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Fly News Breaks for October 28, 2016
ATEN
Oct 28, 2016 | 07:35 EDT
As previously reported, Oppenheimer analyst Ittai Kidron downgraded A10 Networks to Perform from Outperform following mixed Q3 results. The analyst attributes the challenges largely to bad timing and does not believe they raise any larger execution-related red flags. Nonetheless, Kidron is unsure that A10 Networks can deliver the magnitude of quarterly upside needed to move the stock materially higher, especially as it works to maintain a low level of profitability.
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