A10 Networks, Inc. ATEN was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.18 to $8.80 in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for A10 Networks. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
A10 Networks currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
A10 Networks, Inc. Price
A10 Networks, Inc. price | A10 Networks, Inc. Quote
Another stock worth considering in the Communication - Network Software industry is Avaya Holdings Corp. AVYA which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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