Small Cap Gainers: ATEN, WIMI, ASPN
3:36 pm Friday, October 29th, 2021
A10 Networks Inc (NYSE:ATEN) posted upside Q3 EPS and revs. Sales of security products increased +18% yr/yr, and a combination of improving commercial execution and favorable market conditions drove +47% yr/yr growth in the Americas. Long-term deferred revs grew +16% yr/yr, outpacing total revs growth. Looking ahead, co expects Q4 revs to grow approx. +10% yr/yr, with the bottom line growing at a faster rate than the top line, and anticipates that positive momentum will continue into 2022. At record highs.
WiMi Hologram Cloud Inc (NASDAQ: WIMI) announced that an application for the “WIMI METAVERSE” trademark has been submitted to the Trademark Office to help co improve its intellectual property protection system. Co owns a total of 4,654 holographic virtual IP rights covering a wide range of categories, including holographic anime, virtual live streaming, and virtual social; co has also launched Metaverse holographic hardware and developed Metaverse software technology.
Aspen Aerogels Inc (NYSE:ASPN) reported upside results for Q3; revs growth reflected continued post-COVID recovery in co’s maintenance related business in chemical and refinery markets. For FY21, co issued in-line EPS guidance and an upside revs outlook. Co is increasing its outlook for EV thermal barrier revs and continues to experience strengthening demand in energy infrastructure and green building materials markets. Reaches new record highs.
