A10 Networks (NYSE:ATEN) Upgraded to "Buy" by StockNews.com

StockNews.com upgraded shares of A10 Networks (NYSE:ATEN - Free Report) from a hold rating to a buy rating in a research note released on Wednesday.

Separately, BWS Financial reaffirmed a "buy" rating and issued a $17.00 price objective on shares of A10 Networks in a report on Tuesday, July 9th.

A10 Networks Stock Performance

NYSE:ATEN traded up $0.10 during mid-day trading on Wednesday, hitting $14.72. 255,081 shares of the stock were exchanged, compared to its average volume of 740,982. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 24.16 and a beta of 1.11. The firm's 50-day simple moving average is $13.65 and its 200 day simple moving average is $13.92. A10 Networks has a fifty-two week low of $10.55 and a fifty-two week high of $16.46.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $60.10 million during the quarter, compared to analysts' expectations of $64.30 million. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. On average, analysts predict that A10 Networks will post 0.65 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.63%. A10 Networks's dividend payout ratio is presently 39.34%.

Hedge Funds Weigh In On A10 Networks

Hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new position in shares of A10 Networks in the 2nd quarter valued at $29,000. Quarry LP bought a new stake in A10 Networks during the 2nd quarter worth $47,000. nVerses Capital LLC bought a new stake in A10 Networks during the 2nd quarter worth $105,000. Meeder Asset Management Inc. bought a new stake in A10 Networks during the 2nd quarter worth $137,000. Finally, Picton Mahoney Asset Management bought a new stake in A10 Networks during the 2nd quarter worth $148,000. Institutional investors own 98.61% of the company's stock.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.