A10 Networks, Inc. (ATEN) Upgraded by BidaskClub to “Sell”
BidaskClub upgraded shares of A10 Networks, Inc. (NYSE:ATEN) from a strong sell rating to a sell rating in a report issued on Friday.
Other equities research analysts have also issued reports about the stock. KeyCorp lowered shares of A10 Networks from an overweight rating to a sector weight rating in a report on Friday, July 14th. DA Davidson raised their price objective on shares of A10 Networks to $9.00 and gave the stock a buy rating in a report on Friday, July 14th. Zacks Investment Research lowered shares of A10 Networks from a hold rating to a sell rating in a report on Tuesday, July 18th. ValuEngine lowered shares of A10 Networks from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Bank of America Corporation dropped their price objective on shares of A10 Networks from $10.00 to $8.50 and set a buy rating on the stock in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $9.60.
A10 Networks (NYSE ATEN) traded down 4.49% during trading on Friday, hitting $6.60. 2,613,898 shares of the stock traded hands. The company’s 50 day moving average is $6.56 and its 200 day moving average is $7.98. The company’s market capitalization is $389.60 million. A10 Networks has a one year low of $6.02 and a one year high of $10.87.
A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The business had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. During the same period last year, the business posted ($0.02) earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts forecast that A10 Networks will post ($0.08) EPS for the current fiscal year.
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In other A10 Networks news, Director Alan S. Henricks sold 10,000 shares of A10 Networks stock in a transaction on Monday, August 14th. The shares were sold at an average price of $6.40, for a total value of $64,000.00. Following the sale, the director now directly owns 64,571 shares in the company, valued at approximately $413,254.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $8.46, for a total transaction of $211,500.00. Following the completion of the sale, the chief executive officer now owns 10,686,538 shares in the company, valued at $90,408,111.48. The disclosure for this sale can be found here. Insiders sold a total of 341,311 shares of company stock worth $2,406,049 over the last quarter. Company insiders own 34.05% of the company’s stock.
A number of hedge funds have recently modified their holdings of ATEN. Campbell & CO Investment Adviser LLC increased its stake in A10 Networks by 1.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 146 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in A10 Networks in the 1st quarter valued at $103,000. Airain ltd acquired a new stake in A10 Networks in the 1st quarter valued at $112,000. KCG Holdings Inc. acquired a new stake in A10 Networks in the 1st quarter valued at $115,000. Finally, US Bancorp DE increased its stake in A10 Networks by 618.0% in the 1st quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares during the last quarter. Hedge funds and other institutional investors own 56.51% of the company’s stock.
About A10 Networks
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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