A share price of A10 Networks Inc [ATEN] is currently trading at $13.55, up 1.96%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ATEN shares have gain 2.50% over the last week, with a monthly amount glided 4.80%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, A10 Networks Reports Financial Results for the Fourth Quarter of 2023. In a post published today on Yahoo Finance, Company Achieves Revenue Guidance, Maintains Strong Profitability and Business Model.
From an analyst’s perspective:
Previously, Craig Hallum started tracking the stock with Buy rating on June 23, 2021, and set its price target to $16. On July 21, 2020, Sidoti initiated with a Buy rating and assigned a price target of $11 on the stock. BWS Financial started tracking the stock assigning a Buy rating and suggested a price target of $9.50 on December 16, 2019. Dougherty & Company downgraded its rating to a Neutral. DA Davidson downgraded its rating to Neutral for this stock on March 19, 2018, and downed its price target to $7. In a note dated July 14, 2017, DA Davidson reiterated an Buy rating on this stock and revised its target price from $16 to $9.
A10 Networks Inc experienced fluctuations in its stock price throughout the past year between $10.03 and $15.99. A10 Networks Inc [NYSE: ATEN] shares were valued at $13.55 at the most recent close of the market.
Analyzing the ATEN fundamentals
Trailing Twelve Months sales for A10 Networks Inc [NYSE:ATEN] were 251.70M which represents -9.30% decline. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.39 points at the first support level, and at 13.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.68, and for the 2nd resistance point, it is at 13.81.
A10 Networks Inc [ATEN] reported earnings per share of $0.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of -$0.01 and a surprise factor of -3.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.14 per share, a difference of $0.02 representing a surprise of 14.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for A10 Networks Inc [NYSE:ATEN] is 2.39. As well, the Quick Ratio is 2.18, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 4.85 and price to earnings (TTM) ratio is 25.53.
Transactions by insiders
Recent insider trading involved Becker Brian, Chief Financial Officer, that happened on Feb 13 ’24 when 15000.0 shares were sold. Chief Executive Officer, Trivedi Dhrupad completed a deal on Feb 05 ’24 to sell 8679.0 shares. Meanwhile, Chief Financial Officer Becker Brian sold 2047.0 shares on Feb 05 ’24.
