A10 Networks sees Q3 revenue $56.5M-$58.5M, consensus $74.65M

Sees cash and cash equivalents $162M-$166M. “The industry headwinds we discussed on our previous earnings calls impacted our results in the Q3.”, commented Dhrupad Trivedi, President and CEO of A10 Networks. “In our Q3 we experienced delays related to North American service provider customers pushing out capital expenditures. Deals we expected to close at the end of the quarter were delayed into future periods. This was partially offset by growth in our Enterprise business.” Trivedi continued, “Given the Q3 results, we have taken actions to achieve historical profitability levels without compromising our long-term growth plans driven by sales of our industry-leading cybersecurity solutions. We maintained robust profitability and cash generation, preserving our strong balance sheet. We expect to achieve Q4 revenue between $70M-$80M. As a result we anticipate growth in full-year non-GAAP EPS.”