A10 Networks (ATEN) Shares are Up 1.15%

A10 Networks (ATEN) : Traders are bullish on A10 Networks (ATEN) as it has outperformed the S&P 500 by a wide margin of 11.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.72%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.15% in the last 1 week, and is up 14.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

A10 Networks (NYSE:ATEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.84 and $7.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.91, notching a gain of 1.41% for the day. The total traded volume was 505,132 . The stock had closed at $7.80 on the previous day.

The stock has recorded a 20-day Moving Average of 8.8% and the 50-Day Moving Average is 15.62%. A10 Networks, Inc. is up 30.53% in the last 3-month period. Year-to-Date the stock performance stands at 20.58%.

A10 Networks (ATEN) : 7 Wall Street analysts covering A10 Networks (ATEN) believe that the average level the stock could reach for the short term is $9.14. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.38.


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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