Media stories about A10 Networks (NYSE:ATEN) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. A10 Networks earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.2038757898603 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several research firms have commented on ATEN. Zacks Investment Research downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Friday, January 19th. DA Davidson set a $8.00 price objective on shares of A10 Networks and gave the company a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. A10 Networks has an average rating of “Hold” and an average price target of $8.33.
Shares of A10 Networks (NYSE:ATEN) traded up $0.08 during trading on Friday, hitting $6.35. 101,999 shares of the stock were exchanged, compared to its average volume of 679,967. A10 Networks has a 52-week low of $5.70 and a 52-week high of $9.75. The stock has a market capitalization of $447.15, a P/E ratio of -25.32 and a beta of 0.80.
A10 Networks announced that its Board of Directors has initiated a share repurchase program on Thursday, October 26th that permits the company to repurchase 20,000,000 outstanding shares. This repurchase authorization permits the communications equipment provider to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other A10 Networks news, EVP Robert D. Cochran sold 10,197 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $5.98, for a total transaction of $60,978.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Gunter Reiss sold 4,210 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $6.31, for a total transaction of $26,565.10. Following the transaction, the vice president now owns 130,719 shares in the company, valued at $824,836.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,407 shares of company stock worth $1,639,293. 31.57% of the stock is owned by company 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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