Somewhat Positive News Coverage Somewhat Unlikely to Affect A10 Networks (ATEN) Share Price
Media coverage about A10 Networks (NYSE:ATEN) has trended somewhat positive on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. A10 Networks earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 46.3735804870063 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- A10 Networks Inc (ATEN) A Look Inside the Technicals – Stock Press Daily (stockpressdaily.com)
- Stock Overview: Technical Check on A10 Networks Inc (ATEN) – Berry Recorder (berryrecorder.com)
- A10 Networks Inc (ATEN) Sees Schaff Trend Cycle Trend Upward Near-Term – Evergreen Caller (evergreencaller.com)
- Clues to Identify Price Direction: Philip Morris International Inc. (PM), A10 Networks, Inc. (ATEN) – AllStockNews (allstocknews.com)
- A10 Networks, Inc. (NYSE:ATEN) Experiences Heavier than Usual … – Highlight Press (highlightpress.com)
Several brokerages have recently weighed in on ATEN. BidaskClub downgraded A10 Networks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine downgraded A10 Networks from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Bank of America Corporation reduced their target price on A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research note on Friday, July 14th. KeyCorp downgraded A10 Networks from an “overweight” rating to a “sector weight” rating in a research note on Friday, July 14th. Finally, Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. A10 Networks presently has a consensus rating of “Hold” and a consensus price target of $9.60.
Shares of A10 Networks (NYSE:ATEN) traded down 0.15% during mid-day trading on Monday, reaching $6.79. The company’s stock had a trading volume of 302,829 shares. A10 Networks has a 1-year low of $6.09 and a 1-year high of $10.86. The firm’s market capitalization is $400.81 million. The company’s 50-day moving average is $7.78 and its 200 day moving average is $8.47.
A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. The company had revenue of $53.69 million during the quarter, compared to analysts’ expectations of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) earnings per share. On average, analysts expect that A10 Networks will post ($0.08) earnings per share for the current year.
In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was 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 in the company, valued at $1,541,952.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $6.81, for a total value of $170,250.00. Following the transaction, the chief executive officer now owns 10,536,538 shares in the company, valued at approximately $71,753,823.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 337,702 shares of company stock valued at $2,681,346. 34.05% of the stock is owned by company insiders.
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About A10 Networks
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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