ATEN Stock Summary and Trading Ideas (A10 Networks | NYSE:ATEN)

A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.

A10 Networks trades on the NYSE stock market under the symbol ATEN.

As of April 17, 2024, ATEN stock price declined to $12.80 with 383,322 million shares trading.

ATEN has a beta of 0.76, meaning it tends to be less sensitive to market movements. ATEN has a correlation of 0.06 to the broad based SPY ETF.

ATEN has a market cap of $953.54 million. This is considered a Small Cap stock.

Last quarter A10 Networks reported $70 million in Revenue and $.25 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.

In the last 3 years, ATEN stock traded as high as $19.79 and as low as $8.42.

The top ETF exchange traded funds that ATEN belongs to (by Net Assets): CIBR, IJR, BUG, VTI, IWM.

ATEN has underperformed the market in the last year with a price return of -12.1% while the SPY ETF gained +23.0%. ATEN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.9% and -4.6%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

ATEN support price is $12.78 and resistance is $13.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATEN stock will trade within this expected range on the day.