A10 Networks Inc. (NYSE:ATEN) finished Friday with an addition of $0.39 to close at $14.66, an upside of 2.73 percent. An average of 670,200 shares of common stock have been traded in the last five days. There was a fall of -$0.03 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 609,740 shares traded, while the 50-day average volume stands at 639,192.
ATEN stock has decreased by -4.81% in the last month. The company shares reached their 1-month lowest point of $14.20 on 08/24/23. With the stock rallying to its 52-week high on 01/04/23, shares of the company touched a low of $12.61 and a high of $19.79 in 52 weeks. It has reached a new high 2 times so far this year and lost -11.85% or -$1.97 in price. In spite of this, the price is down -25.92% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
ATEN stock investors should be aware that A10 Networks Inc. (ATEN) stock had its last reported insider trading activity 8 days ago on Aug 18. In this transaction, the insider spent $95,537. EVP, Worldwide Sales & Mktg, BRUENING MATTHEW P, disposed of 2,080 shares at a price of $14.46 on Aug 18. The insider now owns more than $30,077 worth of shares. Prior to that, Chief Financial Officer Becker Brian went on to Sale 1,556 shares at $14.46 each on Aug 18. An amount of $22,500 was transacted.
Valuation Metrics
A10 Networks Inc. (ATEN) has a trailing price-to-earnings (P/E) ratio of 24.39. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.94, the price-to-book (PB) ratio at 5.62, and the price-to-cash flow ratio at 21.86.
The company has a payout ratio of 37.40%. The company’s most recent quarterly dividend payment was $0.06 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday November 1 2022.
Financial Health
The quick ratio of A10 Networks Inc. for the three months ended June 29 was 2.20, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. A10 Networks Inc.’s EBITDA margin for the year ending June 29 is 21.57%, while its operating margin for the same period stands at 18.40%. Its gross profit as reported stood at $223.51 million compared to revenue of $280.34 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, A10 Networks Inc.’s return on assets was 12.60%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $11.63 million in the quarter, while revenues of $3.96 million were grew 10.4%. The analyst consensus anticipated A10 Networks Inc.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.19, a 11.80% surprise. For the quarter, EBITDA amounted to $14.47 million. Shareholders own equity worth $74.11 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at A10 Networks Inc. (ATEN) price momentum. RSI 9-day as of the close on 25 August was 45.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.36%.
As of today, ATEN’s price is $14.49 -0.20% or -$0.03 from its 5-day moving average. ATEN is currently trading -5.91% lower than its 20-day SMA and -0.34% lower than its 100-day SMA. However, the stock’s current price level is -1.74% below the SMA50 and -20.37% below the SMA200.
The stochastic %K and %D were 15.63% and 12.25%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 32.62% and the average true range at 0.35, the RSI (14) stands at 46.34%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
BTIG Research launched coverage on A10 Networks Inc. (NYSE: ATEN) in its analyst report released on April 04, 2023. The firm assigned the stock a Neutral rating. The consensus rating for A10 Networks Inc. (ATEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ATEN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is ATEN’s price target for the next 12 months?
Analysts predict a range of price targets between $19.00 and $24.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for A10 Networks Inc. (ATEN) stock is $20.67.
