ATEN - A10 Networks - New Highs

Summary

• 72% technical buy signals.
• 18 new highs and up 25.23% in the last month.
• Analyst's price targets from 20.00 to 22.00.

The Chart of the Day belongs to the software company A10 Networks ( ATEN ). I found the stock by sorting the Russell 3000 Index stocks first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/6, the stock gained 9.83%.

A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller ((ADC)) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks. It also provides Thunder Threat Protection System ((TPS)) for the protection of networks and server resources against massive distributed denial of service attacks; Thunder Secure Sockets Layer ((SSL)) Insight solution that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses various critical security capabilities in one package by consolidating various security and networking functions in a single appliance. In addition, the company offers intelligent management and automation tools comprising harmony controller that provides intelligent management, automation, and analytics for secure application delivery in multi-cloud environment; and aGalaxy TPS, a multi-device network management solution. A10 Networks, Inc. delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers; service providers include cloud, telecommunications, and multiple system and cable operators; government organizations; and enterprises in the technology, industrial, retail, financial, gaming, and education industries. The company markets its products through sales organizations, as well as distribution channel partners, including distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California. (Source: Seeking Alpha)

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 72% technical buy signals
• 1.92 negative Weighted Alpha
• 20.15% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 25.23% in the last month
• Relative Strength Index 74.22%
• Technical support level at 15.74
• Recently traded at 16.28 with 50-day moving average of 14.32

Fundamental factors:

• Market Cap $1.23 billion
• P/E 31.92
• Revenue expected to increase 11.00% this year and another 10.00% next year
• Earnings estimated to increase 3.20% this year, an additional 23.10% next year and continue to compound at an annual rate of 20.00% for the next 5 years

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