A10 Networks (ATEN) Posts Quarterly Earnings, Misses Expectations By $0.01 EPS
A10 Networks (NASDAQ:ATEN) announced its earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.01, AnalystRatings.Net reports. The company had revenue of $45.10 million for the quarter, compared to the consensus estimate of $47.40 million. The company’s quarterly revenue was up 49.8% on a year-over-year basis.
ATEN has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of A10 Networks in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock. On a related note, analysts at Dougherty & Co initiated coverage on shares of A10 Networks in a research note on Thursday, July 10th. They set a “neutral” rating on the stock. Finally, analysts at DA Davidson initiated coverage on shares of A10 Networks in a research note on Wednesday, July 9th. They set a “neutral” rating and a $14.00 price target on the stock. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $18.00.
Shares of A10 Networks (NASDAQ:ATEN) traded up 3.86% on Wednesday, hitting $12.93. 453,787 shares of the company’s stock traded hands. A10 Networks has a 52-week low of $10.20 and a 52-week high of $16.50. The stock’s 50-day moving average is $12.71 and its 200-day moving average is $12.80. The company’s market cap is $763.3 million.
A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.
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