NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of A10 Networks, Inc. (NYSE:ATEN) resulting from allegations that A10 Networks may have issued materially misleading business information to the investing public.
On January 16, 2018, A10 Networks announced it expected fourth quarter 2017 revenue to be between $55.5 million and $56 million, which was below its 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 of 2015 through the fourth quarter of 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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by A10 Networks investors. If you purchased shares of A10 Networks, please visit the firm’s website at http://www.rosenlegal.com/cases-1284.html to join the class action. You may also contact Phillip Kim or Daniel Sadeh of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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