Shares of A10 Networks Inc (NYSE:ATEN) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.33.
A number of equities analysts have issued reports on the company. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Zacks Investment Research cut A10 Networks from a “buy” rating to a “hold” rating in a report on Monday.
In other A10 Networks news, EVP Raymond J. Smets sold 6,945 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $7.67, for a total value of $53,268.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $7.71, for a total value of $192,750.00. The disclosure for this sale can be found here. Insiders sold a total of 385,748 shares of company stock worth $2,946,617 in the last quarter. Corporate insiders own 31.57% of the company’s stock.
A10 Networks (NYSE:ATEN) opened at $7.74 on Friday. A10 Networks has a fifty-two week low of $6.02 and a fifty-two week high of $9.94. The company has a market capitalization of $546.20, a price-to-earnings ratio of -30.96 and a beta of 1.14.
A10 Networks (NYSE:ATEN) last issued its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The business had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $59.46 million. The business’s revenue was up 11.4% on a year-over-year basis. equities research analysts anticipate that A10 Networks will post -0.21 earnings per share for the current year.
A10 Networks announced that its board has approved a share repurchase plan on Thursday, October 26th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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A10 Networks Company Profile
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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