A10 Networks (NYSE:ATEN) Upgraded to Buy at Craig Hallum

A10 Networks (NYSE:ATEN - Get Free Report) was upgraded by analysts at Craig Hallum from a "hold" rating to a "buy" rating in a report issued on Friday, Marketbeat Ratings reports. The firm presently has a $20.00 price objective on the communications equipment provider's stock. Craig Hallum's price target suggests a potential upside of 19.26% from the stock's previous close.

ATEN has been the topic of several other reports. Weiss Ratings reissued a "buy (b-)" rating on shares of A10 Networks in a report on Saturday, April 26th. BWS Financial reaffirmed a "buy" rating and issued a $24.00 target price on shares of A10 Networks in a research note on Wednesday, February 5th. Raymond James started coverage on shares of A10 Networks in a research note on Wednesday, April 23rd. They issued a "market perform" rating on the stock. Finally, StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

A10 Networks Stock Down 1.6 %

ATEN traded down $0.28 during trading on Friday, reaching $16.77. 515,072 shares of the company's stock were exchanged, compared to its average volume of 863,693. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $21.90. The company has a market capitalization of $1.24 billion, a P/E ratio of 25.07 and a beta of 1.37. The business has a 50 day moving average price of $17.01 and a 200 day moving average price of $17.74.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. As a group, research analysts forecast that A10 Networks will post 0.69 EPS for the current year.

Institutional Trading of A10 Networks

Several large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in A10 Networks by 234.1% during the third quarter. Barclays PLC now owns 152,238 shares of the communications equipment provider's stock worth $2,198,000 after purchasing an additional 106,672 shares during the last quarter. Franklin Resources Inc. lifted its holdings in A10 Networks by 3.6% in the third quarter. Franklin Resources Inc. now owns 63,664 shares of the communications equipment provider's stock valued at $937,000 after buying an additional 2,187 shares during the period. JPMorgan Chase & Co. increased its stake in A10 Networks by 59.0% in the third quarter. JPMorgan Chase & Co. now owns 324,195 shares of the communications equipment provider's stock valued at $4,681,000 after purchasing an additional 120,342 shares in the last quarter. GAMMA Investing LLC increased its stake in A10 Networks by 43.5% during the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after purchasing an additional 744 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of A10 Networks by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 816,165 shares of the communications equipment provider's stock valued at $15,017,000 after purchasing an additional 20,537 shares during the last quarter. Institutional investors and hedge funds 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.