Wall Street brokerages expect that A10 Networks, Inc. (NYSE:ATEN) will announce ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for A10 Networks’ earnings. A10 Networks posted earnings per share of ($0.08) during the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, July 27th.

On average, analysts expect that A10 Networks will report full year earnings of ($0.24) per share for the current financial year, with EPS estimates ranging from ($0.31) to ($0.17). For the next financial year, analysts forecast that the firm will post earnings of ($0.17) per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover A10 Networks.

Several equities research analysts recently weighed in on the stock. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America Corporation cut their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday, July 14th. Finally, DA Davidson upped their target price on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.60.

Shares of A10 Networks (NYSE ATEN) traded down 2.05% during trading on Friday, reaching $6.70. 853,185 shares of the company traded hands. The company’s market capitalization is $395.50 million. The firm’s 50 day moving average price is $8.17 and its 200-day moving average price is $8.57. A10 Networks has a 52 week low of $6.35 and a 52 week high of $10.86.

In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total value of $40,650.00. Following the sale, the executive vice president now directly owns 189,662 shares of the company’s stock, valued at approximately $1,541,952.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $6.99, for a total transaction of $174,750.00. Following the completion of the sale, the chief executive officer now directly owns 10,586,538 shares in the company, valued at $73,999,900.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 312,702 shares of company stock worth $2,554,846. Insiders own 34.05% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of A10 Networks by 17.1% in the first quarter. Vanguard Group Inc. now owns 3,374,761 shares of the communications equipment provider’s stock worth $30,879,000 after buying an additional 493,877 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of A10 Networks by 2.6% in the first quarter. Renaissance Technologies LLC now owns 2,220,700 shares of the communications equipment provider’s stock worth $20,319,000 after buying an additional 56,300 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of A10 Networks by 5.3% in the first quarter. Penserra Capital Management LLC now owns 1,611,471 shares of the communications equipment provider’s stock worth $14,744,000 after buying an additional 81,292 shares in the last quarter. Divisar Capital Management LLC increased its stake in shares of A10 Networks by 27.2% in the first quarter. Divisar Capital Management LLC now owns 1,118,670 shares of the communications equipment provider’s stock worth $10,236,000 after buying an additional 239,118 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of A10 Networks by 26.2% in the first quarter. Acadian Asset Management LLC now owns 950,865 shares of the communications equipment provider’s stock worth $8,701,000 after buying an additional 197,699 shares in the last quarter. 57.69% of the stock is currently owned by institutional investors.

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About A10 Networks

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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