A10 Networks Inc (NYSE:ATEN) hit a new 52-week low during trading on Thursday . The stock traded as low as $5.61 and last traded at $5.69, with a volume of 16917 shares traded. The stock had previously closed at $5.65.
Separately, Zacks Investment Research lowered A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, September 10th.
A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Thursday, August 30th. The communications equipment provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The company had revenue of $60.71 million during the quarter, compared to analyst estimates of $54.00 million. A10 Networks had a negative return on equity of 22.44% and a negative net margin of 11.14%. On average, sell-side analysts expect that A10 Networks Inc will post -0.34 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new stake in shares of A10 Networks in the second quarter valued at about $145,000. Capital Fund Management S.A. acquired a new stake in shares of A10 Networks in the second quarter valued at about $149,000. New York State Common Retirement Fund grew its stake in shares of A10 Networks by 50.7% in the first quarter. New York State Common Retirement Fund now owns 78,804 shares of the communications equipment provider’s stock valued at $459,000 after buying an additional 26,504 shares in the last quarter. Swiss National Bank grew its stake in shares of A10 Networks by 13.2% in the first quarter. Swiss National Bank now owns 87,700 shares of the communications equipment provider’s stock valued at $510,000 after buying an additional 10,200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of A10 Networks by 14.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 228,690 shares of the communications equipment provider’s stock valued at $1,331,000 after buying an additional 28,768 shares in the last quarter. Institutional investors own 62.41% of the company’s stock.
A10 Networks Company Profile (NYSE:ATEN)
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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