Notable Earnings: NuVasive (NUVA), A10 Networks (ATEN), Qualys, Inc. (QLYS), EarthLink Holdings (ELNK)

NuVasive, Inc. (NUVA) shares are up $3.34 to $49.00 in after-hours trading Monday after the company reported its first quarter earnings results.

The medical device company posted earnings of $0.30 per share on revenues of $192.4 million, up 8.4% from $177.5 million a year ago. Analysts were expecting EPS of $0.21 on revenues of $189.24 million. Q1 gross margin was 76.3%, down from 75.6% a year earlier. The company’s GAAP net income for the period came in at $31.6 million, or $0.61 per share, from a GAAP net loss of $18.3 million, or ($0.40) per share, for the first quarter 2014. Adjusted EBITDA margin was 24.6%, an increase of approximately 270 basis points compared to 21.9% for 2014.

“We are pleased to report strong results for the first quarter 2015, including double-digit revenue growth on a constant currency basis, as well as exceptional operating and EBITDA margin expansion. These outstanding results speak to the ongoing strength of our innovative edge in the marketplace and commitment to leveraging our scale as NuVasive evolves into a global spine player,” said in a statement Gregory T. Lucier, Chairman and Interim CEO of NuVasive.

For full-year 2015, NUVA provided EPS guidance of $1.10 versus consensus of $1.11 per share. The company also issued revenue projection of $810 million, compared to the consensus revenue estimate of $811 million.

Liquidity: As of March 31, 2015 the name’s cash, cash equivalents and short and long-term marketable securities were approx. $317 million.

NUVA currently prints a one year return of about 34% and a year-to-date loss of around 5.32%.

The chart below shows where the equity has traded year-over-year.

A10 Networks, Inc. (ATEN) reported first quarter non-GAAP EPS of ($0.15) after the closing bell Monday, compared to the consensus estimate of ($0.20). Revenues decreased 3.7% from $45.74 million last year to $44 million. Analysts expected revenues of $43.20 million. Net loss was $13.7 million, or a loss of ($0.15) per share, in the first quarter of 2015, compared to a net income loss of $5.10 million, or ($0.06) per share, in the first quarter of 2014.

Lee Chen, president and chief executive officer of A10 Networks, commented: “Our first quarter 2015 revenue came in at $44.0 million, reflecting 26 percent year-over-year growth in both the United States and sales to enterprise customers, offset by some first quarter seasonality and continued weakness in the service provider segment.”

Profitability-wise, ATEN has a t-12 profit and operating margin of (19.34%) and (18.44%), respectively. The $287.41 million market cap company reported $85.57 million in cash vs. $89 million in total liabilities in its most recent quarter.

ATEN currently prints a one year loss of about 66% and a year-to-date return of less than 3 percent.

The stock is currently up $1.02 to $5.50 on 654K shares.

Shares of Qualys, Inc. (QLYS) are down $15.12, or 26.50%, to $39.96 after the cybersecurity company released its earnings results on Monday. The firm reported Q1’15 EPS of $0.15 per share vs. $0.11 consensus on $37.49 million in revenue, up 23.5% from $30.35 million a year ago. GAAP net income for the first quarter of 2015 was $3.0 million, or $0.08 per diluted share, compared to a net loss of $0.4 million, or ($0.01) loss per diluted share, for the same quarter in 2014.

Looking ahead, the Redwood City, California-based company guided Q2/15 revenues of $39.5 – $40 million, as compared to analysts’ expectations of $40.72 million. The management also gave its bottom line range of $0.09 – $0.11 per share, against projections of $0.13 per share.

On valuation measures, Qualys Inc. shares, which currently have an average 3-month trading volume of 402K shares, trade at a trailing-12 P/E of 68.00, a forward P/E of 79.83 and a P/E to growth ratio of 3.86. The median Wall Street price target on the name is $45.00 with a high target of $61.00. Currently ticker boasts 3 ‘Buy’ endorsements, compared to 10 ‘Holds’ and 1 ‘Sell’.

Profitability-wise, QLYS has a t-12 profit and operating margin of 22.64% and 6.92%, respectively. The $1.87 billion market cap company reported $78 million in cash in its most recent quarter.

QLYS currently prints a one year return of about 181% and a year-to-date return of around 38%.

EarthLink Holdings Corp. (ELNK) rallied $0.82, or 16.91%, to $5.67 in after-hours trading after it reported fiscal results for the first quarter.

In its quarterly report, the cloud solutions provider said it earned ($0.10) per share, well below the ($0.18) per share analysts were expecting. Revenue fell 5% to $282.4 million from $297.3 million a year earlier and below views for $271.2 million. Net loss was $10.5 million during Q1/15. This compares to a net loss of $26.5 million in Q1/14.

Meantime, unlevered free cash flow came in at $43.6 million, an increase of 64.5% from $24.6 million yoy. Net cash provided by operating activities was $18.9 million.

“EarthLink started 2015 by continuing to build on the momentum we established in 2014. We delivered another quarter of strong cash flow and productivity gains, and we launched several key products that will help position us for growth in the future,” stated EarthLink CEO and President Joseph F. Eazor.

EarthLink ended the first quarter of 2015 with $108.1 million in cash.

The chart below shows where the equity has traded over the last 52 weeks.

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