DA Davidson downgrades A10 Networks (NYSE:ATEN) from Buy to Neutral.
Firm seeks further clarity on accounting issues after the company announced a delayed 10-K filing.
DA Davidson notes that in similar situations a company that slips past the 15-day extension often takes substantial time to finalize.
Price target lowered by a dollar to $7, a 7% upside to Friday’s close.
A10 shares are down 8% to $6.01.
Subscribe for full text news in your inbox