A10 Networks, Inc. stock trades under the ticker ATEN & has shown recent bullish momentum that traders & investors should take a closer look at.
ATEN stock closed at $15.95/share on 12/21/2021.
A10 Networks, Inc. ATEN Stock’s Technicals Broken Down
ATEN Stock Price: $15.95
10 Day Moving Average: $15.32
50 Day Moving Average: $15.23
200 Day Moving Average: $12.24
RSI: 54.6
MACD: -0.017
ATEN stock completed a bullish MACD crossover yesterday & still maintains a relatively neutral RSI at 54.6.
Their price also broke out over both the 10 & 50 Day Moving Averages, on slightly above average trading volume.
The next area to watch for resistance is the $16.35/share level.
A10 Networks, Inc. ATEN Stock As A Long-Term Investment
Long-term oriented investors will find that ATEN stock has many good attributes.
Their valuation is modest, with a P/E(ttm) of 13.6 & a P/B of 5.95.
With a beta of 1.04, they move relatively in line with broader market indexes.
ATEN stock’s Quarterly Revenue Growth Y-o-Y was 15.5%.
ATEN’s balance sheet also looks appealing, with Total Cash (mrq) of $187.5M & Total Debt (mrq) of $24.8M.
They offer a small dividend yield of 0.33%.
A10 Networks, Inc. ATEN Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to take advantage of ATEN stock’s current momentum, while hedging against market volatility.
I am looking at the contracts with the 1/21 expiration date.
The $15 & $17.50 calls look appealing, although less liquid than we would like.
The $17.50 puts also look interesting, as would the $20 contracts if they had more open interest.
Tying It All Together
Overall, ATEN stock has many interesting attributes that traders & investors should take a closer look at.
Their balance sheet & valuation looks appealing for long-term oriented investors, while their current momentum looks set to continue to the delight of short-term focused traders.
ATEN stock is worth taking a closer look at, regardless of your trading style & timeframes.
*** I DO NOT OWN SHARES OF ATEN STOCK ***