In This Article:
Craig-Hallum raised the firm’s price target on A10 Networks (ATEN) to $18 from $16 and keeps a Hold rating on the shares. The firm notes A10 reported quarterly revenue modestly above expectations and earnings above expectations driven by a gain in short-term investment sales and lower-than-expected OpEx. With that being said, going forward the company plans to continue to increase its OpEx to target investments in future AI and cybersecurity opportunities. As a result, Craig-Hallum is leaving its 2025 estimates unchanged.
Maximize Your Portfolio with Data Driven Insights:
-
Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
-
Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ATEN: