A10 Networks, Inc. (NYSE:ATEN) VP Neil Wu Becker sold 5,156 shares of A10 Networks stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.50, for a total transaction of $33,514.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A10 Networks, Inc. (NYSE:ATEN) opened at 6.31 on Monday. The firm’s market capitalization is $372.48 million. The firm has a 50-day moving average of $7.38 and a 200-day moving average of $8.38. A10 Networks, Inc. has a 52-week low of $6.09 and a 52-week high of $10.86.
A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The firm had revenue of $53.69 million for the quarter, compared to analysts’ expectations of $52.99 million. During the same period in the previous year, the company posted ($0.02) EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that A10 Networks, Inc. will post ($0.08) EPS for the current fiscal year.
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A number of equities analysts have commented on the stock. BidaskClub lowered shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Bank of America Corporation reduced their price target on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research report on Friday, July 14th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. A10 Networks currently has a consensus rating of “Hold” and a consensus price target of $9.60.
A number of institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC boosted its position in A10 Networks by 1.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 146 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of A10 Networks during the first quarter worth about $103,000. Airain ltd bought a new stake in shares of A10 Networks during the first quarter worth about $112,000. KCG Holdings Inc. bought a new stake in shares of A10 Networks during the first quarter worth about $115,000. Finally, US Bancorp DE raised its stake in shares of A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock worth $146,000 after buying an additional 13,719 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.
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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