A10 Networks, Inc. (ATEN) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of A10 Networks, Inc. (NYSE:ATEN) from a strong sell rating to a hold rating in a research note published on Tuesday.

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. “

A number of other equities research analysts have also weighed in on ATEN. BidaskClub upgraded shares of A10 Networks from a sell rating to a hold rating in a research note on Saturday, September 30th. ValuEngine lowered shares of A10 Networks from a hold rating to a sell rating in a research note on Thursday, July 27th. Bank of America Corporation decreased their target price on shares of A10 Networks from $10.00 to $8.50 and set a buy rating for the company in a research note on Friday, July 14th. KeyCorp lowered shares of A10 Networks from an overweight rating to a sector weight rating in a research note on Friday, July 14th. Finally, DA Davidson boosted their target price on shares of A10 Networks to $9.00 and gave the company a buy rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. A10 Networks presently has an average rating of Hold and an average target price of $9.75.

Shares of A10 Networks (NYSE:ATEN) traded down 1.05% during trading on Tuesday, reaching $7.52. The company’s stock had a trading volume of 129,504 shares. The firm’s 50-day moving average price is $6.94 and its 200-day moving average price is $7.67. The company’s market capitalization is $443.91 million. A10 Networks has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The business had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. On average, equities analysts anticipate that A10 Networks will post ($0.03) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/a10-networks-inc-aten-upgraded-by-zacks-investment-research-to-hold.html.

In other news, EVP Robert D. Cochran sold 8,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $6.76, for a total transaction of $54,080.00. Following the completion of the sale, the executive vice president now owns 181,662 shares of the company’s stock, valued at approximately $1,228,035.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Neil Wu Becker sold 5,155 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.74, for a total transaction of $34,744.70. Following the sale, the vice president now directly owns 118,946 shares of the company’s stock, valued at approximately $801,696.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 365,146 shares of company stock valued at $2,466,549. Insiders own 34.05% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC grew its position in shares of A10 Networks by 1.3% during 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 acquiring an additional 146 shares during the period. Gotham Asset Management LLC bought a new stake in shares of A10 Networks during the 1st quarter valued at $103,000. KCG Holdings Inc. bought a new stake in shares of A10 Networks during the 1st quarter valued at $115,000. US Bancorp DE grew its position in shares of A10 Networks by 618.0% during the 1st quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after acquiring an additional 13,719 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of A10 Networks during the 2nd quarter valued at $149,000. 56.51% of the stock is owned by hedge funds and other institutional investors.

A10 Networks Company Profile

A10 Networks, Inc is

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. “

A number of other equities research analysts have also weighed in on ATEN. BidaskClub upgraded shares of A10 Networks from a sell rating to a hold rating in a research note on Saturday, September 30th. ValuEngine lowered shares of A10 Networks from a hold rating to a sell rating in a research note on Thursday, July 27th. Bank of America Corporation decreased their target price on shares of A10 Networks from $10.00 to $8.50 and set a buy rating for the company in a research note on Friday, July 14th. KeyCorp lowered shares of A10 Networks from an overweight rating to a sector weight rating in a research note on Friday, July 14th. Finally, DA Davidson boosted their target price on shares of A10 Networks to $9.00 and gave the company a buy rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. A10 Networks presently has an average rating of Hold and an average target price of $9.75.

Shares of A10 Networks (NYSE:ATEN) traded down 1.05% during trading on Tuesday, reaching $7.52. The company’s stock had a trading volume of 129,504 shares. The firm’s 50-day moving average price is $6.94 and its 200-day moving average price is $7.67. The company’s market capitalization is $443.91 million. A10 Networks has a one year low of $6.02 and a one year high of $9.94.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06. The business had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. On average, equities analysts anticipate that A10 Networks will post ($0.03) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/a10-networks-inc-aten-upgraded-by-zacks-investment-research-to-hold.html.

In other news, EVP Robert D. Cochran sold 8,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $6.76, for a total transaction of $54,080.00. Following the completion of the sale, the executive vice president now owns 181,662 shares of the company’s stock, valued at approximately $1,228,035.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Neil Wu Becker sold 5,155 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $6.74, for a total transaction of $34,744.70. Following the sale, the vice president now directly owns 118,946 shares of the company’s stock, valued at approximately $801,696.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 365,146 shares of company stock valued at $2,466,549. Insiders own 34.05% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC grew its position in shares of A10 Networks by 1.3% during 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 acquiring an additional 146 shares during the period. Gotham Asset Management LLC bought a new stake in shares of A10 Networks during the 1st quarter valued at $103,000. KCG Holdings Inc. bought a new stake in shares of A10 Networks during the 1st quarter valued at $115,000. US Bancorp DE grew its position in shares of A10 Networks by 618.0% during the 1st quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after acquiring an additional 13,719 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of A10 Networks during the 2nd quarter valued at $149,000. 56.51% of the stock is owned by hedge funds and other institutional investors.

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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