RTTNews | Oct 29, 2021 10:59AM EDT

10:59 Friday, October 29, 2021 (RTTNews.com) - California-based tech company A10 Networks, Inc. (ATEN), saw its shares jump 29% in the market after the company reported a better-than-expected third-quarter earnings boosted by higher revenue.

Net income reported by the company was $74.9 million or $0.94 per share, compared with net income of $6.5 million, or $0.08 per share in the third quarter of 2020. On an adjusted basis, earnings were $13.7 million or $0.17 per share that beat the average analyst estimate of $0.15 per share. The company reported revenue of $65.36 million, 15% better than $56.60 million in the prior year.

The stock is currently trading at $17.80, up $3.95 or 28.50% from its previous close at $13.85.

In the 562-week period, the shares have ranged between $6.68 and $18.40

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