A10 Networks (ATEN) Sets New 12-Month Low at $5.61

Shares of A10 Networks Inc (NYSE:ATEN) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.61 and last traded at $5.69, with a volume of 16917 shares changing hands. The stock had previously closed at $5.65.

Separately, Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research report on Monday, September 10th.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, August 30th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. A10 Networks had a negative return on equity of 22.44% and a negative net margin of 11.14%. The business had revenue of $60.71 million for the quarter, compared to the consensus estimate of $54.00 million. As a group, sell-side analysts expect that A10 Networks Inc will post -0.34 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in A10 Networks by 1.5% during the second quarter. BlackRock Inc. now owns 6,284,620 shares of the communications equipment provider’s stock worth $39,153,000 after buying an additional 92,296 shares during the period. Legal & General Group Plc lifted its position in A10 Networks by 78.2% during the second quarter. Legal & General Group Plc now owns 1,361,216 shares of the communications equipment provider’s stock worth $8,480,000 after buying an additional 597,179 shares during the period. Royce & Associates LP lifted its position in A10 Networks by 8.7% during the second quarter. Royce & Associates LP now owns 1,039,719 shares of the communications equipment provider’s stock worth $6,477,000 after buying an additional 83,000 shares during the period. Northern Trust Corp lifted its position in A10 Networks by 5.8% during the second quarter. Northern Trust Corp now owns 593,044 shares of the communications equipment provider’s stock worth $3,695,000 after buying an additional 32,409 shares during the period. Finally, Roumell Asset Management LLC lifted its position in A10 Networks by 14.4% during the second quarter. Roumell Asset Management LLC now owns 431,197 shares of the communications equipment provider’s stock worth $2,686,000 after buying an additional 54,160 shares during the period. Institutional investors and hedge funds own 62.41% of the company’s stock.

A10 Networks Company Profile (NYSE:ATEN)

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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