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A10 Networks' (ATEN) Hold (C+) Rating Reiterated at Weiss Ratings

A10 Networks logo with Computer and Technology background

Key Points

  • A10 Networks' stock received a "hold (C+)" rating from Weiss Ratings, while Deutsche Bank has a "buy" rating with a price target of $22.00.
  • The company's latest earnings report showed a quarterly EPS of $0.21, exceeding estimates and marking a 15.5% year-over-year revenue increase.
  • Insider trading activity noted that CFO Brian Becker sold 6,400 shares at an average price of $18.03, reducing his stake in the company by 7.62%.
  • MarketBeat previews top five stocks to own in November.

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

ATEN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft started coverage on A10 Networks in a research note on Friday, June 27th. They set a "buy" rating and a $22.00 price objective for the company. Mizuho assumed coverage on A10 Networks in a research note on Monday, July 14th. They set a "neutral" rating for the company. BTIG Research upgraded A10 Networks from a "neutral" rating to a "buy" rating and set a $22.00 price target for the company in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded A10 Networks from a "hold" rating to a "buy" rating in a research report on Sunday, August 10th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.00.

Read Our Latest Stock Report on ATEN

A10 Networks Stock Performance

ATEN traded up $0.39 during trading on Wednesday, reaching $18.51. 110,748 shares of the company were exchanged, compared to its average volume of 909,668. The stock has a market cap of $1.34 billion, a P/E ratio of 27.21 and a beta of 1.27. The firm has a 50 day moving average of $17.79 and a 200 day moving average of $17.58. The company has a current ratio of 4.23, a quick ratio of 4.04 and a debt-to-equity ratio of 1.07. A10 Networks has a 52 week low of $13.81 and a 52 week high of $21.90.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $69.38 million during the quarter, compared to the consensus estimate of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The firm's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. On average, sell-side analysts forecast that A10 Networks will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at A10 Networks

In other news, CFO Brian Becker sold 6,400 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $18.03, for a total value of $115,392.00. Following the completion of the sale, the chief financial officer owned 77,599 shares in the company, valued at $1,399,109.97. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.15% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On A10 Networks

Several hedge funds have recently modified their holdings of the stock. Vestcor Inc purchased a new stake in shares of A10 Networks during the first quarter valued at $44,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of A10 Networks during the first quarter valued at $55,000. CWM LLC lifted its holdings in shares of A10 Networks by 45.6% during the first quarter. CWM LLC now owns 4,644 shares of the communications equipment provider's stock valued at $76,000 after purchasing an additional 1,454 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of A10 Networks by 120.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 3,225 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of A10 Networks during the first quarter valued at $188,000. 98.61% of the stock is owned by hedge funds and other institutional investors.

About A10 Networks

(Get Free Report)

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.

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Analyst Recommendations for A10 Networks (NYSE:ATEN)

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