BMO Capital raises price to $17 from $13..Outperform Rating
Piper Jaffray raises price to $17 from $14..Overweight Rating
Pacific Crest raises price to $16 from $15..Outperform Rating
It is all good
A10 Networks (ATEN) Misses Q2 EPS by 1c
4:45 PM ET, 07/30/2014 - Street Insider
A10 Networks (NYSE: ATEN) reported Q2 EPS of ($0.09), $0.01 worse than the analyst estimate of ($0.08). Revenue for the quarter came ROSE 50% YoY to $45.1 million versus the consensus estimate of $47.4 million.
Our strong 50 percent year-over-year revenue growth demonstrates the progress we have made in growing our market footprint and diversifying our customer base, said Lee Chen, president and chief executive officer of A10 Networks. U.S. revenue more than doubled year-over-year and grew 44 percent over the first quarter, however, total revenue was slightly below our guidance as a result of lower service provider spending in Japan where several deals pushed into future quarters.
Our recently introduced high-end Thunder products are gaining momentum in the market, validating the increased customer demand for higher scalability and throughput as well as greater price performance. We are very pleased with the significant increase in the number of deals currently in the pipeline, and we will continue to expand our market presence by investing in our sales team and expanding our channel partner program, continued Chen.
Ruckus Wireless (RKUS) Tops Q2 EPS by 6c; Guides Q3 EPS Above the Street
4:15 PM ET, 07/30/2014 - Street Insider
Ruckus Wireless (NYSE: RKUS) reported Q2 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $81 million versus the consensus estimate of $79.4 million.
Ruckus Wireless sees Q3 2014 EPS of $0.09-$0.11, versus the consensus of $0.06. Ruckus Wireless sees Q3 2014 revenue of $84-86 million, versus prior guidance of $85 million.
"We are very pleased with our execution in the second quarter as we continue to capitalize on the market needs for carrier-class Wi-Fi. Momentum was strong across both our service provider and enterprise businesses. We delivered strong financial results, reporting revenue, gross margins and EPS above guidance," said Selina Lo, president and chief executive officer, Ruckus Wireless. "Our Smart Wi-Fi technology continues to differentiate us against our competitors, our new products are gaining traction and we are seeing new market drivers that will further our momentum."
Access Midstream Partners (ACMP) Misses Q2 EPS by 12c
4:32 PM ET, 07/29/2014 - Street Insider
Access Midstream Partners (NYSE: ACMP) reported Q2 EPS of $0.18, $0.12 worse than the analyst estimate of $0.30. Adjusted EBITDA for the 2014 second quarter totaled $275.1 million. Revenue for the quarter came in at $292.9 million versus the consensus estimate of $300.59 million