News stories about A10 Networks (NYSE:ATEN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing 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 news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 46.3553479995196 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- A10 Networks, Inc. (NYSE:ATEN) Short Interest decreased by -5.35% – Shares Trading Down – First News 24 (firstnewspaper24.com)
- A10 Networks Strengthens Industry’s Most Powerful DDoS Protection Solution with Intelligent Automation and Highly Scalable Flow-Based Detection (finance.yahoo.com)
- Stock is Neither BUy nor sell: A10 Networks, Inc. (ATEN) | Street … – Street Observer (press release) (streetobserver.com)
- Benefitfocus (BNFT) & A10 Networks (ATEN) Head-To-Head Contrast (americanbankingnews.com)
- Interesting ATEN Put And Call Options For May 2018 (stockoptionschannel.com)
Shares of A10 Networks (ATEN) traded down 0.26% on Thursday, hitting $7.61. 282,478 shares of the company traded hands. The firm’s 50-day moving average is $6.83 and its 200 day moving average is $7.70. A10 Networks has a 1-year low of $6.02 and a 1-year high of $10.06. The firm’s market capitalization is $449.22 million.
A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.06. The firm had revenue of $53.69 million during the quarter, compared to the consensus estimate of $52.99 million. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. On average, analysts anticipate that A10 Networks will post ($0.04) earnings per share for the current fiscal year.
Several research analysts have commented on the stock. BidaskClub upgraded shares of A10 Networks from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Bank of America Corporation decreased their price objective on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a report on Friday, July 14th. DA Davidson upped their price objective on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a report on Friday, July 14th. KeyCorp lowered shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, ValuEngine lowered shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. A10 Networks has an average rating of “Hold” and an average price target of $9.75.
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In related news, CEO Lee Chen sold 25,000 shares of A10 Networks stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $6.35, for a total value of $158,750.00. Following the completion of the sale, the chief executive officer now directly owns 10,561,538 shares in the company, valued at $67,065,766.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Neil Wu Becker sold 5,155 shares of A10 Networks stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $6.74, for a total value of $34,744.70. Following the completion of the sale, the vice president now owns 118,946 shares of the company’s stock, valued at $801,696.04. The disclosure for this sale can be found here. Insiders sold 358,201 shares of company stock valued at $2,397,530 over the last 90 days. 34.05% of the stock is currently owned by corporate 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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