The Relative Strength (RS) Rating for A10 Networks climbed into a new percentile Thursday, with a rise from 80 to 83.
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IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
A10 Networks is building a cup with handle with a 20.28 buy point. See if it can clear the breakout price in heavy trading.
While the company's bottom line growth dropped in the prior quarter from 24% to 18%, sales rose 9%, up from 5% in the prior report. The company is expected to report its latest earnings and sales numbers on or around Aug. 5.
A10 Networks earns the No. 14 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and Shopify are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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