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BTIG Sticks to Its Buy Rating for A10 Networks (ATEN)

Tipranks - Fri Feb 6, 6:10AM CST

BTIG analyst Gray Powell reiterated a Buy rating on A10 Networks yesterday and set a price target of $22.00. The company’s shares closed yesterday at $17.52.

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According to TipRanks, Powell is a 4-star analyst with an average return of 7.9% and a 53.42% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Snowflake.

Currently, the analyst consensus on A10 Networks is a Moderate Buy with an average price target of $22.00, a 25.57% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to a Buy with a $19.00 price target.

Based on A10 Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $74.68 million and a net profit of $12.19 million. In comparison, last year the company earned a revenue of $66.72 million and had a net profit of $12.64 million

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