A10 Networks Inc. (NYSE:ATEN) shares, rose in value on Friday, May 26, with the stock price up by 2.46% to the previous day’s close as strong demand from buyers drove the stock to $14.98.
Actively observing the price movement in the last trading, the stock closed the session at $14.62, falling within a range of $14.59 and $15.379. The value of beta (5-year monthly) was 1.05 whereas the PE ratio was 24.68 over 12-month period. Referring to stock’s 52-week performance, its high was $19.79, and the low was $12.61. On the whole, ATEN has fluctuated by 5.94% over the past month.
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With the market capitalization of A10 Networks Inc. currently standing at about $1.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 31, 2023 – Aug 04, 2023. The company’s Forward Dividend Ratio is 0.24, with its dividend yield at 1.60%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.17, which is expected to increase to $0.23 for fiscal year $0.8 and then to about $0.94 by fiscal year 2024. Data indicates that the EPS growth is expected to be 8.10% in 2024, while the next year’s EPS growth is forecast to be 17.50%.
Analysts have estimated the company’s revenue for the quarter at $65.12 million, with a low estimate of $62.38 million and a high estimate of $67 million. According to the average forecast, sales growth in current quarter could jump down -4.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $278.29 million, representing a decrease of -0.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that ATEN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.23, with the price of ATEN currently trading nearly 6.34% and 3.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.59, while the 7-day volatility ratio is showing 3.09% which for the 30-day chart, stands at 2.83%. Furthermore, A10 Networks Inc. (ATEN)’s beta value is 1.05, and its average true range (ATR) is 0.40.
A comparison of A10 Networks Inc. (ATEN) with its peers suggests the former has fared considerably weaker in the market. ATEN showed an intraday change of 2.46% in last session, and over the past year, it grew by 1.56%%. In comparison, Radware Ltd. (RDWR) has moved higher at 0.84% on the day and was down -19.66% over the past 12 months. On the other hand, the price of Oracle Corporation (ORCL) has fallen -0.20% on the day. The stock, however, is off 49.05% from where it was a year ago. Additionally, there is a gain of 2.59% for Juniper Networks Inc. (JNPR) in last trading while the stock has seen an overall depriciation of 1.43%% over the past year. The PE ratio stands at 24.68 for A10 Networks Inc., and 34.20 for Oracle Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.30%. Meanwhile, the Dow Jones Industrial Improved by 1.00%.
Data on historical trading for A10 Networks Inc. (NYSE:ATEN) indicates that the trading volumes over the past 10 days have averaged 0.78 million and over the past 3 months, they’ve averaged 659.26K. According to company’s latest data on outstanding shares, there are 74.00 million shares outstanding.
Nearly 1.70% of A10 Networks Inc.’s shares belong to company insiders and institutional investors own 92.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.9 million shares as on May 14, 2023, resulting in a short ratio of 2.64. According to the data, the short interest in A10 Networks Inc. (ATEN) stood at 2.57% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 1.97 million. The stock has fallen by -9.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATEN stock heading into the next quarter.
