BWS Financial Reiterates Buy Rating for A10 Networks (NYSE:ATEN)

A10 Networks (NYSE:ATEN)‘s stock had its “buy” rating reaffirmed by analysts at BWS Financial in a research note issued to investors on Friday,Benzinga reports. They presently have a $45.00 price target on the communications equipment provider’s stock. BWS Financial’s target price indicates a potential upside of 68.10% from the company’s previous close.

Several other research firms have also recently weighed in on ATEN. BTIG Research reaffirmed a “buy” rating and set a $37.00 price objective on shares of A10 Networks in a research report on Thursday, August 6th. Piper Sandler set a $45.00 target price on A10 Networks in a research note on Tuesday, June 16th. Weiss Ratings raised A10 Networks from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research downgraded shares of A10 Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.29.

A10 Networks Trading Down 0.9%

ATEN opened at $26.77 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 44.98 and a beta of 1.16. A10 Networks has a 12 month low of $16.52 and a 12 month high of $38.49. The firm’s fifty day simple moving average is $33.29 and its 200 day simple moving average is $27.13.

A10 Networks (NYSE:ATEN) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%.The firm had revenue of $80.14 million during the quarter, compared to analysts’ expectations of $77.28 million. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was up 15.5% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts predict that A10 Networks will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, General Counsel Robert Scott Weber sold 14,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total transaction of $392,435.96. Following the transaction, the general counsel owned 50,586 shares of the company’s stock, valued at $1,409,325.96. The trade was a 21.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On A10 Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in A10 Networks during the second quarter worth $506,919,000. Walleye Capital LLC acquired a new stake in A10 Networks in the first quarter valued at $115,600,000. Boston Partners acquired a new stake in A10 Networks in the fourth quarter valued at $14,795,000. Wellington Management Group LLP grew its position in shares of A10 Networks by 40.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider’s stock valued at $37,284,000 after acquiring an additional 588,922 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of A10 Networks during the 1st quarter worth about $13,058,000. 98.61% of the stock is owned by institutional investors.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.