A share price of A10 Networks Inc [ATEN] is currently trading at $15.37, up 17.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The ATEN shares have gain 12.11% over the last week, with a monthly amount glided 14.53%, and seem to be holding up well over a long-time horizon.
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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 $15.37 at the most recent close of the market.
Analyzing the ATEN fundamentals
Trailing Twelve Months sales for A10 Networks Inc [NYSE:ATEN] were 254.68M which represents 5.17% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.23 and Total Capital is 0.14.
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 14.02 points at the first support level, and at 12.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.30, and for the 2nd resistance point, it is at 17.23.
A10 Networks Inc [ATEN] reported earnings per share of $0.17 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.02 and a surprise factor of 13.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.25 per share as compared to estimates of $0.26 per share, a difference of -$0.01 representing a surprise of -3.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for A10 Networks Inc [NYSE:ATEN] is 2.45. On the other hand, the Quick Ratio is 2.23, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 4.50, the price to book ratio is 5.34 and price to earnings (TTM) ratio is 25.26.
Transactions by insiders
Recent insider trading involved Trivedi Dhrupad, Chief Executive Officer, that happened on Mar 05 ’24 when 60606.0 shares were sold. Chief Financial Officer, Becker Brian completed a deal on Feb 13 ’24 to sell 15000.0 shares. Meanwhile, Chief Executive Officer Trivedi Dhrupad sold 8679.0 shares on Feb 05 ’24.
