A10 Networks Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:ATEN)
Shares of A10 Networks (NASDAQ:ATEN) have been given an average recommendation of “Buy” by the ten ratings firms that are presently covering the company, Analyst RN reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.69.
Several analysts have recently commented on the stock. 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 (NASDAQ:ATEN) opened at 11.16 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 $11.77 and a 200-day moving average of $12.49. The company’s market cap is $658.8 million.
A10 Networks (NASDAQ:ATEN) last posted its quarterly earnings results 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. Analysts expect that A10 Networks will post $-0.31 EPS for the current fiscal year.
A10 Networks, Inc (NASDAQ:ATEN) is a provider of advanced application networking technologies.
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