Thursday, October 21, 2021

What to Watch When A10 Networks Inc. [ATEN] Reports Quarterly Earnings

Earnings from A10 Networks Inc. [ATEN] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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ATEN Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.11 per share on revenue of $55.63M. Taking a look at the future, the company is projected to report revenue of $56.63M at an earnings per share of $0.12 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.90% in revenue.

ATEN Stock Earnings Forecast For The Current Year


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For the full financial year, A10 Networks Inc. [NYSE:ATEN] is forecasted to generate revenue of $241.86M. The figure is about $16.33 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.52 in 2021, which is $0.08 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 18.20% this year, and 23.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 7.20% in current fiscal year and 7.90% over following year.

ATEN Stock Price Performance

At a recent check today, A10 Networks Inc. [NYSE:ATEN] finished down -1.46% at $9.42. The stock’s day high price was $9.66, and its lowest was $9.42. Its price rose 3.46% in the last five days. Since the beginning of the year, A10 Networks Inc.’s shares are down nearly -3.04%. However, the share price is -20.57% below its one year high. The top price reached by the shares of the company was $11.86 on 02/09/21, while the 52-week low came on 02/23/21, when the shares were $8.61. In the past year, shares of the company have risen 47.99%. At 50 days, the moving average achieved is $9.53 while at 200 days, the moving average is $8.55. There were 82542.0 shares traded in the last session, down from 0.42 million in the previous session.

A10 Networks Inc. [NYSE:ATEN] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 42.87, A10 Networks Inc. [ATEN] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 32.59 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.15 PS value ratio is reported for the last one year of reported earnings. This is below the average return 3.44 for the industry, which means ATEN offers an attractive investment opportunity than its competitors do.

ATEN Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 9.40 level, and the violation of this level will cause a further drop to 9.43 level. At the upper end, 9.91 remains a key resistance. As the stock increases, it may find resistance at 9.79. In the 14-day chart, the Relative Strength Index standing at 49.90 suggests a technical neutral stance while the MACD standing at 0.20 indicates price will decrease in the next trading period. Stochastic %K at 71.08% suggests holding the stock while Percent R indicator at 33.02% suggests low price movement.

How much is the short interest in A10 Networks Inc.?

There have been a drop in short interest in the A10 Networks Inc. Financial stock, with short interest down by -0.83 million shares to 3.13 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.3 million shares. This 26.52% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 3.87% of the overall float in the stock, while the stock’s days to cover moved to 3.04.

How do analysts view A10 Networks Inc.?

In regard to the share price forecast for A10 Networks Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $14.75 in the next twelve months, representing almost an 36.14% growth from its recent price of $9.42. Among A10 Networks Inc. stock projections, $16.00 is the highest analyst target for the stock, while $13.50 is the lowest. Despite this, 2 analysts who share their consensus rating for ATEN in 2021 agree that the stock is an Overweight. The latest rating change took place on 10/28/20, when Sidoti & Co. Ratings launched coverage of the stock at “Buy” and assigned a price target of $15.0.

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