A10 Networks (ATEN) : Analyst Rating Update

A10 Networks (ATEN) : The consensus on A10 Networks (ATEN) based on 6 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

A10 Networks (ATEN) : The highest short term price target forecast on A10 Networks (ATEN) is $11 and the lowest target price is $7. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $8.57 with a standard deviation of $1.43.

A10 Networks (NYSE:ATEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.41 and $6.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.58, notching a gain of 0.92% for the day. The total traded volume was 216,178 . The stock had closed at $6.52 on the previous day.

The company shares have rallied 13.00% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $8.30 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $6.48 and the 200 Day Moving Average price is recorded at $6.18.

A10 Networks, Inc. (A10) is a provider of advanced application networking technologies. The Companys products are built on its Advanced Core Operating System (ACOS). Its offers three software -based advanced application networking solutions. These are Application Delivery Controllers (ADCs), which can optimize data center performance; Carrier Grade Networking products (CGN), which provides address and protocol translation services for service provider networks, and Distributed Denial of Service Threat Protection System (TPS) for network-wide security protection. The Company delivers these solutions both on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. The Company offers its solutions to enterprises, service providers, Web giants and Government organizations.

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