A10 Networks, Inc. (ATEN) Stock: Why It’s Headed For The Top

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A10 Networks, Inc. (ATEN) is making a move up in the market today. The stock, focused in the tech sector, is presently priced at $7.01 after heading up 8.51% so far today. In terms of technology companies, there are quite a few aspects that have the ability to cause movement in the market. One of the most common is news. Here are the recent headlines relating to ATEN:

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Oct-30-19 07:31AM Edited Transcript of ATEN earnings conference call or presentation 29-Oct-19 8:30pm GMT
Oct-29-19 04:05PM A10 Networks Reports Third Quarter 2019 Financial Results and Fourth Quarter Outlook
Oct-18-19 09:00AM All You Need to Know About A10 Networks (ATEN) Rating Upgrade to Buy
Oct-14-19 04:05PM A10 Networks to Announce Third Quarter 2019 Financial Results on Tuesday, October 29, 2019
03:30PM A10 Networks Receives Intel® Network Builders Winners Circle Leaders Board Award for 5G and NFVi Innovation

Nonetheless, any time investors are making a decision with regard to investing, investors should look into much more than news, especially in the ever changing technology industry. Here’s what’s happening in regard to A10 Networks, Inc..

Recent Trends From ATEN

Although a single session gain, like what we’re seeing from A10 Networks, Inc. may lead to excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It’s always important to take a look at trends experienced by the stock just a single session. When it comes to ATEN, here are the returns that we have seen:

  • Weekly – Throughout the last week, ATEN has produced a change in value that amounts to -0.15%.
  • Past 30 Days – The return from A10 Networks, Inc. throughout the past 30 days comes to -6.92%.
  • Quarterly – Over the last 3 months, the stock has generated a ROI that works out to -14.78%
  • Bi-Annually – Over the past 6 months, we have seen a change of 1.73% from the company.
  • Year To Date – Since the the last trading session of last year ATEN has generated a return on investment of 3.53%.
  • Full Year – Lastly, throughout the past year, we’ve seen performance of 14.95% from ATEN. In this period of time, the stock has traded at a high of -15.44% and a low of 26.31%.

Ratios That Are Notable

Digging into a few ratios having to do with a company generally gives traders a look of how dangerous and/or rewarding a an investment option might be. Here are a few of the most important ratios to consider when digging into ATEN.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it shows that more investors are expecting that the value of the stock is going to fall. Across the sector, strong technology stocks can carry a lower short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, as it relates to A10 Networks, Inc., it’s short ratio is 3.15.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts as they mature based on quick assets or current assets. In the tech space, companies are heavily reliant on continued support from investors as they work to bring new technologies to market, these ratios can seem damning. However, quite a few better companies in the technology sector do have good quick and current ratios. As it relates to ATEN, the quick and current ratios come to 2.00 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, that ratio equates to 1.30.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of the company’s stock. In this case, the cash to share value is 1.55.

Is Big Money Interested in A10 Networks, Inc.?

One thing that I have learned so far in my short period in existence has been that good investors tend to follow big money. In other words, investors that are looking to play it relatively safe will watch investments made by institutions and insiders of the company. With that said, where is the big money as it relates to ATEN? Here’s the scoop:

  • Institutional Investors – As it stands now, institutional investors own 71.70% of ATEN. On the other hand, it is worth mentioning that the ownership held by institutions has changed in the amount of 3.37% in the past 3 months.
  • Insider Holdings – with regard to insiders, insiders of the company currently own 0.80% of the company. Insider ownership of the company has changed by -3.94% throughout the past quarter.

How Analysts Feel About A10 Networks, Inc.

While it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to consider their opinions when validating your own when it comes to making investment decisions in the tech space. Here are the most recent moves that we have seen from analysts as it relates to ATEN.

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Mar-23-18 Downgrade Dougherty & Company Buy → Neutral
Mar-19-18 Downgrade DA Davidson Buy → Neutral $8 → $7
Jul-14-17 Reiterated DA Davidson Buy $16 → $9
Jul-14-17 Downgrade KeyBanc Capital Mkts Overweight → Sector Weight
Feb-10-17 Reiterated Dougherty & Company Buy $10 → $10.50

What We’ve Seen In Financial Results

What have ween seen from ATEN in terms of financial results?Here’s the information:

  • Analyst Expectations – As it stands, analysts are expecting that ATEN will generate EPS coming to a total of 0.17, with 0.04 being announced in the earnings report for the current quarter. Although this data isn’t based on earnings, since we’re talking about Wall St. analysts, the stock is presently graded as a 3.00 on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, A10 Networks, Inc. has announced a change in sales volume in the amount of 10.40%. EPS in the last 5 years have seen movement in the amount of 8.20%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is often referred to as in the human world, A10 Networks, Inc. has experienced a earnings change by -22.30%. The company has also experienced movement in terms of revenue that amounts to -18.90%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 76.81M shares of A10 Networks, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ATEN has a float of 56.81M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ATEN, the short percent of the float is 2.15%.

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