A10 Networks: Key 5G Infrastructure Stock that's Beating the Market
Separately, BWS Financial restated a "buy" rating and issued a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th.
View Our Latest Stock Report on A10 Networks
ATEN traded up $0.16 during midday trading on Friday, hitting $14.31. 283,340 shares of the company were exchanged, compared to its average volume of 757,006. The company's 50 day simple moving average is $13.45 and its 200 day simple moving average is $13.87. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 23.46 and a beta of 1.11. A10 Networks has a 1-year low of $10.55 and a 1-year high of $16.46.
A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The business had revenue of $60.10 million during the quarter, compared to analysts' expectations of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, equities analysts anticipate that A10 Networks will post 0.65 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new position in A10 Networks during the 2nd quarter valued at about $29,000. Quarry LP bought a new position in shares of A10 Networks during the 2nd quarter valued at $47,000. nVerses Capital LLC acquired a new stake in A10 Networks in the 2nd quarter worth approximately $105,000. Meeder Asset Management Inc. bought a new stake in A10 Networks during the second quarter valued at about $137,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of A10 Networks in the second quarter valued at approximately $148,000. Institutional investors own 98.61% of the company's stock.
A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.
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