In a report released today, Hamed Khorsand from BWS Financial maintained a Buy rating on A10 Networks (ATEN – Research Report), with a price target of $24.00. The company’s shares opened today at $14.50.
Khorsand covers the Technology sector, focusing on stocks such as Adeia, A10 Networks, and Immersion. According to TipRanks, Khorsand has an average return of 11.0% and a 56.03% success rate on recommended stocks.
A10 Networks has an analyst consensus of Moderate Buy, with a price target consensus of $21.50, implying a 48.28% upside from current levels. In a report released today, Craig-Hallum also assigned a Buy rating to the stock with a $19.00 price target.
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ATEN market cap is currently $1.07B and has a P/E ratio of 24.81.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATEN in relation to earlier this year.
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A10 Networks, Inc. engages in the provision of application networking solutions that help organizations ensure that their data center applications and networks remain highly available, accelerated, and secure. It offers cloud storage, enterprise solutions, security products, data center, application delivery, load balancing, and distributed denial of service protection. The company was founded by Lee Chen in 2004 and is headquartered in San Jose, CA.
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