A10 Networks initiated with a Market Perform at Raymond James

Raymond James initiated coverage of A10 Networks (ATEN) with a Market Perform rating without a price target A10 is a provider of scalable application solutions for on-premises, cloud, and edge-cloud environments, the analyst tells investors in a research note. The firm says artificial intelligence adoption presents a catalyst and potential upside, but that it sees a slower ramp versus A10’s aspirations. Macro uncertainty may present headwinds to the company’s enterprise growth, contends Raymond James, which views the shares as fairly valued.