21 Oct CEO Jon Cartu Reports – A10 Networks (NYSE:ATEN) Lowered to “Hold” at Zacks…
According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “
Separately, ValuEngine lowered A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th.
Shares of A10 Networks stock traded up $0.08 on Monday, reaching $6.73. 13,516 shares of the company’s stock were exchanged, compared to its average volume of 309,010. The company has a market capitalization of $511.39 million, a P/E ratio of -30.59 and a beta of 0.64. A10 Networks has a 52 week low of $5.55 and a 52 week high of $8.29. The firm’s 50-day moving average is $6.90 and its two-hundred day moving average is $6.83.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $49.20 million for the quarter, compared to the consensus estimate of $53.06 million. A10 Networks had a negative return on equity of 16.48% and a negative net margin of 9.67%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. Sell-side analysts forecast that A10 Networks will post -0.22 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of ATEN. Nuveen Asset Management LLC acquired a new position in shares of A10 Networks during the second quarter worth approximately $4,764,000. BlackRock Inc. raised its position in A10 Networks by 9.7% in the 2nd quarter. BlackRock Inc. now owns 5,257,783 shares of the communications equipment provider’s stock valued at $35,856,000 after buying an additional 463,791 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in A10 Networks by 100.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 595,203 shares of the communications equipment provider’s stock valued at $4,060,000 after buying an additional 298,878 shares during the last quarter. First Trust Advisors LP purchased a new stake in A10 Networks in the 1st quarter valued at $1,741,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in A10 Networks in the 2nd quarter valued at $626,000. 68.03% of the stock is currently owned by institutional investors.
About A10 Networks
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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