According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “
Separately, ValuEngine lowered shares of A10 Networks from a buy rating to a hold rating in a research report on Monday, April 15th.
ATEN stock traded down $0.09 on Thursday, hitting $6.35. 14,430 shares of the company were exchanged, compared to its average volume of 443,169. A10 Networks has a twelve month low of $5.51 and a twelve month high of $7.46. The firm has a market capitalization of $478.01 million, a price-to-earnings ratio of -28.86 and a beta of 0.67.
A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, April 25th. The communications equipment provider reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. The company had revenue of $50.30 million for the quarter, compared to analyst estimates of $51.66 million. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that A10 Networks will post -0.3 earnings per share for the current fiscal year.
In other news, VP Gunter Reiss sold 4,209 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $6.68, for a total value of $28,116.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 15,096 shares of company stock valued at $98,681 in the last three months. Company insiders own 28.87% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of A10 Networks in the fourth quarter valued at $25,000. Meeder Asset Management Inc. boosted its stake in shares of A10 Networks by 69.8% in the first quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,751 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of A10 Networks by 123.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the communications equipment provider’s stock valued at $36,000 after purchasing an additional 3,173 shares during the period. American Century Companies Inc. purchased a new position in shares of A10 Networks in the fourth quarter valued at $73,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of A10 Networks by 27,032.5% in the first quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock valued at $77,000 after purchasing an additional 10,813 shares during the period. 63.84% 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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