A10 Networks price target raised to $18 from $16 at Craig-Hallum

Craig-Hallum raised the firm’s price target on A10 Networks (ATEN) to $18 from $16 and keeps a Hold rating on the shares. The firm notes A10 reported quarterly revenue modestly above expectations and earnings above expectations driven by a gain in short-term investment sales and lower-than-expected OpEx. With that being said, going forward the company plans to continue to increase its OpEx to target investments in future AI and cybersecurity opportunities. As a result, Craig-Hallum is leaving its 2025 estimates unchanged.