1 2020 | +8.2% | -1.6% | +3.3% | |
| Q4 2019 | +0.0% | +0.1% | -39.8% | |
| Q3 2019 | +12.9% | +11.5% | +4.0% | |
| Q2 2019 | +2.3% | -2.6% | -6.1% | |
| Q1 2019 | -5.7% | -9.7% | -13.1% | |
| Q4 2018 | -7.6% | -4.9% | -1.9% | |
| Q3 2018 | +3.8% | +10.4% | +12.3% | |
| Q1 2018 | +1.0% | -4.2% | -11.9% | |
| Q2 2018 | +1.0% | -4.2% | -11.9% | |
| Q4 2017 | -0.3% | +0.3% | -12.5% | |
| Q3 2017 | +0.9% | -0.9% | +9.6% | |
| Q2 2017 | +12.7% | +12.6% | -0.5% | |
| Q1 2017 | -11.7% | -13.4% | -8.3% | |
| Q4 2016 | +14.7% | +17.1% | +10.2% | |
| Q3 2016 | -17.7% | -15.7% | -5.3% | |
| Q2 2016 | +4.1% | +5.7% | +31.2% | |
| Q1 2016 | -9.7% | — | — | |
| Q4 2015 | +13.4% | — | — | |
| Q3 2015 | +20.5% | — | — | |
| Q2 2015 | +24.5% | — | — | |
| Q1 2015 | +16.3% | — | — | |
| Q4 2012 | +5.6% | — | — | |
| Q4 2014 | -18.7% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q3 2014 | +7.1% | — | — | |
| Q2 2013 | -5.8% | — | — | |
| Q2 2014 | -13.3% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q1 2014 | -5.3% | — | — | |
| Q3 2012 | — | — | — |
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