The stock of A10 Networks Inc. (NYSE:ATEN) increased by $0.01 on Friday to finish at $15.20, up 0.07 percent. The last five days have seen an average of 629,400 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$1.43. The average number of shares traded over the last 20 days was 635,970, while the average volume over the last 50 days totaled 602,760.
ATEN stock appreciated 4.04% since last month. On 07/20/23, the company’s shares reached a one-month low of $14.02. The stock touched a high of $19.79 on 01/04/23, after rallying from a low of $12.61 in 52 weeks. The price of ATEN stock has declined by -8.60% or -$1.43 this year, reaching a new high 2 times. Still, the stock price is down -23.19% from the 52-week high.
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Insider Transactions
ATEN stock investors should be aware that A10 Networks Inc. (ATEN) stock had its last reported insider trading activity 6 days ago on Aug 08. On Aug 08, EVP, Worldwide Sales & Mktg BRUENING MATTHEW P sold 8,641 shares at $15.38 each. This transaction resulted in the insider making $132,899. On Aug 07, Trivedi Dhrupad sold 21,181 shares at a price of US$15.46. After the transaction, the insider now owns 520,772 shares. EVP, Worldwide Sales & Mktg BRUENING MATTHEW P had earlier sold 5,036 shares on Aug 07 for $15.46 a share. The transaction was completed for $77,857.
Valuation Metrics
A10 Networks Inc. (ATEN) has a trailing price-to-earnings (P/E) ratio of 25.29. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.12, the price-to-book (PB) ratio of 5.82, and the price-to-cash flow ratio of 22.83.
Company paid $0.06 per share in dividends, remained unchanged from $0.06 last year. A $0.01 dividend increase was reported on Tuesday November 1 2022.
Financial Health
For the three months ended June 29, A10 Networks Inc.’s quick ratio was 2.20, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 80.20% percent. A10 Networks Inc.’s EBITDA margin for the year ended June 29 was 21.57%, whereas its operating margin stood at 18.40% for the same period. Based on annual data, it had gross profit of $223.51 million and revenue of $280.34 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATEN’s return on assets (ROA) during the last 12 months has been 12.60%. There was a 26.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.40%.
Earnings Surprise
According to A10 Networks Inc.’s quarterly financial report for the quarter that ended June 29, it had $42.73 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $65.82 million, while revenues fell by -3.27% to $57.69 million. It was predicted that A10 Networks Inc.’s quarterly earnings would be $0.19, but it ended up being $0.17, beating the consensus by 11.80%. EBITDA was $14.47 million for the quarter. At the end of A10 Networks Inc.’s most recent quarter ended June 29, its liabilities totaled 175.29 million, while its total debt was $19.16 million. Equity owned by shareholders amounts to $74.11 million.
Technical Picture
Here’s a quick look at A10 Networks Inc.’s (ATEN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 50.30%, suggesting the stock is Neutral, with a 20.09% historical volatility rate.
The stochastic %K and %D were 57.68% and 64.06% respectively, while the average true range (ATR) was 0.37. Based on the 14-day stochastic reading of 52.41%, the RSI (14) reading is 53.43%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at -0.13.
Analyst Ratings
In its analyst report released on April 04, 2023, BTIG Research began covering A10 Networks Inc. (NYSE: ATEN). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned A10 Networks Inc. (ATEN) an Overweight rating. ATEN is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is ATEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $24.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for A10 Networks Inc. (ATEN) is $20.67.
