USMA Law Group is investigating potential securities fraud claims on behalf of purchasers of the common stock of A10 Networks, Inc. (NYSE: ATEN). A10 Networks may have issued materially misleading information to investors regarding its business operations.
On January 16, 2018, A10 Networks announced it expected fourth quarter 2017 revenue to be between $55.5 million and $56 million, which was significantly below the company’s prior guidance of $64 million to $67 million. On this news, shares of A10 Networks fell $0.99 or over 13% from its previous closing price to close at $6.32 per share on January 17, 2018.
Then, on January 30, 2018, A10 Networks disclosed that its audit committee was investigating the company’s revenue recognition practices from the fourth quarter 2015 through the fourth quarter 2017. On this news, shares of A10 Networks fell $0.86 or over 12% from its previous closing price to close at $6.13 per share on January 31, 2018.
USMA Law Group is preparing a class action lawsuit to recover losses suffered by A10 Networks investors. If you suffered losses from purchases of A10 Networks shares, please visit the firm’s investigation webpage. You may also contact David P. Abel at 202-274-0237 or via email at email@example.com.