A10 Networks Inc (ATEN) is Downgraded by DA Davidson to Neutral, Price Target at $11.50

A10 Networks Inc (ATEN) was Downgraded by DA Davidson to ” Neutral” and the brokerage firm has set the Price Target at $11.50. Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Oct 5, 2016.

Many Wall Street Analysts have commented on A10 Networks Inc. Company shares were Reiterated by Dougherty & Company on Aug 29, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $9 .

On the company’s financial health, A10 Networks Inc reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.05. The company had revenue of $57.10 million for the quarter, compared to analysts expectations of $56.11 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

A10 Networks Inc closed down -0.13 points or -1.21% at $10.64 with 2,41,089 shares getting traded on Tuesday. Post opening the session at $10.71, the shares hit an intraday low of $10.61 and an intraday high of $10.86 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 2, 2016, Robert D Cochran (VP, Legal & Corp Collaboration) sold 7,000 shares at $9.91 per share price. According to the SEC, on Aug 25, 2015, Phillip J Salsbury (director) purchased 20,000 shares at $6.19 per share price. On Aug 25, 2015, Lee Chen (CEO) purchased 18,342 shares at $6.12 per share price, according to the Form-4 filing with the securities and exchange commission.

A10 Networks Inc. (A10) is a provider of advanced application networking technologies. The Company’s 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.

A10 Networks Inc

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