A10 Networks Inc
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Information Technology : Software | Small Cap Growth
Company profile

A10 Networks, Inc. is a provider of networking solutions that enable networks focused on reliability, availability, scalability, and cybersecurity. The Company's portfolio supports customers operating in the cloud, on-premises or in hybrid environments. The Company's product portfolio consists of six secure application solutions and two intelligent management and automation tools. Its secure application solutions include Thunder Application Delivery Controller (ADC), Lightning Application Delivery Controller (Lightning ADC), Thunder Carrier Grade Networking (CGN), Thunder Threat Protection System (TPS), Thunder SSL Insight (SSLi) and Thunder Convergent Firewall (CFW). Its intelligent management and automation tools include Harmony Controller and aGalaxy TPS. Its software solutions are available to be delivered in a variety of form factors, such as embedded in optimized hardware appliances, as bare metal software, containerized software, virtual appliances, and cloud-native software.

Price
Delayed
$14.26
Day's Change
-0.49 (-3.32%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.80
Day's Low
14.24
Volume
(Light)

Today's volume of 160,253 shares is on pace to be much lighter than ATEN's 10-day average volume of 863,298 shares.

160,253

Arqit Shareholder Notice

6:33 pm ET May 18, 2022 (Newsfile) Print

New York, New York--(Newsfile Corp. - May 18, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Arqit Quantum Inc. ("Arqit" or the "Company") (NASDAQ: ARQQ) (NASDAQ: ARQQW).

If you suffered losses exceeding $50,000 investing in Arqit stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may alsoclick here for additional information: www.faruqilaw.com/ARQQ.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6455/124583_1d11fa432460d8bf_001.jpg

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Arqit is a U.K. cybersecurity company that purports to have pioneered a unique quantum encryption technology which makes the communications links of any networked device secure against current and future forms of cyber attack,?even an attack from a quantum computer.

Arqit went public in the U.S. on September 3, 2021, by merging with a special purpose acquisition company ("SPAC"). At the time, the Company projected it would rapidly become highly profitable, projecting $660 million in revenue in 2025. Shortly after the Company went public, the price of Arqit shares reached a high of $41.52.

On April 18, 2022, before the market opened, the Wall Street Journal published an article entitled, "British Encryption Startup Arqit Overstates Its Prospects, Former Staff and Others Say." The article reported that Arqit gave investors an overly optimistic view of its committed and future revenue and the readiness and workability of its encryption system. According to the article, "[P]eople familiar with the matter said that the bulk of the company's committed revenue isn't from selling its product and that at its public launch, the company had little more than an early-stage prototype of its encryption system."

On this news, the price of Arqit shares and warrants have fallen sharply during the trading day on April 18, 2022. As of this writing, the stock price is down approximately 19% and the warrants price is down approximately 39%.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.



To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124583

comtex tracking

COMTEX_407420159/2523/2022-05-18T18:33:33

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