19 Oct CFO Jonathan Cartu Publishes – A10 Networks (NYSE:ATEN) Upgraded to Buy at Zacks…
Zacks Investment Research upgraded shares of A10 Networks (NYSE:ATEN) from a hold rating to a buy rating in a research report report published on Friday, Zacks.com reports. Zacks Investment Research currently has $7.50 price objective on the communications equipment provider’s stock.
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 cut shares of A10 Networks from a hold rating to a sell rating in a research report on Thursday, October 10th.
ATEN traded down $0.03 on Friday, reaching $6.65. The company had a trading volume of 339,995 shares, compared to its average volume of 309,010. The business has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $6.83. The company has a market cap of $509.12 million, a price-to-earnings ratio of -30.23 and a beta of 0.64. A10 Networks has a 52-week low of $5.55 and a 52-week high of $8.29.
A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). A10 Networks had a negative net margin of 9.67% and a negative return on equity of 16.48%. The business had revenue of $49.20 million for the quarter, compared to the consensus estimate of $53.06 million. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, equities analysts expect that A10 Networks will post -0.22 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ATEN. Marshall Wace North America L.P. bought a new position in A10 Networks during the first quarter valued at approximately $277,000. First Trust Advisors LP bought a new position in shares of A10 Networks in the first quarter worth approximately $1,741,000. Aperio Group LLC bought a new position in shares of A10 Networks in the second quarter worth approximately $46,000. DekaBank Deutsche Girozentrale bought a new position in shares of A10 Networks in the second quarter worth approximately $626,000. Finally, Stone Ridge Asset Management LLC grew its holdings in shares of A10 Networks by 44.4% in the second quarter. Stone Ridge Asset Management LLC now owns 44,828 shares of the communications equipment provider’s stock worth $306,000 after purchasing an additional 13,778 shares during the last quarter. Institutional investors and hedge funds own 68.16% of the company’s stock.
A10 Networks Company Profile
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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