A10 Networks (NYSE:ATEN) Stock Price Target Cut by Mizuho

Key Points

• Mizuho cut A10 Networks’ price target from $34 to $30 while maintaining a “neutral” rating, implying roughly 17% upside from the stock’s $25.59 price.
• Analyst sentiment remains cautious: A10 has an overall “Hold” rating, with two Buy ratings and five Holds, and an average price target of $30.38.
• A10 reported quarterly revenue of $80.14 million and EPS of $0.25, both slightly ahead of expectations, while revenue rose 15.5% year over year. Institutional investors own 98.61% of the company, while recent insider activity consisted of stock sales.

A10 Networks (NYSE:ATEN - Get Free Report) had its target price reduced by analysts at Mizuho from $34.00 to $30.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the communications equipment provider's stock. Mizuho's target price would indicate a potential upside of 17.23% from the stock's current price.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of A10 Networks in a research note on Monday, August 31st. They issued a "hold" rating and a $28.00 price objective on the stock. Wall Street Zen downgraded A10 Networks from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. Zacks Research lowered A10 Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. BWS Financial reissued a "buy" rating and set a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Finally, BTIG Research reissued a "buy" rating and set a $37.00 price target on shares of A10 Networks in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.38.

A10 Networks Stock Performance

Shares of NYSE ATEN traded down $1.46 during mid-day trading on Thursday, reaching $25.59. The company had a trading volume of 460,591 shares, compared to its average volume of 1,103,790. A10 Networks has a one year low of $16.52 and a one year high of $38.49. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 42.72 and a beta of 1.13. The business's 50-day simple moving average is $26.48 and its 200 day simple moving average is $29.06.

A10 Networks (NYSE:ATEN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business had revenue of $80.14 million during the quarter, compared to analysts' expectations of $77.28 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. A10 Networks's revenue was up 15.5% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, sell-side analysts anticipate that A10 Networks will post 0.81 EPS for the current year.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the transaction, the general counsel owned 50,586 shares of the company's stock, valued at $1,409,325.96. This represents a 21.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of A10 Networks stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total value of $68,023.80. Following the sale, the director directly owned 57,409 shares in the company, valued at $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATEN. Transamerica Financial Advisors LLC bought a new position in A10 Networks during the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of A10 Networks in the 2nd quarter worth approximately $27,000. SBI Securities Co. Ltd. lifted its position in shares of A10 Networks by 83.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider's stock worth $44,000 after purchasing an additional 531 shares during the period. State of Wyoming bought a new stake in shares of A10 Networks in the 2nd quarter valued at $57,000. Finally, Signaturefd LLC boosted its stake in shares of A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider's stock valued at $81,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 98.61% of the company's stock.

About A10 Networks

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company's portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.

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