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Fly News Breaks for December 10, 2018
ATEN
Dec 10, 2018 | 08:00 EDT
As reported earlier, DA Davidson analyst Mark Kelleher upgraded A10 Networks to Buy from Neutral and raised his price target to $9 from $6.50. The analyst notes that the appointments of a new CFO, CMO, and Global Sales VP over the past year have positioned the company for growth, adding visibility to its forecasting with a "a more robust internal reporting" system and generating more sales based incentives. Kelleher anticipates seeing clearer benefits from A10 Networks' strategic realignment efforts in 2019 while also pointing to the 5G network deployment as the next area of opportunity for the company given its position to offer reduced network latency and converged firewall solution services.
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