NYSE$ATEN
A10 Networks Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Reported record GAAP net income and revenue growth.
A10 Networks reported a record GAAP net income of $7.8 million for the fourth quarter of 2020, with a 4% year-over-year revenue increase. The company's full-year revenue grew by 6%, and it ended the year with a strong cash position.
- Revenue of $62.7 million, up 4% year-over-year.
- Record GAAP net income of $7.8 million, or $0.10 per share, compared to $51,000, or $0.00 per share in Q4 2019.
- Record non-GAAP net income of $13.9 million, or $0.18 per share compared with non-GAAP net income of $7.8 million, or $0.10 per share in Q4 2019.
- Ended the year with $158.1 million in cash and cash equivalents.
Headline financials
Revenue & EPS history
A10 Networks · Revenue · Quarterly
$62.7M
Revenue by segment
A10 Networks · $62.7M total across 2 segments · Q4 2020
- Products$37.7M—60.2%
- Services$24.9M—39.8%
Forward guidance
A10 plans to leverage its strong position to increase its focus on portfolio management, with the goal of increasing recurring revenue.
Tailwinds
- Strategic focus on portfolio to drive recurring revenue.
- Expect recurring revenue to grow faster than overall revenue.
- Benefiting from industry tailwinds in 5G, multi-cloud, and cybersecurity.
- Enters 2021 in a strong position with leading products.
- Solid balance sheet.
Headwinds
- Impact of the COVID-19 pandemic on business and operations.
- Changes in government regulations and mandates related to COVID-19.
- Decline in global macroeconomic conditions.
- Business interruptions related to the supply chain.
- Risk of customers canceling or delaying orders.
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 Q4 2020
+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 | — | — | — |
Discussion
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