Press coverage about A10 Networks (NYSE:ATEN) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing 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 nearest to one being the most favorable. A10 Networks earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 45.3485218586671 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of A10 Networks (NYSE ATEN) traded up $0.03 on Thursday, reaching $7.68. 188,800 shares of the company’s stock were exchanged, compared to its average volume of 486,745. A10 Networks has a 1 year low of $6.02 and a 1 year high of $9.94. The company has a market capitalization of $538.42, a price-to-earnings ratio of -32.00 and a beta of 1.14.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. A10 Networks had a negative net margin of 4.32% and a negative return on equity of 11.88%. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.46 million. The company’s revenue was up 11.4% on a year-over-year basis. analysts forecast that A10 Networks will post -0.21 earnings per share for the current fiscal year.

A10 Networks announced that its board has initiated a share buyback plan on Thursday, October 26th that allows the company to repurchase 20,000,000 outstanding shares. This repurchase authorization allows the communications equipment provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Zacks Investment Research raised shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.13.

In other news, EVP Robert D. Cochran sold 8,000 shares of A10 Networks stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $7.63, for a total value of $61,040.00. Following the sale, the executive vice president now directly owns 165,662 shares in the company, valued at $1,264,001.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $7.73, for a total transaction of $193,250.00. The disclosure for this sale can be found here. Insiders sold 357,638 shares of company stock worth $2,725,749 over the last quarter. 31.57% of the stock is 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.

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

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