Shorts Action: A Reversal for A10 Networks Incorporated (NYSE:ATEN) Is Near. The Stock Has Decrease in Shorts

November 24, 2016 - By Vivian Park   ·   0 Comments

Shorts Action: A Reversal for A10 Networks Incorporated (NYSE:ATEN) Is Near. The Stock Has Decrease in Shorts

The stock of A10 Networks Incorporated (NYSE:ATEN) registered a decrease of 1.09% in short interest. ATEN’s total short interest was 824,900 shares in November as published by FINRA. Its down 1.09% from 834,000 shares, reported previously. With 754,800 shares average volume, it will take short sellers 1 days to cover their ATEN’s short positions. The short interest to A10 Networks Incorporated’s float is 2.04%. The stock decreased 1.29% or $0.11 on November 23, hitting $8.45. About 507,787 shares traded hands. A10 Networks Inc (NYSE:ATEN) has risen 30.60% since April 22, 2016 and is uptrending. It has outperformed by 25.19% the S&P500.

A10 Networks, Inc. is a provider of application networking and network security technologies. The company has a market cap of $582.17 million. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale. It currently has negative earnings. The Company’s products are built on its Advanced Core Operating System .

A10 Networks Inc (NYSE:ATEN) Ratings Coverage

Out of 4 analysts covering A10 Networks (NYSE:ATEN), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. A10 Networks has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 31 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, November 11 by Oppenheimer. The firm has “Buy” rating by Dougherty & Company given on Friday, October 28. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, February 10. The company was maintained on Monday, August 29 by Dougherty & Company. DA Davidson downgraded A10 Networks Inc (NYSE:ATEN) on Wednesday, October 5 to “Neutral” rating. The stock of A10 Networks Inc (NYSE:ATEN) has “Buy” rating given on Thursday, November 12 by DA Davidson. Dougherty & Company upgraded the stock to “Buy” rating in Friday, October 30 report. The rating was downgraded by Oppenheimer to “Perform” on Friday, October 28. As per Monday, October 31, the company rating was upgraded by DA Davidson.

ATEN Company Profile

A10 Networks, Inc., incorporated on December 6, 2013, is a well-known provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale. The Company’s products are built on its Advanced Core Operating System (ACOS). The Firm offers approximately four software solutions that are built on top of its software ACOS cloud-ready application networking platform and are delivered primarily on its optimized hardware appliances, including Application Delivery Controller (ADC), Carrier Grade Networking (CGN), Threat Protection System (TPS) and Convergent Firewall (CFW).

More recent A10 Networks Inc (NYSE:ATEN) news were published by: Fool.com which released: “5 Charts that Explain A10 Networks Inc. Stock” on April 05, 2016. Also Fool.com published the news titled: “Will A10 Networks, Inc. Sink or Swim in 2016?” on April 04, 2016. Businesswire.com‘s news article titled: “A10 Networks, Inc. Reports Second Quarter 2016 Results” with publication date: July 28, 2016 was also an interesting one.

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By Vivian Park


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