Friday , May 27 2022

Assigned: A10 Networks analyzes potential sales – sources


Liana B. Baker

(Reuters) – A10 Networks Inc. is a US technology company that is helping companies and their hardware support networks and data centers to analyze the potential of the company's potential sales.


After four years of movement, A10 was publicly marketed. The shares of the company have dropped more than 60 percent since then, among the strong competition of big rivals, such as F5 Networks Inc and Citrix Systems Inc, as well as smaller members such as Radware Ltd.

A10's sales discussions are in the first phase, and there is no certainty that an agreement will be reached, said the source, not to be identified, because issues are confidential.

A10 did not comment on the requests.

A10 shares fell 10% on Friday, the New York Stock Exchange, 10 percent (4.99 pounds), trading capitalization for 500 million euros.

A10's sales exploration is taking place in the midst of cloud computing, but many businesses are purchasing Amazon's Web Services or Alphabet Inc's cloud computing capability rather than building their own data centers. He is putting pressure on the economic pressure of A10 and its members, and is consolidating.

F5 Networks explored a sale two years ago, after selling its interest in the deal, Reuters reported at the time, never having reached an agreement.

In March, A10 Networks settled with Viex Capital Advisors, an active investor of around 5.3 per cent of the company at the time.

As part of this agreement, the company has added a new board of directors and has presented the proposal to change its board to facilitate the review of its shareholders.

In July, the company announced, including reports from the quarterly income statement for 2016, in accordance with the internal investigation of a report committee.

Income from A10 fell by 2.4% in the third quarter of 60.5 million dollars and ended on September 30, compared to the previous year with $ 62 million. The net loss was shared with $ 1.8 million or 2 cents, a net loss of $ 2.25 million per year or 3 cents per year.

(Reporting to Liana B. Baker in New York, additional review by Stephen Nellis in San Francisco, editor Jonathan Oatis)

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