Why Are A10 Networks Shares Trading Higher Today

  • A10 Networks Inc ATEN will replace Ferro Corp FOE in the S&P SmallCap 600 effective before the market opens on April 26. 
  • Prince International Corp, a portfolio company of American Securities LLC, acquired Ferro in a transaction that closed on April 21.
  • A10's Q4 FY21 non-GAAP EPS of $0.20 beat the consensus of $0.17, revenue of $70.70 million, up 13% Y/Y, surpassed the consensus of $68.84 million.
  • A10 will declare its Q1 FY22 results after the markets close on May 3.
  • Price Action: ATEN shares traded higher by 13.1% at $14.93 on the last check Friday.

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