Dougherty & Co Comments on A10 Networks’ Q1 2018 Earnings (ATEN)

A10 Networks (NYSE:ATEN) – Equities research analysts at Dougherty & Co issued their Q1 2018 earnings per share (EPS) estimates for A10 Networks in a report issued on Tuesday, April 3rd, Zacks Investment Research reports. Dougherty & Co analyst C. Trebnick forecasts that the communications equipment provider will post earnings of ($0.07) per share for the quarter. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for A10 Networks’ FY2018 earnings at ($0.18) EPS.

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ATEN has been the topic of several other research reports. ValuEngine cut A10 Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, DA Davidson cut A10 Networks from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $8.00 to $7.00 in a report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. A10 Networks has an average rating of “Hold” and an average price target of $8.00.



Shares of ATEN stock remained flat at $$6.35 during mid-day trading on Friday. The stock had a trading volume of 703,332 shares, compared to its average volume of 543,902. A10 Networks has a 1-year low of $5.63 and a 1-year high of $9.75. The firm has a market capitalization of $449.27, a PE ratio of -21.17 and a beta of 0.75.

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of A10 Networks during the fourth quarter worth about $107,000. Teacher Retirement System of Texas acquired a new position in shares of A10 Networks during the fourth quarter worth about $133,000. Acadian Asset Management LLC acquired a new position in shares of A10 Networks during the fourth quarter worth about $147,000. MetLife Investment Advisors LLC acquired a new position in shares of A10 Networks during the fourth quarter worth about $168,000. Finally, Trexquant Investment LP lifted its stake in shares of A10 Networks by 112.0% during the third quarter. Trexquant Investment LP now owns 37,739 shares of the communications equipment provider’s stock worth $285,000 after purchasing an additional 19,939 shares in the last quarter. Institutional investors own 62.19% of the company’s stock.

In related news, EVP Robert D. Cochran sold 10,197 shares of A10 Networks stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $5.98, for a total value of $60,978.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gunter Reiss sold 4,210 shares of A10 Networks stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $6.31, for a total value of $26,565.10. Following the completion of the transaction, the vice president now owns 130,719 shares in the company, valued at approximately $824,836.89. The disclosure for this sale can be found here. 31.57% of the stock is currently owned by company insiders.

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About A10 Networks

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, and internationally. The company's products are built on advanced core operating system platform. It offers application delivery controllers that provide advanced server load balancing; lightning application delivery service, a cloud-native software-as-a-service platform designed to boost the delivery and security of applications and micro services; and carrier grade networking address translation product that offer network address and protocol translation services for service provider networks.

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One Response

  1. James White says:

    ($0.18) EPS at 7.54 average price per share, this is 42 PE ratio! Isn’t the industry average 70? James White, Boston MA https://globalvis.com.

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