Somewhat Positive Press Coverage Somewhat Unlikely to Affect A10 Networks (ATEN) Share Price
News coverage about A10 Networks (NYSE:ATEN) has trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. A10 Networks earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.4237390012199 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- A10 Networks, Inc. (ATEN) Upgraded at BidaskClub (americanbankingnews.com)
- Short-Term Trade Secrets – A10 Networks Inc (NYSE:ATEN) – Alpha Beta Stock (alphabetastock.com)
- A10 Networks, Inc. (ATEN) Stock Price traded -17.77% off from 200- SMA: Technical Analysis – Voice Of Analysts (analystsbuzz.com)
- A10 Networks (ATEN) Sees Q3 Profit vs Consensus for Loss of $0.05 – StreetInsider.com (streetinsider.com)
- Stocks seeking direction after unexciting macro data (proactiveinvestors.co.uk)
Shares of A10 Networks (NYSE:ATEN) traded up 13.68% on Friday, hitting $7.56. 1,711,949 shares of the stock traded hands. The firm’s market cap is $446.27 million. The firm has a 50 day moving average price of $6.53 and a 200 day moving average price of $7.92. A10 Networks has a 52-week low of $6.02 and a 52-week high of $10.87.
A10 Networks (NYSE:ATEN) last released its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 20.33% and a negative net margin of 8.00%. The company had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. A10 Networks’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that A10 Networks will post ($0.08) EPS for the current year.
Several brokerages have recently issued reports on ATEN. Bank of America Corporation cut their target price on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Friday, July 14th. DA Davidson raised their target price on shares of A10 Networks to $9.00 and gave the stock a “buy” rating in a report on Friday, July 14th. KeyCorp cut shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. BidaskClub upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Zacks Investment Research cut shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.60.
In other A10 Networks news, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total value of $40,650.00. Following the transaction, the executive vice president now owns 189,662 shares of the company’s stock, valued at approximately $1,541,952.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $8.02, for a total value of $200,500.00. Following the completion of the transaction, the chief executive officer now directly owns 10,611,538 shares in the company, valued at approximately $85,104,534.76. The disclosure for this sale can be found here. Insiders have sold a total of 366,311 shares of company stock worth $2,481,299 in the last 90 days. 34.05% of the stock is currently owned by insiders.
About A10 Networks
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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