According to Zacks, “A10 Networks, Inc. provides software based application networking solutions. Its solutions enable enterprises, service providers, Web giants, and government organizations to enhance, secure, and optimize the performance of their data center applications and networks. The company delivers its solutions on optimized hardware appliances and as virtual appliances across its Thunder Series and AX Series product families. A10 Networks, Inc. is headquartered in San Jose, California. “
Separately, ValuEngine raised shares of A10 Networks from a hold rating to a buy rating in a research report on Thursday, April 25th.
A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). The company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $51.66 million. A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. A10 Networks’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that A10 Networks will post -0.3 earnings per share for the current fiscal year.
In other news, VP Gunter Reiss sold 4,209 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $6.68, for a total value of $28,116.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 15,096 shares of company stock valued at $98,681 in the last three months. Insiders own 28.87% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in shares of A10 Networks by 3.7% in the 4th quarter. Two Sigma Advisers LP now owns 305,936 shares of the communications equipment provider’s stock worth $1,909,000 after purchasing an additional 11,050 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of A10 Networks by 4.5% in the 4th quarter. Bank of New York Mellon Corp now owns 251,138 shares of the communications equipment provider’s stock worth $1,567,000 after purchasing an additional 10,894 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of A10 Networks by 123.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 3,173 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of A10 Networks by 56.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 33,920 shares of the communications equipment provider’s stock valued at $206,000 after buying an additional 12,193 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of A10 Networks by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 529,439 shares of the communications equipment provider’s stock valued at $3,303,000 after buying an additional 20,211 shares during the period. 63.84% of the stock is owned by institutional investors.
A10 Networks Company Profile
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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