A10 Networks (ATEN) Receiving Somewhat Favorable Media Coverage, Accern Reports
News coverage about A10 Networks (NYSE:ATEN) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. A10 Networks earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.5302885347666 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- A10 Networks Inc’s (NYSE:ATEN) Insiders Recently Ramped Up Their Holdings – Should You? (finance.yahoo.com)
- Block & Leviton LLP Is Investigating A10 Networks (ATEN) For Vio – KSWO 7News | Breaking News, Weather and Sports (kswo.com)
- Block & Leviton LLP Is Investigating A10 Networks (ATEN) For Violations Of The Federal Securities Laws After Audit Committee Investigation Is Revealed And Encourages Shareholders To Contact The Firm (finance.yahoo.com)
- Glancy Prongay & Murray LLP Continues Investigation on Behalf of A10 Networks, Inc. Investors (ATEN) (finance.yahoo.com)
- IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against A10 Networks, Inc. (finance.yahoo.com)
A number of research analysts recently commented on the company. DA Davidson set a $8.00 price objective on A10 Networks and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Zacks Investment Research upgraded A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price objective for the company in a research note on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.33.
A10 Networks declared that its Board of Directors has approved a share buyback program on Thursday, October 26th that authorizes the company to buyback 20,000,000 shares. This buyback authorization authorizes the communications equipment provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $8.07, for a total transaction of $201,750.00. Following the completion of the transaction, the chief executive officer now directly owns 10,136,538 shares in the company, valued at approximately $81,801,861.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 250,000 shares of company stock valued at $1,936,000. 31.57% of the stock is owned by company insiders.
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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