A10 Networks (ATEN) got here out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.13 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 13.33%. 1 / 4 in the past, it was anticipated that this supplier of networking applied sciences would publish earnings of $0.11 per share when it really produced earnings of $0.13, delivering a shock of 18.18%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
A10 Networks , which belongs to the Zacks Communication – Community Software program business, posted revenues of $67.97 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 1.85%. This compares to year-ago revenues of $59.17 million. The corporate has topped consensus income estimates 4 occasions over the past 4 quarters.
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
A10 Networks shares have misplaced about 8.9% for the reason that starting of the 12 months versus the S&P 500’s decline of -13.6%.
What’s Subsequent for A10 Networks?
Whereas A10 Networks has outperformed the market to this point this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for A10 Networks: blended. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the entire checklist of right this moment’s Zacks #1 Rank (Robust Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.17 on $68.22 million in revenues for the approaching quarter and $0.64 on $268.98 million in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Communication – Community Software program is presently within the backside 48% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, Ondas Holdings Inc. (ONDS), is but to report outcomes for the quarter ended June 2022.
This firm is predicted to publish quarterly lack of $0.29 per share in its upcoming report, which represents a year-over-year change of -190%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Ondas Holdings Inc.’s revenues are anticipated to be $1.22 million, up 37.2% from the year-ago quarter.
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