A10 Networks (NYSE:ATEN) Stock Rating Upgraded by ValuEngine

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ValuEngine upgraded shares of A10 Networks (NYSE:ATEN) from a sell rating to a hold rating in a research note published on Wednesday, October 30th, ValuEngine reports.

Separately, Zacks Investment Research cut shares of A10 Networks from a buy rating to a hold rating in a report on Monday, October 28th.

NYSE:ATEN traded down $0.07 during mid-day trading on Wednesday, reaching $7.26. The stock had a trading volume of 177,514 shares, compared to its average volume of 402,053. The firm has a market capitalization of $546.95 million, a price-to-earnings ratio of -33.00 and a beta of 0.76. A10 Networks has a twelve month low of $5.72 and a twelve month high of $8.29. The business has a 50 day simple moving average of $6.79 and a 200 day simple moving average of $6.82.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, October 29th. The communications equipment provider reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. A10 Networks had a negative net margin of 9.10% and a negative return on equity of 18.06%. The firm had revenue of $52.83 million during the quarter. On average, equities research analysts forecast that A10 Networks will post -0.22 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC increased its stake in shares of A10 Networks by 2,000.0% during the 2nd quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 4,700 shares in the last quarter. Aperio Group LLC purchased a new position in shares of A10 Networks during the 2nd quarter worth approximately $46,000. Prudential Financial Inc. increased its stake in shares of A10 Networks by 25.6% during the 2nd quarter. Prudential Financial Inc. now owns 23,436 shares of the communications equipment provider’s stock worth $160,000 after purchasing an additional 4,780 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of A10 Networks during the 2nd quarter worth approximately $174,000. Finally, Chicago Equity Partners LLC purchased a new position in shares of A10 Networks during the 3rd quarter worth approximately $300,000. 68.41% of the stock is owned by institutional investors.

A10 Networks Company Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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