SOURCE: Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP

February 06, 2015 20:32 ET

INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in A10 Networks, Inc. (ATEN) to Contact the Firm

NEW YORK, NY--(Marketwired - February 06, 2015) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in A10 Networks, Inc. ("A10" or the "Company") (NYSE: ATEN) of the March 30, 2015 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against A10, certain officers of the Company and Underwriters of the Company's initial public offering ("IPO").

A complaint has been filed in the Superior Court of the State of California, Santa Clara County on behalf of all persons who purchased A10 common stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with A10's IPO (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its statements concerning its business, operations, and prospects.

Specifically, the action alleges that A10 failed to disclose that: (i) the Company's 2013 sales growth had been increased by customer conversion rather than sales to new customers; (ii) A10 had experienced lower revenue bookings from its North American service provider customers; (iii) the Company's sales closing cycles had been longer than usual; (iv) A10 lacked engineering staff and management oversight sufficient to close certain deals; and (v) the Company employed ineffective reporting controls over inventory.

Following the IPO, the price of the Company's stock has declined by over $10.00 per share, or over 67%, from the IPO price of $15.00 per share.

Request more information now by clicking here: www.faruqilaw.com/ATEN. There is no cost or obligation to you.

Take Action

If you invested in A10 common stock pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with A10's IPO and would like to discuss your legal rights, visit www.faruqilaw.com/ATEN. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding A10's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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.

Contact Information

  • FARUQI & FARUQI, LLP
    369 Lexington Avenue, 10th Floor
    New York, NY 10017
    Attn: Richard Gonnello, Esq.
    rgonnello@faruqilaw.com
    Telephone: (877) 247-4292 or (212) 983-9330