A10 Networks (NYSE:ATEN) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks (NYSE:ATEN - Get Free Report) in a report released on Friday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $22.00 price target on the communications equipment provider's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 15.53% from the stock's current price.

A number of other research analysts have also recently commented on ATEN. Wall Street Zen cut A10 Networks from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. BWS Financial reiterated a "buy" rating and issued a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Raymond James Financial assumed coverage on A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, June 14th. Finally, Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.00.

A10 Networks Price Performance

A10 Networks stock opened at $19.04 on Friday. The business has a 50-day simple moving average of $17.34 and a 200 day simple moving average of $18.14. A10 Networks has a 52 week low of $12.27 and a 52 week high of $21.90. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 28.42 and a beta of 1.38. The company has a quick ratio of 3.87, a current ratio of 4.05 and a debt-to-equity ratio of 1.11.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. A10 Networks had a net margin of 18.70% and a return on equity of 24.23%. The company had revenue of $66.14 million for the quarter, compared to analysts' expectations of $63.63 million. During the same period in the prior year, the business earned $0.17 earnings per share. A10 Networks's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, research analysts forecast that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Insider Activity at A10 Networks

In related news, General Counsel Robert Scott Weber sold 2,500 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the sale, the general counsel now directly owns 61,007 shares in the company, valued at $1,052,980.82. This represents a 3.94% decrease in their position. The transaction 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.

Hedge Funds Weigh In On A10 Networks

Hedge funds have recently modified their holdings of the company. Vestcor Inc bought a new stake in shares of A10 Networks in the first quarter worth about $44,000. Sunbelt Securities Inc. purchased a new stake in A10 Networks in the 4th quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of A10 Networks in the 1st quarter worth approximately $55,000. CWM LLC increased its stake 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 buying an additional 1,454 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of A10 Networks during the fourth quarter valued at approximately $161,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

A10 Networks Company Profile

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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