A10 Networks Inc (NYSE:ATEN) saw unusually-high trading volume on Friday . Approximately 838,554 shares changed hands during trading, an increase of 125% from the previous session’s volume of 372,250 shares.The stock last traded at $6.12 and had previously closed at $5.83.
Separately, Zacks Investment Research upgraded A10 Networks from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research report on Wednesday, October 31st.
A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, October 30th. The communications equipment provider reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.10. A10 Networks had a negative return on equity of 20.11% and a negative net margin of 11.17%. The business had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $58.00 million. As a group, equities analysts expect that A10 Networks Inc will post -0.27 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of ATEN. Prudential Financial Inc. purchased a new position in shares of A10 Networks in the 3rd quarter worth about $116,000. Fox Run Management L.L.C. purchased a new position in shares of A10 Networks in the 2nd quarter worth about $145,000. Capital Fund Management S.A. purchased a new position in shares of A10 Networks in the 2nd quarter worth about $149,000. PEAK6 Investments LLC purchased a new position in shares of A10 Networks in the 3rd quarter worth about $156,000. Finally, King Luther Capital Management Corp purchased a new position in shares of A10 Networks in the 3rd quarter worth about $182,000. Hedge funds and other institutional investors own 58.68% of the company’s stock.
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About A10 Networks (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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