A10 Networks (ATEN) Earning Somewhat Negative Press Coverage, Report Shows

News articles about A10 Networks (NYSE:ATEN) have trended somewhat negative on Monday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. A10 Networks earned a coverage optimism score of -0.02 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 42.4519217040371 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s analysis:

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Shares of NYSE:ATEN traded down $0.15 during midday trading on Monday, reaching $5.67. 166,341 shares of the company were exchanged, compared to its average volume of 579,607. A10 Networks has a one year low of $5.64 and a one year high of $9.75. The firm has a market cap of $411.77, a price-to-earnings ratio of -18.90 and a beta of 0.75.

A number of brokerages recently weighed in on ATEN. Dougherty & Co lowered shares of A10 Networks from a “buy” rating to a “neutral” rating in a research report on Friday, March 23rd. DA Davidson lowered shares of A10 Networks from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $8.00 to $7.00 in a research report on Monday, March 19th. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, ValuEngine lowered shares of A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.00.

In related news, CEO Lee Chen sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $7.54, for a total transaction of $188,500.00. Following the sale, the chief executive officer now owns 9,961,538 shares of the company’s stock, valued at $75,109,996.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert D. Cochran sold 10,197 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $5.98, for a total transaction of $60,978.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,407 shares of company stock valued at $468,793. 31.57% of the stock is owned by company insiders.

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A10 Networks Company Profile

A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.

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