A10 Networks' (ATEN) "Buy" Rating Reiterated at BWS Financial

A10 Networks (NYSE:ATEN - Get Free Report)'s stock had its "buy" rating restated by investment analysts at BWS Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $24.00 price objective on the communications equipment provider's stock. BWS Financial's target price points to a potential upside of 42.96% from the company's previous close.

Several other brokerages have also recently issued reports on ATEN. StockNews.com raised A10 Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 price target for the company in a report on Friday, May 2nd. Raymond James initiated coverage on shares of A10 Networks in a report on Wednesday, April 23rd. They set a "market perform" rating on the stock. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday, April 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, A10 Networks presently has a consensus rating of "Moderate Buy" and an average price target of $22.00.

A10 Networks Stock Down 1.5 %

ATEN traded down $0.26 on Friday, hitting $16.79. The company had a trading volume of 515,072 shares, compared to its average volume of 863,693. The business's fifty day simple moving average is $17.01 and its 200 day simple moving average is $17.74. The company has a market cap of $1.24 billion, a PE ratio of 25.07 and a beta of 1.37. A10 Networks has a 12-month low of $12.27 and a 12-month high of $21.90.

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

Hedge Funds Weigh In On A10 Networks

Several institutional investors and hedge funds have recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of A10 Networks by 3,389.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,059 shares of the communications equipment provider's stock valued at $38,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its position in A10 Networks by 43.5% in the 4th quarter. GAMMA Investing LLC now owns 2,456 shares of the communications equipment provider's stock valued at $45,000 after acquiring an additional 744 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of A10 Networks during the fourth quarter worth about $50,000. CWM LLC grew its holdings in shares of A10 Networks by 45.6% in 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 in the last quarter. Finally, KBC Group NV increased its stake in A10 Networks by 79.1% during the 4th quarter. KBC Group NV now owns 5,096 shares of the communications equipment provider's stock worth $94,000 after buying an additional 2,251 shares during the period. 98.61% of the stock is currently owned by institutional investors and hedge funds.

About A10 Networks

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.