Headlines about A10 Networks (NYSE:ATEN) have been trending somewhat negative this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. A10 Networks earned a daily sentiment score of -0.02 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 42.1862189617722 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
Shares of ATEN stock traded up $0.03 on Thursday, hitting $6.13. 196,974 shares of the stock were exchanged, compared to its average volume of 556,151. The stock has a market capitalization of $430.17, a P/E ratio of -20.47 and a beta of 0.75. A10 Networks has a fifty-two week low of $5.63 and a fifty-two week high of $9.75.
Several research analysts have recently weighed in on ATEN shares. Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. DA Davidson cut A10 Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $8.00 to $7.00 in a research report on Monday, March 19th. Dougherty & Co cut A10 Networks from a “buy” rating to a “neutral” rating in a research report on Friday, March 23rd. Finally, ValuEngine cut A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. One investment 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 a consensus target price of $8.00.
In related news, EVP Robert D. Cochran sold 10,197 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $5.98, for a total transaction of $60,978.06. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $6.31, for a total value of $26,565.10. Following the sale, the vice president now owns 130,719 shares in the company, valued at approximately $824,836.89. The disclosure for this sale can be found here. Corporate insiders own 31.57% of the company’s stock.
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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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