A10 Networks (NYSE:ATEN) is scheduled to release its earnings data after the market closes on Monday, April 9th. Analysts expect A10 Networks to post earnings of $0.03 per share for the quarter.
NYSE:ATEN opened at $5.87 on Friday. A10 Networks has a one year low of $5.63 and a one year high of $9.75. The firm has a market capitalization of $425.92, a price-to-earnings ratio of -19.57 and a beta of 0.75.
In related news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $7.54, for a total value of $188,500.00. Following the transaction, the chief executive officer now directly owns 9,961,538 shares in the company, valued at $75,109,996.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gunter Reiss sold 4,210 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $6.31, for a total transaction of $26,565.10. Following the completion of the transaction, the vice president now owns 130,719 shares in the company, valued at $824,836.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,407 shares of company stock worth $276,043. Corporate insiders own 31.57% of the company’s stock.
Several research firms have commented on ATEN. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. DA Davidson downgraded shares of A10 Networks from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.00 to $7.00 in a report on Monday, March 19th. Dougherty & Co downgraded shares of A10 Networks from a “buy” rating to a “neutral” rating in a report on Friday, March 23rd. Finally, ValuEngine downgraded shares of A10 Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $8.00.
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A10 Networks Company Profile
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, and internationally. The company's products are built on advanced core operating system platform. It offers application delivery controllers that provide advanced server load balancing; lightning application delivery service, a cloud-native software-as-a-service platform designed to boost the delivery and security of applications and micro services; and carrier grade networking address translation product that offer network address and protocol translation services for service provider networks.
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