A10 Networks (ATEN) : Traders are bullish on A10 Networks (ATEN) as it has outperformed the S&P 500 by a wide margin of 17.31% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.48%, 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 3.54% in the last 1 week, and is up 18.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.21% and the 50-Day Moving Average is 17.16%. A10 Networks (NYSE:ATEN): stock turned positive on Friday. Though the stock opened at $7.95, the bulls momentum made the stock top out at $8.19 level for the day. The stock recorded a low of $7.94 and closed the trading day at $8.19, in the green by 2.50%. The total traded volume for the day was 655,864. The stock had closed at $7.99 in the previous days trading.
The company Insiders own 34.05% of A10 Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.33% . Institutional Investors own 45.34% of A10 Networks shares. During last six month period, the net percent change held by insiders has seen a change of -16.33%.
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.