A10 Networks price target lowered to $15 from $24 at BWS Financial

BWS Financial analyst Hamed Khorsand lowered the firm’s price target on A10 Networks to $15 from $24 and keeps a Buy rating on the shares after the company lowered its Q3 revenue forecast due to North American service providers having delayed their purchases in the quarter. The current valuation implies A10 achieves EPS of 52c on a go forward basis, but the firm believes it is more likely to achieve 2024 EPS of 96c, the analyst tells investors.