BofA/Merrill Lynch reiterated a Buy rating and $8 price target on A10 Networks (NYSE: ATEN) Friday despite a revenue miss and weak guidance.

While management cited weak service provider and enterprise spend in North America, analyst Tal Liani notes robust sales from Citrix, F5 and Radware suggests the weakness is more self-inflicted and attributed to management issues that need to be addressed, as well as some customer concentration issues.

"We maintain our Buy rating and believe the setup is favorable at the current levels. We highly rank the product quality, customer concentration issues are gone, and the valuation is attractive, trading at 0.9x 2015 EV/Sales," Liani said.

The firm cut FY 2014 EPS from ($0.11) to ($0.47), FY 2015 EPS from ($0.11) to ($0.46) and FY 2016 EPS from $0.24 to ($0.30).

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 are up 6.6% today to $4.50.