A10 Networks Given Consensus Recommendation of “Buy” by Brokerages (NASDAQ:ATEN)
A10 Networks (NASDAQ:ATEN) has been given an average rating of “Buy” by the ten analysts that are presently covering the company, Stock Ratings Network.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.69.
A10 Networks (NASDAQ:ATEN) opened at 10.59 on Tuesday. A10 Networks has a 52 week low of $9.26 and a 52 week high of $16.50. The stock has a 50-day moving average of $12.06 and a 200-day moving average of $12.55. The company’s market cap is $625.1 million.
A10 Networks (NASDAQ:ATEN) last released its earnings data on Wednesday, July 30th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.01. The company had revenue of $45.10 million for the quarter, compared to the consensus estimate of $47.40 million. A10 Networks’s revenue was up 49.8% compared to the same quarter last year. On average, analysts predict that A10 Networks will post $-0.31 earnings per share for the current fiscal year.
A number of research firms have recently commented on ATEN. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of A10 Networks in a research note on Thursday, July 31st. They now have a $15.00 price target on the stock, down previously from $18.00. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of A10 Networks in a research note on Thursday, July 31st. They now have a $16.50 price target on the stock, down previously from $17.00. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of A10 Networks in a research note on Thursday, July 31st. They now have a $14.00 price target on the stock, down previously from $18.00.
A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.
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