A10 Networks (NYSE:ATEN) Cut to Hold at Zacks Research

A10 Networks (NYSE:ATEN) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Wall Street Zen downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Loop Capital set a $25.00 price target on A10 Networks in a report on Monday, March 9th. DNB Markets set a $9.00 price objective on A10 Networks in a research note on Monday, March 9th. Piper Sandler set a $45.00 price objective on A10 Networks in a research note on Tuesday, June 16th. Finally, Sidoti restated a “neutral” rating and set a $24.00 price objective on shares of A10 Networks in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, A10 Networks presently has an average rating of “Hold” and a consensus target price of $30.71.

A10 Networks Stock Up 3.0%

A10 Networks stock opened at $37.41 on Monday. The company has a market capitalization of $2.69 billion, a PE ratio of 60.33 and a beta of 1.20. A10 Networks has a 12-month low of $16.52 and a 12-month high of $37.67. The firm’s fifty day moving average is $30.20 and its 200 day moving average is $23.61. The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $72.61 million. During the same period last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, sell-side analysts predict that A10 Networks will post 0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eric Singer sold 24,698 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the transaction, the director owned 68,806 shares of the company’s stock, valued at approximately $1,872,211.26. This trade represents a 26.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ATEN. Aster Capital Management DIFC Ltd bought a new stake in A10 Networks during the fourth quarter worth $26,000. Farther Finance Advisors LLC grew its stake in shares of A10 Networks by 92.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of A10 Networks by 4,621.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of A10 Networks by 2,829.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of A10 Networks in the fourth quarter valued at about $77,000. Institutional investors own 98.61% of the company’s stock.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.