A10 Networks, Inc. (NYSE:ATEN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.06-0.05) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $52.5-53.5, compared to the consensus revenue estimate of $62.79 million.

A10 Networks, Inc. (NYSE ATEN) traded down 1.33% during trading on Tuesday, reaching $6.70. The company’s stock had a trading volume of 438,582 shares. A10 Networks, Inc. has a 12-month low of $6.09 and a 12-month high of $10.87. The firm’s 50-day moving average price is $7.64 and its 200 day moving average price is $8.44. The company’s market capitalization is $395.50 million.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The business had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) EPS. On average, analysts predict that A10 Networks, Inc. will post ($0.08) earnings per share for the current fiscal year.

ATEN has been the topic of a number of recent research reports. Bank of America Corporation reduced their target price on A10 Networks from $10.00 to $8.50 and set a buy rating on the stock in a research note on Friday, July 14th. DA Davidson boosted their price target on A10 Networks to $9.00 and gave the company a buy rating in a report on Friday, July 14th. Zacks Investment Research upgraded A10 Networks from a hold rating to a buy rating and set a $9.00 price target for the company in a report on Friday, May 5th. KeyCorp downgraded A10 Networks from an overweight rating to a sector weight rating in a report on Friday, July 14th. Finally, ValuEngine downgraded A10 Networks from a hold rating to a sell rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. A10 Networks currently has a consensus rating of Hold and an average price target of $9.60.

In other news, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $8.13, for a total transaction of $40,650.00. Following the transaction, the executive vice president now owns 189,662 shares of the company’s stock, valued at $1,541,952.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Raymond J. Smets sold 6,890 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $8.16, for a total transaction of $56,222.40. Following the transaction, the executive vice president now directly owns 169,060 shares in the company, valued at approximately $1,379,529.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 312,702 shares of company stock valued at $2,476,596. 34.05% of the stock is currently owned by corporate insiders.

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A10 Networks Company Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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