A10 Networks had its Relative Strength (RS) Rating upgraded from 67 to 74 Friday — a welcome improvement, but still short of the 80 or higher score you look for.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest price moves. See if A10 Networks can continue to show renewed price strength and hit that benchmark.
While now is not an ideal time to buy shares, see if the stock is able to establish and enter a buying range in heavy trade.
While earnings growth dropped in the company's most recently reported quarter from 24% to 18%, the top line grew 9%, up from 5% in the previous report.
A10 Networks earns the No. 23 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Cloudflare and SAP ADR 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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