A10 Networks Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:ATEN)
Shares of A10 Networks (NASDAQ:ATEN) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the stock, American Banking News.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.50.
A number of analysts have recently weighed in on ATEN shares. Analysts at Zacks initiated coverage on shares of A10 Networks in a research note on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of A10 Networks in a research note on Monday. They set a “buy” rating on the stock. Finally, analysts at Bank of America initiated coverage on shares of A10 Networks in a research note on Wednesday, April 16th. They set a “buy” rating and a $19.00 price target on the stock.
Shares of A10 Networks (NASDAQ:ATEN) traded down 2.03% on Thursday, hitting $13.265. 71,399 shares of the company’s stock traded hands. A10 Networks has a one year low of $12.92 and a one year high of $16.50. The stock’s 50-day moving average is $14.44 and its 200-day moving average is $14.44. The company’s market cap is $783.0 million.
A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.
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