News articles about A10 Networks (NYSE:ATEN) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. A10 Networks earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.4252866201467 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Zacks Investment Research Upgrades A10 Networks, Inc. (ATEN) to Hold (americanbankingnews.com)
- A10 Networks, Inc. (ATEN) EVP Raymond J. Smets Sells 6,945 Shares (americanbankingnews.com)
- A10 Networks, Inc. (ATEN) CEO Sells $190,500.00 in Stock (americanbankingnews.com)
- A10 Networks, Inc. (ATEN) stands 13.33% away from 50 SMA: Technical Watch – Voice Of Analysts (analystsbuzz.com)
A10 Networks (NYSE ATEN) traded down 1.45% during mid-day trading on Wednesday, reaching $7.49. The company’s stock had a trading volume of 351,586 shares. A10 Networks has a one year low of $6.02 and a one year high of $9.94. The stock’s 50 day moving average is $6.94 and its 200 day moving average is $7.67. The firm’s market cap is $442.13 million.
A10 Networks (NYSE:ATEN) last posted its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The business had revenue of $53.69 million for the quarter, compared to analysts’ expectations of $52.99 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. On average, analysts anticipate that A10 Networks will post ($0.03) EPS for the current year.
Several analysts have weighed in on ATEN shares. Bank of America Corporation dropped their price target on A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday, July 14th. DA Davidson boosted their price target on A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research upgraded A10 Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Finally, KeyCorp downgraded A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.75.
In related news, EVP Robert D. Cochran sold 8,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $6.76, for a total value of $54,080.00. Following the transaction, the executive vice president now owns 181,662 shares in the company, valued at approximately $1,228,035.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $6.35, for a total value of $158,750.00. Following the completion of the transaction, the chief executive officer now owns 10,561,538 shares in the company, valued at approximately $67,065,766.30. The disclosure for this sale can be found here. Insiders sold a total of 365,146 shares of company stock worth $2,466,549 in the last 90 days. 34.05% of the stock is currently owned by insiders.
A10 Networks Company Profile
A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
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