A10 Networks (ATEN): Another Solid Quarter - Oppenheimer

Oppenheimer analyst, Ittai Kidron, reiterated his Outperform rating on shares of A10 Networks (NYSE: ATEN) after the company reported another solid quarter, beating revenue and EPS estimates. The company continues to execute well, seeing strong demand for its expanded security portfolio despite tough competition. Solid execution is also evident operationally, as DSOs reached a record low, inventory turns improved substantially, and prudent OpEx management continued.

The analyst views the Appcito acquisition positively, as it points to a continued effort to innovate. He believes A10 is on track to deliver to its profitability target in 4Q16 and expects positive EPS for the year in 2017.

The price target goes to $9 from $8.

For an analyst ratings summary and ratings history on A10 Networks click here. For more ratings news on A10 Networks click here.

Shares of A10 Networks closed at $7.56 yesterday.

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