The firm is investigating potential claims against the board of directors of A10 Networks, Inc. (Nasdaq: ATEN) concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.
On January 16, 2018, A10 announced that it expected fourth quarter 2017 revenue to be between $55.5 million and $56.0 million, which was below its prior guidance of $64.0 million to $67.0 million. On this news, A10’s stock price fell nearly 14%, thereby injuring investors.
Then, on January 30, 2018, A10 disclosed that the Company’s Audit Committee was investigating the Company’s revenue recognition practices from the fourth quarter of 2015 through the fourth quarter of 2017, inclusive. On this news, A10’s stock price fell nearly 12% on January 31, 2018, thereby further injuring investors.
If you are aware of any facts relating to this investigation, or are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, please contact us.
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