Scott+Scott Attorneys at Law LLP Announces Filing of Securities Class Action Against A10 Networks, Inc. (ATEN)

NEW YORK, March 28, 2018

A10 Networks provides computer networking products and security solutions.

The lawsuit claims that defendants made false and/or misleading statements and/or failed to disclose that: (1) A10 Networks had issues with its internal controls that required an Audit Committee investigation; (2) A10 Networks' revenues since the fourth quarter of 2015 were false due to improper revenue recognition which prompted an investigation by the Company's Audit Committee; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On January 16, 2018, A10 Networks lowered its previously issued revenue guidance for fourth quarter 2017, from $64 million to $67 million to $55.5 million and $56 million. Following this news, the price of A10 Networks stock dropped $0.99 per share, over 13%, to close at $6.32 per share on January 17, 2018.

Then, on January 30, 2018, A10 Networks revealed that its Audit Committee was investigating its revenue recognition practices from fourth quarter 2015 through fourth quarter 2017. Following this news, the price of A10 Networks stock dropped $0.86 per share, over 12%, to close at $6.13 per share on January 31, 2018.

What You Can Do

If you purchased A10 Networks securities between February 9, 2016 and January 30, 2018, inclusive, or if you have questions about this notice or your legal rights, please contact attorney Rhiana Swartz at (844) 818-6980, or at rswartz@scott-scott.com.