A10 Networks Inc. [ATEN] Stock trading around $8.91 per share: What’s Next?

A10 Networks Inc. [NYSE: ATEN] traded at a high on 08/25/20, posting a 0.45 gain after which it closed the day’ session at $8.91. The company report on July 28, 2020 that A10 Networks Reports Second Quarter 2020 Financial Results.

Second Quarter Revenue of $52.5 Million; GAAP Net Income of $3.8 Million, GAAP EPS of $0.05, non-GAAP Net Income of $7.1 Million, non-GAAP EPS of $0.09 and Cash Flow from Operations of $10.5 Million.

A10 Networks (NYSE: ATEN), a leading provider of secure application services and solutions, today announced financial results for its second quarter ended June 30, 2020.

The results of the trading session contributed to over 1039165 shares changing hands. Over the past one week, the price volatility of A10 Networks Inc. stands at 4.31% while the volatility over the past one month is 4.81%.

The market cap for ATEN stock reached $720.82 million, with 78.18 million shares outstanding and 59.92 million shares in the current float. Compared to the average trading volume of 713.98K shares, ATEN reached a trading volume of 1039165 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about A10 Networks Inc. [ATEN]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATEN shares is $12.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATEN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Sidoti have made an estimate for A10 Networks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2020. While these analysts kept the previous recommendation, BWS Financial raised their target price to Buy. The new note on the price target was released on December 16, 2019, representing the official price target for A10 Networks Inc. stock. On March 19, 2018, analysts decreased their price target for ATEN shares from 8 to 7.

The Average True Range (ATR) for A10 Networks Inc. is set at 0.37, with the Price to Sales ratio for ATEN stock in the period of the last 12 months amounting to 3.29. The Price to Book ratio for the last quarter was 6.27, with the Price to Cash per share for the same quarter was set at 1.77. Price to Free Cash Flow for ATEN in the course of the last twelve months was 24.69 with Quick ratio for the last quarter at 2.10.

How has ATEN stock performed recently?

A10 Networks Inc. [ATEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.71. With this latest performance, ATEN shares gained by 23.24% in over the last four-week period, additionally plugging by 30.65% over the last 6 months – not to mention a rise of 28.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATEN stock in for the last two-week period is set at 66.79, with the RSI for the last a single of trading hit 66.89, and the three-weeks RSI is set at 63.82 for A10 Networks Inc. [ATEN]. The present Moving Average for the last 50 days of trading for this stock 7.65, while it was recorded at 8.54 for the last single week of trading, and 6.84 for the last 200 days.

A10 Networks Inc. [ATEN]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and A10 Networks Inc. [ATEN] shares currently have an operating margin of -6.85 and a Gross Margin at +77.01. A10 Networks Inc.’s Net Margin is presently recorded at -8.38.

Return on Total Capital for ATEN is now -11.85, given the latest momentum, and Return on Invested Capital for the company is -14.80. Return on Equity for this stock declined to -16.76, with Return on Assets sitting at -6.99. When it comes to the capital structure of this company, A10 Networks Inc. [ATEN] has a Total Debt to Total Equity ratio set at 30.48. Additionally, ATEN Total Debt to Total Capital is recorded at 23.36, with Total Debt to Total Assets ending up at 12.10. Long-Term Debt to Equity for the company is recorded at 25.78, with the Long-Term Debt to Total Capital now at 19.76.

Reflecting on the efficiency of the workforce at the company, A10 Networks Inc. [ATEN] managed to generate an average of -$21,999 per employee. Receivables Turnover for the company is 3.95 with a Total Asset Turnover recorded at a value of 0.83.A10 Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.30.

Earnings analysis for A10 Networks Inc. [ATEN]

With the latest financial reports released by the company, A10 Networks Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for A10 Networks Inc. go to 23.00%.

Insider trade positions for A10 Networks Inc. [ATEN]

There are presently around $511 million, or 74.20% of ATEN stock, in the hands of institutional investors. The top three institutional holders of ATEN stocks are: SUMMIT PARTNERS L P with ownership of 9,539,076, which is approximately 0% of the company’s market cap and around 10.80% of the total institutional ownership; VIEX CAPITAL ADVISORS, LLC, holding 7,883,675 shares of the stock with an approximate value of $70.24 million in ATEN stocks shares; and BLACKROCK INC., currently with $49.09 million in ATEN stock with ownership of nearly 19.681% of the company’s market capitalization.

Positions in A10 Networks Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 85 institutional holders increased their position in A10 Networks Inc. [NYSE:ATEN] by around 7,933,890 shares. Additionally, 37 investors decreased positions by around 4,794,862 shares, while 15 investors held positions by with 44,610,494 shares. The mentioned changes placed institutional holdings at 57,339,246 shares, according to the latest SEC report filing. ATEN stock had 30 new institutional investments in for a total of 1,555,581 shares, while 11 institutional investors sold positions of 666,182 shares during the same period.

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