Brokerage Firm Rating Update on A10 Networks (ATEN)

A10 Networks (ATEN) : 7 analysts are covering A10 Networks (ATEN) and their average rating on the stock is 1.71, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A10 Networks (ATEN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

A10 Networks (ATEN) : The highest short term price target forecast on A10 Networks (ATEN) is $11 and the lowest target price is $8. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $10.08 with a standard deviation of $1.43.


For the current week, the company shares have a recommendation consensus of Buy.

A10 Networks (NYSE:ATEN): The stock opened at $10.1 and touched an intraday high of $10.22 on Wednesday. During the day, the stock corrected to an intraday low of $10.08, however, the bulls stepped in and pushed the price higher to close in the green at $10.22 with a gain of 1.29% for the day. The total traded volume for the day was 657,733. The stock had closed at $10.09 in the previous trading session.

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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