News coverage about A10 Networks (NYSE:ATEN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. A10 Networks earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.64803451385 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Shares of A10 Networks (NYSE:ATEN) traded down $0.27 on Wednesday, hitting $7.31. 473,600 shares of the stock were exchanged, compared to its average volume of 319,530. The stock has a market capitalization of $517.19, a price-to-earnings ratio of -30.46 and a beta of 1.14. A10 Networks has a 12-month low of $6.02 and a 12-month high of $9.94.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.46 million. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts anticipate that A10 Networks will post -0.21 earnings per share for the current fiscal year.

A10 Networks announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the communications equipment provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

ATEN has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Monday, January 1st. BidaskClub raised shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday, September 30th. Finally, DA Davidson set a $8.00 price objective on shares of A10 Networks and gave the company a “buy” rating in a report on Wednesday. One analyst has 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. The stock presently has an average rating of “Hold” and an average target price of $8.88.

In related news, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $7.53, for a total transaction of $188,250.00. Following the completion of the transaction, the chief executive officer now directly owns 10,236,538 shares in the company, valued at $77,081,131.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gunter Reiss sold 6,213 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $7.41, for a total transaction of $46,038.33. Following the transaction, the vice president now owns 103,429 shares of the company’s stock, valued at $766,408.89. The disclosure for this sale can be found here. Insiders have sold 378,803 shares of company stock worth $2,891,349 over the last three months. Corporate insiders own 31.57% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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