A10 Networks, Inc. (ATEN) was a big mover last session, as the company saw its shares rise over 5% on the day. The upside came after D.A. Davidson upgraded the company’s rating from Neutral to Buy and increased its price target. This led to more shares changing hands than in a normal session. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up nearly 36% since Dec 12.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
A10 Networks currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the technology sector is Comverse, Inc. (CNSI) sporting a Zacks Rank #1 (Strong Buy).
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