A10 Networks Inc (NYSE:ATEN) traded up 7.3% during trading on Wednesday . The company traded as high as $7.49 and last traded at $7.49, 371,148 shares changed hands during trading. A decline of 12% from the average session volume of 419,714 shares. The stock had previously closed at $6.98.
A number of research analysts have recently commented on the company. Zacks Investment Research raised A10 Networks from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, August 7th. ValuEngine raised A10 Networks from a “hold” rating to a “buy” rating in a report on Thursday.
The firm has a market cap of $534.35 million, a price-to-earnings ratio of -35.18 and a beta of 0.70. The stock has a fifty day moving average price of $7.11 and a 200 day moving average price of $6.86.
A10 Networks (NYSE:ATEN) last announced its earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). A10 Networks had a negative net margin of 9.67% and a negative return on equity of 16.48%. The business had revenue of $49.20 million for the quarter, compared to the consensus estimate of $53.06 million. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, analysts forecast that A10 Networks Inc will post -0.22 earnings per share for the current fiscal year.
In related news, CFO Thomas Constantino sold 15,492 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $6.98, for a total transaction of $108,134.16. Following the completion of the sale, the chief financial officer now owns 210,816 shares in the company, valued at approximately $1,471,495.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 28.87% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in ATEN. Quantamental Technologies LLC boosted its stake in A10 Networks by 2,000.0% during the 2nd quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock valued at $34,000 after purchasing an additional 4,700 shares during the period. Aperio Group LLC bought a new stake in A10 Networks during the 2nd quarter valued at approximately $46,000. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in A10 Networks by 102.9% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 4,282 shares during the period. BNP Paribas Arbitrage SA boosted its stake in A10 Networks by 27,032.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock valued at $77,000 after purchasing an additional 10,813 shares during the period. Finally, SG Americas Securities LLC bought a new stake in A10 Networks during the 1st quarter valued at approximately $83,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.
A10 Networks Company Profile (NYSE:ATEN)
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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