Shares of A10 Networks Inc. (NYSE:ATEN) have been given an average recommendation of “Buy” by the six research firms that are currently covering the stock. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.00.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Dougherty & Co boosted their target price on A10 Networks from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $9.00 target price (up previously from $8.00) on shares of A10 Networks in a report on Tuesday, August 2nd.
In other A10 Networks news, VP Robert D. Cochran sold 25,000 shares of A10 Networks stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $7.86, for a total transaction of $196,500.00. Following the transaction, the vice president now directly owns 153,728 shares in the company, valued at approximately $1,208,302.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert D. Cochran sold 7,000 shares of A10 Networks stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $9.91, for a total transaction of $69,370.00. Following the transaction, the vice president now owns 146,728 shares in the company, valued at $1,454,074.48. The disclosure for this sale can be found here. 34.05% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in A10 Networks by 27.8% in the second quarter. American International Group Inc. now owns 25,374 shares of the company’s stock valued at $164,000 after buying an additional 5,514 shares during the last quarter. Bank of Montreal Can purchased a new position in A10 Networks during the second quarter valued at $183,000. Dynamic Technology Lab Private Ltd boosted its position in A10 Networks by 3.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 35,819 shares of the company’s stock valued at $232,000 after buying an additional 1,312 shares during the last quarter. BlackRock Group LTD boosted its position in A10 Networks by 181.1% in the second quarter. BlackRock Group LTD now owns 38,450 shares of the company’s stock valued at $249,000 after buying an additional 24,772 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in A10 Networks by 21.0% in the second quarter. Rhumbline Advisers now owns 39,197 shares of the company’s stock valued at $254,000 after buying an additional 6,810 shares during the last quarter. Hedge funds and other institutional investors own 46.70% of the company’s stock.
A10 Networks (NYSE:ATEN) traded down 0.09% during midday trading on Monday, hitting $10.68. The stock had a trading volume of 117,086 shares. A10 Networks has a one year low of $4.84 and a one year high of $10.87. The stock’s market cap is $630.44 million. The firm has a 50 day moving average price of $9.95 and a 200 day moving average price of $7.40.
A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. The company had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $56.07 million. A10 Networks had a negative return on equity of 37.97% and a negative net margin of 14.10%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Equities analysts expect that A10 Networks will post ($0.09) EPS for the current year.
A10 Networks Company Profile
A10 Networks, Inc is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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