A10 Networks (ATEN) Receiving Somewhat Positive Media Coverage, Analysis Finds

Press coverage about A10 Networks (NYSE:ATEN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. A10 Networks earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.3485218586671 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

ATEN has been the subject of a number of analyst reports. Zacks Investment Research downgraded A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. BidaskClub raised A10 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $9.13.

Shares of A10 Networks (NYSE ATEN) opened at $7.53 on Friday. The company has a market capitalization of $532.76, a P/E ratio of -31.38 and a beta of 1.14. A10 Networks has a twelve month low of $6.02 and a twelve month high of $9.94.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative return on equity of 17.63% and a negative net margin of 6.94%. The firm had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $59.46 million. A10 Networks’s revenue was up 11.4% compared to the same quarter last year. equities analysts expect that A10 Networks will post -0.21 EPS for the current fiscal year.

A10 Networks declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that allows the company to repurchase 20,000,000 shares. This repurchase authorization allows the communications equipment provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other A10 Networks news, VP Gunter Reiss sold 6,213 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $7.41, for a total value of $46,038.33. Following the completion of the transaction, the vice president now owns 103,429 shares in the company, valued at approximately $766,408.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $7.53, for a total value of $188,250.00. Following the completion of the transaction, the chief executive officer now owns 10,236,538 shares of the company’s stock, valued at approximately $77,081,131.14. The disclosure for this sale can be found here. Insiders sold a total of 378,803 shares of company stock valued at $2,891,349 in the last 90 days. Corporate insiders own 31.57% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for A10 Networks (NYSE:ATEN)

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