Why A10 Networks (ATEN) Stock Is Higher This Morning

NEW YORK (TheStreet) -- Shares of A10 Networks, Inc. (ATEN) are higher by 2.49% to $14.83 after Pacific Crest Securities initiated coverage of the provider of advanced application networking technologies at "outperform," with a price target of $18.

"We are initiating coverage of ATEN at Outperform on valuation, accelerating cloud and enterprise customer footprint, TAM expansion from new products and increasing share gains. For a small cap poised for 25%- plus growth, the risk/reward is attractive. We see 24% upside to $18," the firm said in a note.

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ATEN Chart

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