A10 Networks Stock (NYSE:ATEN), Trade Ideas

A10 Networks

A10 Networks Inc is a provider of secure application solutions and services that enables a new generation of intelligently connected companies, the ability to continuously improve cyber protection and digital responsiveness across dynamic Information Technology and network infrastructures. Its portfolio consists of six secure application solutions; Thunder Application Delivery Controller, Lightning Application Delivery Controller, Thunder Carrier Grade Networking, Thunder Threat Protection System, Thunder SSL Insight and Thunder Convergent Firewall, and two intelligent management and automation tools; Harmony Controller and aGalaxy TPS. Key revenue is generated from the Americas, with the rest coming from Europe, the Middle East and Africa, plus the Asia Pacific region.

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Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to uncover new information.

Benzinga&#39;s &#39;Stock Whisper&#39; Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet

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U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling over 50 points on Wednesday.

The Dow traded down 0.24% to 32,924.47 while the NASDAQ rose 0.77% to 13,159.47. The S&amp;P 500 also rose, gaining, 0.15% to 4,235.65.

Nasdaq Rises 100 Points; RPM International Posts Upbeat Earnings

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	Gaucho Group Holdings, Inc.  (NASDAQ: VINO) jumped 95.2% to $3.7280. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.


Why Cal-Maine Foods Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

A10 Networks Inc

Atento S.A

BWS Financial analyst Hamed Khorsand maintains A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) with a Buy and raises the price target from $15 to $17.

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BWS Financial Maintains Buy on A10 Networks, Raises Price Target to $17

A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) reported its Q4 earnings results on Tuesday, February 6, 2024 at 04:06 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
A10 Networks missed estimated earnings by 3.85%, reporting an EPS of $0.25 versus an estimate of $0.26.
Revenue was down $7.22 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 4.65% increase in the share price the next day.
Here's a look at A10 Networks's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.17</td>
<td>0.14</td>
<td>0.22</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.19</td>
<td>0.13</td>
<td>0.24</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>57.49M</td>
<td>65.12M</td>
<td>57.04M</td>
<td>76.13M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>57.77M</td>
<td>65.82M</td>
<td>57.69M</td>
<td>77.63M</td>
</tr>
</tbody>
</table>

To track all earnings releases for A10 Networks <a href="https://www.benzinga.com/quote/ATEN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: A10 Networks Q4 Earnings

A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.26 by 3.85 percent. This is a 4.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $70.42 million which missed the analyst consensus estimate of $74.77 million by 5.82 percent. This is a 9.30 percent decrease over sales of $77.63 million the same period last year.

A10 Networks Q4 Adj EPS $0.25 Misses $0.26 Estimate, Sales $70.42M Miss $74.77M Estimate

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Earnings Scheduled For February 6, 2024

A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement.
Analysts estimate that A10 Networks will report an earnings per share (EPS) of $0.26. 
A10 Networks bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 4.65% increase in the share price the next day.
Here's a look at A10 Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.14</td>
<td>0.17</td>
<td>0.14</td>
<td>0.22</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>0.19</td>
<td>0.13</td>
<td>0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.65%</td>
<td>5.91%</td>
<td>-1.57%</td>
<td>-4.51%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707159675_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of A10 Networks were trading at $13.15 as of February 02. Over the last 52-week period, shares are down 17.31%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/ATEN/earnings">To track all earnings releases for A10 Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: A10 Networks's Earnings

Buybacks

A10 Networks Board Authorized $50M Repurchase Plan

A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:06 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
A10 Networks beat estimated earnings by 14.29%, reporting an EPS of $0.16 versus an estimate of $0.14.
Revenue was down $14.28 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 5.91% increase in the share price the next day.
Here's a look at A10 Networks's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>0.14</td>
<td>0.22</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.19</td>
<td>0.13</td>
<td>0.24</td>
<td>0.20</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>65.12M</td>
<td>57.04M</td>
<td>76.13M</td>
<td>71.02M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>65.82M</td>
<td>57.69M</td>
<td>77.63M</td>
<td>72.06M</td>
</tr>
</tbody>
</table>

To track all earnings releases for A10 Networks <a href="https://www.benzinga.com/quote/ATEN/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: A10 Networks Q3 Earnings

A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.14 by 14.29 percent. This is a 20 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $57.77 million which beat the analyst consensus estimate of $57.49 million by 0.50 percent. This is a 19.82 percent decrease over sales of $72.06 million the same period last year.

A10 Networks Q3 2023 Adj EPS $0.16 Beats $0.14 Estimate, Sales $57.77M Beat $57.49M Estimate

Distributed denial of service (DDoS) attacks continue to rise in frequency and sophistication. DDoS-for-hire, hacktivism and geopolitical forces all play a role in the growing cyber threat landscape. In fact, according to Gartner&reg;,&nbsp;<a href="https://www.gartner.com/doc/reprints?id=1-2DNO37Q6&amp;ct=230516&amp;st=sb" target="_blank">DDoS attacks will be used as the most common cyberattack type</a>&nbsp;in the coming years.<a href="https://www.a10networks.com/news/press-releases/a10-networks-details-security-strategy-to-address-growing-cyber-threat-landscape/#cite1">[1]</a>&nbsp;And increasingly, threat actors are leveraging artificial intelligence (AI) to enhance the efficacy of DDoS attacks. This cyber threat landscape requires new and innovative approaches to DDoS defenses, those that leverage AI to help anticipate multi-vector attacks.
To help customers protect their networks and applications, meet uptime demands, deliver on customer expectations, and optimize secure experiences,&nbsp;<a href="https://www.a10networks.com/">A10 Networks</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) is establishing its&nbsp;<a href="https://www.a10networks.com/products/a10-defend/">A10 Defend security portfolio</a>. This portfolio suite of products creates a holistic foundation for growth including new and advanced DDoS protection with AI-enhanced zero-day detection capabilities, analytics and proactive DDoS threat intelligence to protect against new and previously unknown attacks.

A10 Defend Portfolio Expands Security Offerings Utilizing AI to Protect Against the Rising Threats of Multi-vector DDoS Attacks

Investors are constantly on the hunt for undervalued, under-followed&nbsp;and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to <a href="https://www.benzinga.com/topic/stock-whisper-index">uncover new information.</a>
Benzinga&rsquo;s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.
The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.
Here is a look at the Benzinga Stock Whisper Index for the week of Oct. 6, 2023.
Maison Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mss#NASDAQ">MSS</a>): A fast-growing specialty retailer that offers traditional Asian food to U.S. consumers went public this week and saw interest from investors. The company offered 2.5 million shares at $4 each. Shares traded between $3.76 and $11.48 on Thursday for the company&rsquo;s market debut and were halted several times.
Low-float IPOs have been hot commodities during their first few days of public trading.
The company plans on using proceeds to fund new store builds and potential acquisitions.
Related Link:<a href="https://www.benzinga.com/news/23/09/35009244/ground-control-to-congress-commencing-countdown-engines-off-how-government-shutdown-could-impact-air"> Ground Control To Congress, Commencing Countdown Engines Off: How Government Shutdown Could Impact Airlines&nbsp;</a>
Nuvalent Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuvl#NASDAQ">NUVL</a>): The clinical-stage biotechnology company saw shares soar over the last week after it announced preliminary Phase 1 data for one of its drugs in trials.
Following the data release, several analysts raised <a href="https://www.benzinga.com/quote/NUVL/analyst-ratings">their price targets</a> on the stock with BMO taking a $52 price target to $73 and JPMorgan taking a price target from $51 to $68.
Shares of the company are up over 100% year-to-date in 2023.
American Airlines Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>): Airline stocks were among the potential companies that could be hurt by a federal shutdown, which could explain the increased interest in the company over the last week.
Congress <a href="https://www.benzinga.com/news/23/09/35019457/government-shutdown-avoided-congress-acts-just-in-time">passed a stopgap bill</a> that will keep the federal government from shutting down until after a new deadline of Nov. 17. Without the bill, airlines could have faced delays and upset customers at airports. With the passing of the bill, the Federal Aviation Administration is working on getting a new administrator.
Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>): Shares of electric vehicle company Rivian got hammered after the company announced plans to <a href="https://www.benzinga.com/markets/equities/23/10/35101161/rivians-1-5b-green-note-offering-sends-stock-tumbling-8-even-as-ev-maker-allays-liquidity-concer">offer $1.5 billion</a> in senior notes via a private offering. CNBC host Jim Cramer was among the names who were <a href="https://www.benzinga.com/news/23/10/35116039/jim-cramer-is-very-worried-about-rivian-no-ones-the-next-elon-musk">worried about the company.</a>
Cramer noted&nbsp;Tesla previously raised a lot of money as they worked to be profitable, but their shares didn&rsquo;t suffer the same fate as Rivian.
&ldquo;I happen to think that management here is very good, but I am worried that when you do a convertible like that and the stock goes down like this, it means there&rsquo;s less faith than there was in Elon Musk and Tesla after year two,&rdquo; Cramer said.
Rivian shares are down 49% over the last year and dropped 27% in the last week.
A10 Networks Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>): The application solution company saw shares drop after<a href="https://www.benzinga.com/markets/equities/23/10/35081703/why-software-company-a10-networks-shares-are-diving-today"> reporting preliminary third-quarter</a> financial results.
The company said third-quarter revenue is expected to be in the range of $56.5 million to $58.5 million, which is lower than a consensus estimate of $74.65 million. A10 Networks cited industry headwinds impacting the third-quarter results.
For the fourth quarter, the company sees revenue coming in a range of $70 million to $80 million, compared to a consensus estimate of $82 million from analysts. Shares of A10 are down 32% year-to-date in 2023.
Check out the most recent Stock Whisper reports here:
<a href="https://www.benzinga.com/markets/penny-stocks/23/09/34617260/benzingas-stock-whisper-index-5-stocks-investors-are-secretly-monitoring-but-not-talking-abo">Sept. 15</a>
<a href="https://www.benzinga.com/markets/penny-stocks/23/09/34823682/benzingas-stock-whisper-index-5-stocks-investors-are-secretly-monitoring-but-not-talking-abo">Sept. 22</a>
<a href="https://www.benzinga.com/news/23/09/35002281/benzingas-stock-whisper-index-5-stocks-investors-are-secretly-monitoring-but-not-talking-about-yet">Sept. 29</a>
Stay tuned for next week&rsquo;s report, and follow Benzinga Pro for all the latest headlines and top<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348"> market-moving stories here.</a>
Read Next<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35120789/rivian-selloff-way-overdone-says-fund-manager-after-stocks-23-wreck-being-penalized">: Rivian Selloff Way Overdone, Says Fund Manager After Stock&#39;s 23% Wreck&nbsp;</a>

&nbsp;

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet

BWS Financial analyst Hamed Khorsand reiterates A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) with a Buy and lowers the price target from $24 to $15.

Reiteration

BWS Financial Reiterates Buy on A10 Networks, Lowers Price Target to $15

Craig-Hallum analyst Christian Schwab maintains A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) with a Buy and lowers the price target from $19 to $15.

Craig-Hallum Maintains Buy on A10 Networks, Lowers Price Target to $15

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling over 50 points on Wednesday.
The Dow traded down&nbsp;0.24% to 32,924.47 while the NASDAQ rose 0.77% to 13,159.47. The S&amp;P 500 also rose, gaining, 0.15% to 4,235.65.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35083764/over-1m-bet-on-nike-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On Nike? Check Out These 4 Stocks Insiders Are Buying</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>

Consumer discretionary shares rose by 1.7% on Wednesday.
In trading on Wednesday, energy shares dipped by around 3%.
&nbsp; 
<h3>Top Headline</h3>

RPM International Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) reported better-than-expected first-quarter financial results.
The company said sales grew 4.1% year-over-year to $2.01 billion, exceeding the consensus of $1.97 billion. Adjusted EPS of $1.64 beat the consensus of $1.55.
For the second quarter, the company expects consolidated sales to increase in the low-single-digit percentage range Y/Y and adjusted EBIT to increase in the high-single to low-double-digit percentage range Y/Y.
&nbsp; 
<h3>Equities Trading UP</h3>

Pixelworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxlw#NASDAQ">PXLW</a>) shares shot up 11% to $1.1833 after reporting preliminary revenue results for the third quarter.
Shares of Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) got a boost, shooting 29% to $2.4626. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.
Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares were also up, gaining 86% to $0.3461 after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist to provide Spark Clear Aligners to its national network of providers.
&nbsp; 
<h3>Equities Trading DOWN</h3>

Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) shares dropped 28% to $2.8550 after the company announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.
Shares of A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) were down 28% to $10.89 after the company reported preliminary third-quarter financial results. The company sees quarterly revenue of $56.5 million-$58.5 million, vs. consensus of $74.65 million.
Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) was down, falling 20% to $6.61. Jefferies downgraded Trinseo from Buy to Hold and lowered the price target from $22 to $9.
Also Check This Out:<a href="https://www.benzinga.com/news/23/10/35086733/top-5-health-care-stocks-that-may-plunge-in-october"> Top 5 Health Care Stocks That May Plunge In October</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 5.1% to $84.66 while gold traded down 0.4% at $1,833.60.
Silver traded down 1% to $21.17 on Wednesday while copper fell 0.8% to $3.5925.
&nbsp; 
<h3>Euro zone</h3>

European shares closed mostly lower today. The eurozone&rsquo;s STOXX 600 fell 0.14% London&rsquo;s FTSE 100 fell 0.77% while Spain&rsquo;s IBEX 35 Index fell 0.68% The German DAX rose 0.10% French CAC 40 slipped 0.01%, while Italy&rsquo;s FTSE MIB Index fell 0.17%.
Retail sales in the Eurozone declined by 1.2% month-over-month in August versus a revised 0.1% decline in July. Producer prices in the Eurozone declined by 11.5% year-over-year in August versus a 7.6% fall a month ago. The HCOB Eurozone composite PMI edged higher to 47.2 in September from the preliminary level of 47.1.
Italy&rsquo;s GDP contracted by 0.4% on quarter during the three months leading to June. The S&amp;P Global/CIPS UK services PMI rose to 49.3 in September versus a preliminary level of 47.2, while French services PMI rose to 44.4 in September from flash reading of 43.9. German services PMI increased to 50.3 in September versus the preliminary reading of 49.8.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed lower on Wednesday, with Japan&rsquo;s Nikkei 225 falling 2.28% and Hong Kong&rsquo;s Hang Seng Index falling 0.78%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.5%.
The au Jibun Bank Japan services PMI rose to 53.8 in September versus the preliminary reading of 53.3. The Judo Bank Australian services PMI rose to 51.8 in September compared to 47.8 in the previous month.
&nbsp; 
<h3>Economics</h3>

The ADP said private businesses in the U.S. added 89,000 workers in September, the least since Jan. 2021, and down from market estimates of 153,000.
The S&amp;P Global services PMI was revised lower to 50.1 in September versus the preliminary reading of 50.2.
The S&amp;P Global composite PMI rose to 50.2 in September from the preliminary reading of 50.1.
The ISM services PMI fell to 53.6 in September versus the six-month high level of 54.5 recorded in the previous month.
U.S. factory orders rose by 1.2% from the prior month to $586.1 million in August, versus market expectations for a 0.2% increase.
U.S. crude oil inventories fell by 2.2 million barrels last week, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/23/10/35086481/alphabet-to-rally-over-10-here-are-10-other-analyst-forecasts-for-wednesday"> Alphabet To Rally Over 10%? Here Are 10 Other Analyst Forecasts For Wednesday </a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 108,769,330 cases with around 1,177,850 deaths. India confirmed a total of at least 44,998,910 cases and 531,930 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 696,101,690 cases of COVID-19 worldwide with more than 6,922,740 deaths.

<h3>Gainers</h3>
<ul>
<li>LiveVox Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVOXU#NASDAQ">LVOXU</a>) shares increased by 16.3% to $3.85 during Wednesday's regular session. </li>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares rose 11.68% to $1.2. Trading volume for this security as of 13:30 EST is 4.3 million, which is 3042.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $67.1 million. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock increased by 10.85% to $0.78. The market value of their outstanding shares is at $10.9 million. </li>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNHP#NASDAQ">SLNHP</a>) stock rose 10.83% to $1.33. </li>
<li>Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) shares rose 10.03% to $1.45. The current volume of 95.3K shares is 78.1% of Wrap Technologies's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $62.5 million. </li>
<li>Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) stock increased by 9.35% to $1.52. The market value of their outstanding shares is at $32.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ebix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBIX#NASDAQ">EBIX</a>) shares decreased by 28.2% to $5.92 during Wednesday's regular session. Trading volume for this security as of 13:30 EST is 3.5 million, which is 405.7% of its average full-day volume over the last 100 days. The company's market cap stands at $182.7 million. </li>
<li>A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) stock fell 27.62% to $10.98. Trading volume for A10 Networks's stock is 2.6 million as of 13:30 EST. This is 449.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $813.7 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) stock decreased by 17.57% to $0.36. As of 13:30 EST, this security is trading at a volume of 917.8K shares, making up 468.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.3 million. </li>
<li>WeTrade Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETG#NASDAQ">WETG</a>) stock fell 16.67% to $10.0. The company's market cap stands at $10.5 million. </li>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) stock declined by 11.77% to $0.15. AgileThought's stock is trading at a volume of 1.8 million shares as of 13:30 EST. This is 38.6% of its average full-day volume over the last 100 days. The company's market cap stands at $7.8 million. </li>
<li>Rackspace Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NASDAQ">RXT</a>) shares decreased by 11.24% to $1.77. As of 13:30 EST, this security is trading at a volume of 1.4 million shares, making up 73.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $381.3 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWRE

EBIX

LVOXU

OBLG

SLNHP

WETG

WRAP

12 Information Technology Stocks Moving In Wednesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) jumped 95.2% to $3.7280. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares climbed 73.6% to $0.3230 after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist to provide Spark Clear Aligners to its national network of providers.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) shares climbed 39.7% to $6.72.</li>
<li>Histogen Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsto#NASDAQ">HSTO</a>) gained 27% to $0.6350.</li>
<li>Pixelworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxlw#NASDAQ">PXLW</a>) gained 22% to $1.3100 after reporting preliminary revenue results for the third quarter.</li>
<li>Brainstorm Cell Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcli#NASDAQ">BCLI</a>) shares rose 18.5% to $0.2016 after falling 15% on Tuesday. Brainstorm Cell Therapeutics recently announced the FDA Advisory Committee voted that NurOwn did not demonstrate substantial evidence of effectiveness for treatment of mild to moderate ALS.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) gained 16% to $2.0873. BranchOut pre-announced third-quarter revenue of roughly $1.1 million.</li>
<li>KWESST Micro Systems Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kwe#NASDAQ">KWE</a>) climbed 13% to $1.82.</li>
<li>Air Industries Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/airi#NYSE">AIRI</a>) gained 13% to $3.2699.</li>
<li>LightPath Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpth#NASDAQ">LPTH</a>) climbed 11.2% to $1.59.</li>
<li>Globus Maritime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbs#NASDAQ">GLBS</a>) shares climbed 10.1% to $0.2439. Globus Maritime regained compliance with NASDAQ&#39;s minimum closing bid price.</li>
<li>Star Equity Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strr#NASDAQ">STRR</a>) gained 9.8% to $1.0105.</li>
<li>Accuray Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aray#NASDAQ">ARAY</a>) climbed 9.8% to $2.85. Accuray announced approval of the Tomo C radiation treatment delivery system by the Chinese National Medical Products Administration.</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) shares jumped 9.3% to $0.4490. CalAmp is expected to release its fiscal 2024 second quarter financial results on Oct. 5, 2023.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares surged 9% to $0.2439. FLJ Group recently entered into a definitive agreement to acquire Lianlian Holdings Inc.</li>
<li>LiveVox Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lvox#NASDAQ">LVOX</a>) climbed 8.1% to $3.61 after NICE announced it will acquire the company.</li>
<li>Acuity Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ayi#NYSE">AYI</a>) rose 6.6% to $178.48 following better-than-expected quarterly earnings.</li>
<li>Brooge Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brog#NASDAQ">BROG</a>) shares rose 6.6% to $5.85 after the company announced GULFNAV submitted a proposal to acquire all of its businesses and assets.</li>
<li>RPM International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rpm#NYSE">RPM</a>) gained 6.3% to $98.65 after the company reported better-than-expected first-quarter financial results and issued guidance.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) dipped 30.5% to $0.1425. Molekule Group and its subsidiary have filed for Chapter 11 bankruptcy and will operate as a debtor in possession, seeking a credit facility of $5 million from dip lenders including Foundry Group Next, Armistice Capital Master Fund, SVBC, Bridge Coast Capital.</li>
<li>A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) fell 29.7% to $10.66 after the company reported preliminary third-quarter financial results. The company sees quarterly revenue of $56.5 million-$58.5 million, vs. consensus of $74.65 million.</li>
<li>Inhibikase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ikt#NASDAQ">IKT</a>) declined 26.4% to $1.0299. Inhibikase Therapeutics received FDA orphan drug designation for risvodetinib for the treatment of multiple system atrophy.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) shares fell 26.6% to $2.90 after the company announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Beneficient (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/benf#NASDAQ">BENF</a>) fell 23.8% to $1.92.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) dipped 21.5% to $6.51. Jefferies downgraded Trinseo from Buy to Hold and lowered the price target from $22 to $9.</li>
<li>Profire Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pfie#NASDAQ">PFIE</a>) fell 19.9% to $2.16.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) fell 17.4% to $0.2066 trading after the company announced a 1-for-25 reverse stock split to regain compliance with Nasdaq&#39;s minimum bid price requirement.</li>
<li>VIQ Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vqs#NASDAQ">VQS</a>) fell 16.6% to $0.1390 after gaining 27% on Tuesday. Last Wednesday, VIQ Solutions announced the delisting of its stock from the Nasdaq and the resignation of its director.</li>
<li>The Dixie Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyn#NASDAQ">DXYN</a>) dipped 16.4% to $0.6011.</li>
<li>Amprius Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ampx#NYSE">AMPX</a>) fell 16.3% to $4.21.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) declined 16.2% to $6.30. Cantor Fitzgerald maintained ALX Oncology Holdings with an Overweight and raised the price target from $18 to $23.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) fell 15% to $2.3205.</li>
<li>bioAffinity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biaf#NASDAQ">BIAF</a>) fell 12.4% to $1.13. Biofrontera announced preliminary third-quarter revenues of $8.7 million to $9 million.</li>
<li>AgileThought, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agil#NASDAQ">AGIL</a>) shares fell 11.7% to $0.1501 after gaining over 6% on Tuesday.</li>
<li>Allego N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/allg#NYSE">ALLG</a>) fell 11% to $2.2669.</li>
<li>B&amp;G Foods, Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bgs#NYSE">BGS</a>) shares declined 10.8% to $8.45. Piper Sandler downgraded B&amp;G Foods from Neutral to Underweight and lowered the price target from $14 to $8.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) fell 10.5% to $6.01. IGM Biosciences announced retirement of Chairman Michael Loberg effective Oct. 3.</li>
<li>Trinity Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trn#NYSE">TRN</a>) tumbled 9.8% to $21.04. Trinity Industries reported deliveries of 4,325 new railcars in the third quarter, 685 units below its projection due to closing of US-Mexico border.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) fell 9.3% to $2.2587 after dipping 36% on Tuesday. The stock has been <a href="https://www.benzinga.com/money/most-volatile-stocks/">volatile</a> since the company received FDA 510(k) clearance for FemaSeed, an infertility treatment, towards the end of September.</li>
<li>Kronos Worldwide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>) declined 9.1% to $6.69. Barclays maintained Kronos Worldwide with an Underweight and lowered the price target from $7 to $6.</li>
<li>Helen of Troy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hele#NASDAQ">HELE</a>) fell 8.6% to $103.84 after the company reported second-quarter financial results and issued guidance.</li>
<li>Cal-Maine Foods, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/calm#NASDAQ">CALM</a>) fell 7.6% to $43.90 after the company posted weaker-than-expected sales for its first quarter on Tuesday.</li>
<li>GSE Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvp#NASDAQ">GVP</a>) fell 7.4% to $0.1916.</li>
<li>Novartis AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) shares fell 4.2% to $95.28. Novartis announced it completed the spin-off of Sandoz unit.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/10/35086733/top-5-health-care-stocks-that-may-plunge-in-october"> Top 5 Health Care Stocks That May Plunge In October </a>

Why Cal-Maine Foods Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 1% on Wednesday.
The Dow traded up 0.28% to 33,094.01 while the NASDAQ rose 1.08% to 13,200.09. The S&amp;P 500 also rose, gaining, 0.55% to 4,252.74.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35083764/over-1m-bet-on-nike-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On Nike? Check Out These 4 Stocks Insiders Are Buying</a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>

Consumer discretionary shares rose by 1.3% on Wednesday.
In trading on Wednesday, energy shares dipped by around 3.1%.
&nbsp; 
<h3>Top Headline</h3>

The ISM services PMI fell to 53.6 in September versus the six-month high level of 54.5 recorded in the previous month.
&nbsp; 
<h3>Equities Trading UP</h3>

BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) shares shot up 11% to $2.00. BranchOut pre-announced third-quarter revenue of roughly $1.1 million.
Shares of Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) got a boost, shooting 42% to $2.71. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.
Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares were also up, gaining 91% to $0.3558 after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist to provide Spark Clear Aligners to its national network of providers.
&nbsp; 
<h3>Equities Trading DOWN</h3>

Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) shares dropped 27% to $2.90 after the company announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.
Shares of A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) were down 31% to $10.43 after the company reported preliminary third-quarter financial results. The company sees quarterly revenue of $56.5 million-$58.5 million, vs. consensus of $74.65 million.
Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) was down, falling 24% to $6.31. Jefferies downgraded Trinseo from Buy to Hold and lowered the price target from $22 to $9.
Also Check This Out:<a href="https://www.benzinga.com/news/23/10/35086733/top-5-health-care-stocks-that-may-plunge-in-october"> Top 5 Health Care Stocks That May Plunge In October</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 4% to $85.63 while gold traded down 0.4% at $1,833.50.
Silver traded down 2% to $20.945 on Wednesday while copper fell 1.6% to $3.5620.
&nbsp; 
<h3>Euro zone</h3>

European shares were mostly lower today. The eurozone&rsquo;s STOXX 600 fell 0.22% London&rsquo;s FTSE 100 fell 0.83% while Spain&rsquo;s IBEX 35 Index fell 0.84% The German DAX fell 0.07% French CAC 40 slipped 0.16%, while Italy&rsquo;s FTSE MIB Index fell 0.56%.
Retail sales in the Eurozone declined by 1.2% month-over-month in August versus a revised 0.1% decline in July. Producer prices in the Eurozone declined by 11.5% year-over-year in August versus a 7.6% fall a month ago. The HCOB Eurozone composite PMI edged higher to 47.2 in September from the preliminary level of 47.1.
Italy&rsquo;s GDP contracted by 0.4% on quarter during the three months leading to June. The S&amp;P Global/CIPS UK services PMI rose to 49.3 in September versus a preliminary level of 47.2, while French services PMI rose to 44.4 in September from flash reading of 43.9. German services PMI increased to 50.3 in September versus the preliminary reading of 49.8.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed lower on Wednesday, with Japan&rsquo;s Nikkei 225 falling 2.28% and Hong Kong&rsquo;s Hang Seng Index falling 0.78%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.5%.
The au Jibun Bank Japan services PMI rose to 53.8 in September versus the preliminary reading of 53.3. The Judo Bank Australian services PMI rose to 51.8 in September compared to 47.8 in the previous month.
&nbsp; 
<h3>Economics</h3>

The ADP said private businesses in the U.S. added 89,000 workers in September, the least since Jan. 2021, and down from market estimates of 153,000.
The S&amp;P Global services PMI was revised lower to 50.1 in September versus the preliminary reading of 50.2.
The S&amp;P Global composite PMI rose to 50.2 in September from the preliminary reading of 50.1.
The ISM services PMI fell to 53.6 in September versus the six-month high level of 54.5 recorded in the previous month.
U.S. factory orders rose by 1.2% from the prior month to $586.1 million in August, versus market expectations for a 0.2% increase.
U.S. crude oil inventories fell by 2.2 million barrels last week, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/23/10/35086481/alphabet-to-rally-over-10-here-are-10-other-analyst-forecasts-for-wednesday"> Alphabet To Rally Over 10%? Here Are 10 Other Analyst Forecasts For Wednesday </a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 108,769,330 cases with around 1,177,850 deaths. India confirmed a total of at least 44,998,910 cases and 531,930 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 696,101,690 cases of COVID-19 worldwide with more than 6,922,740 deaths.
&nbsp;

Crude Oil Falls Sharply; ISM Services PMI Declines In September

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 50 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.17% to 33,059.59 while the NASDAQ rose 0.33% to 13,102.96. The S&amp;P 500 also rose, gaining, 0.22% to 4,238.68.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/10/35083764/over-1m-bet-on-nike-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On Nike? Check Out These 4 Stocks Insiders Are Buying </a>
&nbsp; 
<h3>Leading and Lagging Sectors</h3>

Consumer discretionary shares rose by 0.9% on Wednesday.
In trading on Wednesday, energy shares dipped by around 2.1%.
&nbsp; 
<h3>Top Headline</h3>

The ADP said private businesses in the U.S. added 89,000 workers in September, the least since Jan. 2021, and down from market estimates of 153,000.
&nbsp; 
<h3>Equities Trading UP</h3>

Conduit Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdt#NASDAQ">CDT</a>) shares shot up 68% to $8.15.
Shares of Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) got a boost, shooting 69% to $3.2299. Gaucho Group is planning to list two of its retail properties in Argentina, in San Rafael and Cordoba, for sale, priced at $2 million and $0.7 million respectively.
Vivos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vvos#NASDAQ">VVOS</a>) shares were also up, gaining 55% to $0.2874 after the company announced it executed strategic agreements with Ormco and On Demand Orthodontist to provide Spark Clear Aligners to its national network of providers.
&nbsp; 
<h3>Equities Trading DOWN</h3>

Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) shares dropped 30% to $2.78 after the company announced a $3 million registered direct offering priced at-the-market under Nasdaq rules.
Shares of A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) were down 24% to $11.60 after the company reported preliminary third-quarter financial results. The company sees quarterly revenue of $56.5 million-$58.5 million, vs. consensus of $74.65 million.
Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) was down, falling 23% to $0.1581. Molekule Group and its subsidiary have filed for Chapter 11 bankruptcy and will operate as a debtor in possession, seeking a credit facility of $5 million from dip lenders including Foundry Group Next, Armistice Capital Master Fund, SVBC, Bridge Coast Capital.
Also Check This Out:<a href="https://www.benzinga.com/news/23/10/35086733/top-5-health-care-stocks-that-may-plunge-in-october"> Top 5 Health Care Stocks That May Plunge In October</a>
&nbsp; 
<h3>Commodities</h3>

In commodity news, oil traded down 2.2% to $87.30 while gold traded down 0.1% at $1,841.00.
Silver traded up 0.1% to $21.38 on Wednesday while copper fell 0.3% to $3.6105.
&nbsp; 
<h3>Euro zone</h3>

European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 rose 0.4% London&rsquo;s FTSE 100 fell 0.2% while Spain&rsquo;s IBEX 35 Index fell 0.1% The German DAX rose 0.3% French CAC 40 rose 0.5%, while Italy&rsquo;s FTSE MIB Index rose 0.1%.
Retail sales in the Eurozone declined by 1.2% month-over-month in August versus a revised 0.1% decline in July. Producer prices in the Eurozone declined by 11.5% year-over-year in August versus a 7.6% fall a month ago. The HCOB Eurozone composite PMI edged higher to 47.2 in September from the preliminary level of 47.1.
Italy&rsquo;s GDP contracted by 0.4% on quarter during the three months leading to June. The S&amp;P Global/CIPS UK services PMI rose to 49.3 in September versus a preliminary level of 47.2, while French services PMI rose to 44.4 in September from flash reading of 43.9. German services PMI increased to 50.3 in September versus the preliminary reading of 49.8.
&nbsp; 
<h3>Asia Pacific Markets</h3>

Asian markets closed lower on Wednesday, with Japan&rsquo;s Nikkei 225 falling 2.28% and Hong Kong&rsquo;s Hang Seng Index falling 0.78%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.5%.
The au Jibun Bank Japan services PMI rose to 53.8 in September versus the preliminary reading of 53.3. The Judo Bank Australian services PMI rose to 51.8 in September compared to 47.8 in the previous month.
&nbsp; 
<h3>Economics</h3>

The ADP said private businesses in the U.S. added 89,000 workers in September, the least since Jan. 2021, and down from market estimates of 153,000.
Now Read This: <a href="https://www.benzinga.com/news/23/10/35086481/alphabet-to-rally-over-10-here-are-10-other-analyst-forecasts-for-wednesday"> Alphabet To Rally Over 10%? Here Are 10 Other Analyst Forecasts For Wednesday</a>
&nbsp; 
<h3>COVID-19 Update</h3>

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 108,769,330 cases with around 1,177,850 deaths. India confirmed a total of at least 44,998,910 cases and 531,930 deaths, while France reported over 40,138,560 COVID-19 cases with 167,640 deaths. In total, there were at least 696,101,690 cases of COVID-19 worldwide with more than 6,922,740 deaths.

US Stocks Rise Following ADP Data; Dow Rises Over 50 Points

<h3>Gainers</h3>
<ul>
<li>Pixelworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXLW#NASDAQ">PXLW</a>) shares rose 18.7% to $1.27 during Wednesday's pre-market session. The market value of their outstanding shares is at $71.3 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock rose 10.34% to $0.32. The company's market cap stands at $6.4 million. </li>
<li>LiveVox Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVOX#NASDAQ">LVOX</a>) stock moved upwards by 10.17% to $3.68. The company's market cap stands at $346.6 million. </li>
<li>Airspan Networks Hldgs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MIMO#AMEX">MIMO</a>) stock increased by 9.07% to $0.14. The market value of their outstanding shares is at $10.6 million. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) stock increased by 8.76% to $0.32. The company's market cap stands at $6.2 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 8.43% to $1.8. The market value of their outstanding shares is at $16.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) stock declined by 27.5% to $11.0 during Wednesday's pre-market session. The company's market cap stands at $815.2 million. </li>
<li>AgileThought (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGIL#NASDAQ">AGIL</a>) stock decreased by 12.42% to $0.15. The company's market cap stands at $7.8 million. </li>
<li>Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) shares declined by 8.58% to $3.2. The company's market cap stands at $7.6 million. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares fell 7.5% to $1.11. The company's market cap stands at $3.0 million. </li>
<li>Tempo Automation Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMPO#NASDAQ">TMPO</a>) shares declined by 7.06% to $0.16. The company's market cap stands at $4.8 million. </li>
<li>GSE Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) shares fell 6.44% to $0.19. The company's market cap stands at $4.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASNS

AUUD

LAES

Airspan Networks Holdings Inc. Common Stock

MIMO

TMPO

VISL

WAVD

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

WIIM

A10 Networks shares are trading lower after the company reported preliminary Q3 financial results.

<h3>Gainers</h3>
<ul>
<li>Brainstorm Cell Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcli#NASDAQ">BCLI</a>) shares rose 72.4% to $0.2930 in pre-market trading after falling 15% on Tuesday. Brainstorm Cell Therapeutics recently announced the FDA Advisory Committee voted that NurOwn did not demonstrate substantial evidence of effectiveness for treatment of mild to moderate ALS.</li>
<li>Sonendo, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sonx#NYSE">SONX</a>) shares gained 38% to $0.4416 in pre-market trading after dipping over 55% on Tuesday. Sonendo recently revealed receipt of notice of non-compliance with NYSE trading share price listing rule.</li>
<li>Senti Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snti#NASDAQ">SNTI</a>) shares rose 29.8% to $0.5205 in pre-market trading after falling around 7% on Tuesday. Senti Biosciences recently received a notice of allowance for its U.S. patent application 17/338,528 titled &quot;Chimeric Receptors and Methods of Use Thereof (for Treatment of Acute Myeloid Leukemia).&quot;</li>
<li>Brooge Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brog#NASDAQ">BROG</a>) shares rose 23.5% to $6.78 in pre-market trading after the company announced GULFNAV submitted a proposal to acquire all of its businesses and assets.</li>
<li>Visionary Education Technology Holdings Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vedu#NASDAQ">VEDU</a>) rose 11.6% to $0.1799 in pre-market trading after gaining around 11% on Tuesday.</li>
<li>Trio Petroleum Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpet#NYSE">TPET</a>) rose 11.2% to $0.6660 in pre-market trading after gaining 7% on Tuesday.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares surged 10.8% to $0.2480 in pre-market trading. FLJ Group recently entered into a definitive agreement to acquire Lianlian Holdings Inc.</li>
<li>Globus Maritime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glbs#NASDAQ">GLBS</a>) shares climbed 10.3% to $2.14 in pre-market trading. Globus Maritime regained compliance with NASDAQ&#39;s minimum closing bid price.</li>
<li>FingerMotion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fngr#NASDAQ">FNGR</a>) gained 10.3% to $5.05 in pre-market trading after falling 35% on Tuesday. Capybara Research recently issued a short report on the company titled &quot;FingerMotion: A Serial Case of Stock Promotion That Will End In Shareholder Dilution. $1 Target.&quot;</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) shares jumped 7.1% to $0.44 in pre-market trading. CalAmp is expected to release its fiscal 2024 second quarter financial results on Oct. 5, 2023.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lithium Americas Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lac#NYSE">LAC</a>) fell 28% to $11.65 in pre-market trading. Lithium Americas reported the completion of the reorganization of Lithium Americas into two independent publicly traded companies.</li>
<li>Molekule Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mkul#NASDAQ">MKUL</a>) shares fell 25.6% to $0.1526 in pre-market trading. Molekule Group and its subsidiary have filed for Chapter 11 bankruptcy and will operate as a debtor in possession, seeking a credit facility of $5 million from dip lenders including Foundry Group Next, Armistice Capital Master Fund, SVBC, Bridge Coast Capital.</li>
<li>MSP Recovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lifw#NASDAQ">LIFW</a>) fell 22.6% to $0.1935 in pre-market trading after the company announced a 1-for-25 reverse stock split to regain compliance with Nasdaq&#39;s minimum bid price requirement.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) fell 20.1% to $1.99 in pre-market trading after dipping 36% on Tuesday. The stock has been volatile since the company received FDA 510(k) clearance for FemaSeed, an infertility treatment, towards the end of September.</li>
<li>Petros Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ptpi#NASDAQ">PTPI</a>) fell 16.5% to $1.42 in pre-market trading after declining more than 12% on Tuesday.</li>
<li>AgileThought, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agil#NASDAQ">AGIL</a>) shares fell 15.2% to $0.1442 in pre-market trading after gaining over 6% on Tuesday.</li>
<li>VIQ Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vqs#NASDAQ">VQS</a>) fell 14.7% to $0.1420 in pre-market trading after gaining 27% on Tuesday. Last Wednesday, VIQ Solutions announced the delisting of its stock from the Nasdaq and the resignation of its director.</li>
<li>GSE Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvp#NASDAQ">GVP</a>) fell 12.7% to $0.1807 in pre-market trading.</li>
<li>Cal-Maine Foods, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/calm#NASDAQ">CALM</a>) fell 12.4% to $41.60 in pre-market after the company posted weaker-than-expected sales for its first quarter on Tuesday.</li>
<li>A10 Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aten#NYSE">ATEN</a>) shares fell 11.7% to $13.39 in pre-market trading after the company reported preliminary results for the third quarter. The company expects revenue to be $56.5 million to $58.5 million.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/10/35081467/rpm-international-acuity-brands-and-3-stocks-to-watch-heading-into-wednesday"> RPM International, Acuity Brands And 3 Stocks To Watch Heading Into Wednesday</a>

Pre-Market Outlook

FNGR

PTPI

SNTI

SONX

TPET

VEDU

Why Brooge Energy Shares Are Trading Higher By Around 24%; Here Are 20 Stocks Moving Premarket

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Ever since the rise of computer technology, <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a> have represented an important cog in the innovation ecosystem. However, their pertinence has risen significantly in recent years. First, cyberattacks are becoming increasingly complex and therefore damaging. Recently, Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) stated that it&rsquo;s still dissecting a <a href="https://abcnews.go.com/International/microsoft-russian-state-backed-hack-update/story?id=107927553">data breach that occurred in January</a>. That attack stemmed from a Russian state-sponsored actor, thus underscoring the wide addressable market for undervalued cybersecurity stocks.



Second, artificial intelligence may help shorten the learning curve for novice hackers. That&rsquo;s going to be increasingly problematic as AI becomes further ingrained in everyday society. As a result, these undervalued cybersecurity stocks should attract significant attention.



<h2>Fortinet (FTNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ftnt-stock-1-300x169.jpg" alt="The Fortinet logo on a wall"><div>Source: Sundry Photography / Shutterstock.com</div></div>One of the top undervalued cybersecurity stocks, Fortinet (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/">FTNT</a>) develops and sells security solutions such as firewalls, endpoint security and intrusion detection systems. However, it doesn&rsquo;t have the greatest level of endorsement among analysts with a <a href="https://www.tipranks.com/stocks/ftnt/forecast">consensus hold view</a>. This assessment breaks down as 10 buys, 22 holds and two sells. However, the high-side target lands at $90, indicating sizable upside potential.



Despite some variance in terms of market expectations, overall, the experts have a positive view of Fortinet&rsquo;s projected growth. By the end of this fiscal year, they <a href="https://finance.yahoo.com/quote/ftnt/analysis">anticipate that sales will hit $5.78 billion</a>, up 9% from last year&rsquo;s tally of $5.3 billion. In 2025, they believe a top line of $6.57 billion is possible. If so, that would imply a 13.6% jump from 2024&rsquo;s forecasted revenue.



To be fair, the heightened interest in digital protection means it&rsquo;s rather difficult to find undervalued cybersecurity stocks. Still, FTNT trades at a <a href="https://www.gurufocus.com/stock/FTNT/summary?search=ftnt">price/earnings-to-growth (PEG) ratio of 1.12X</a>. That&rsquo;s lower than the sector median 1.62X. Combined with Fortinet&rsquo;s consistent profitability, it&rsquo;s one of the deals to consider.



<h2>A10 Networks (ATEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/aten-a10-1600-300x169.png" alt="The logo for A10 (ATEN) is seen on the side of a building."><div>Source: Michael Vi / Shutterstock.com</div></div>Specializing in the manufacturing of application delivery controllers, A10 Networks (NYSE:<a href="https://investorplace.com/stock-quotes/aten-stock-quote/">ATEN</a>) offers a wide variety of protective solutions. These include web application firewalls, cloud access proxy and distributed denial-of-service (DDoS) protection. To be fair, ATEN hasn&rsquo;t had the most promising look across the past 52 weeks. Notably, the company&rsquo;s third-quarter earnings report was <a href="https://finance.yahoo.com/news/a10-networks-aten-falls-28-141800625.html">considered dismal</a>.



Still, the overall picture appears positive. Analysts believe that in fiscal 2024, sales should reach $263.74 million. That would be up almost 5% against last year&rsquo;s print of $251.7 million. Circumstances may improve even more by the end of 2025, with sales projected to reach just over $286 million. That would imply an 8.5% gain from 2024&rsquo;s forecasted top line.



One positive related to the messy price action is the valuation. Specifically, ATEN is one of the undervalued cybersecurity stocks, trading at a <a href="https://www.gurufocus.com/stock/ATEN/summary?search=aten">forward earnings multiple of 16.56X</a>. That&rsquo;s lower than the sector median 23.75X.



Lastly, analysts peg shares a <a href="https://www.tipranks.com/stocks/aten/forecast">consensus moderate buy</a> with a $16 price target. The high-side target rises to $17, making ATEN an intriguing proposition.



<h2>Gen Digital (GEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybersecurity1600d-300x169.jpg" alt="A person holding a tablet with a key lock hologram floating above it. Represents cybersecurity stocks."><div>Source: Shutterstock</div></div>A multinational software company, Gen Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/gen-stock-quote/">GEN</a>) provides various solutions to help people and enterprises extract the most out of the digital world safely, privately, and confidently. Its brands include popular labels such as <a href="https://www.gendigital.com/us/en/">Norton and LifeLock</a>. It also owns CCleaner, which is one of the top platforms for computer optimization solutions.



Over the trailing one-year period, GEN stock has enjoyed a robust performance, which isn&rsquo;t surprising. After all, new threats seemingly emerge all the time. Notably, by the end of this fiscal year, experts believe that Gen Digital will ring up sales of $3.81 billion. That&rsquo;s up 14.1% against last year&rsquo;s print of $3.34 billion.



In 2025, they believe revenue of $3.94 billion is in order. If so, that would be 3.5% up 2024&rsquo;s projected top line. Enticingly, GEN stock trades at <a href="https://www.gurufocus.com/stock/GEN/summary?search=gen">only 9.75X forward earnings</a>. Again, that&rsquo;s well below the sector median of 23.75X.



Finally, covering analysts rate GEN a <a href="https://www.tipranks.com/stocks/gen/forecast">consensus strong buy</a> with a $27.25 average price target. Even at the low target of $25, this implies a decent upside return.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-cybersecurity-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Cybersecurity Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Undervalued Cybersecurity Stocks to Buy in March 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Ever since the rise of computer technology, <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a> have represented an important cog in the innovation ecosystem. However, their pertinence has risen significantly in recent years. First, cyberattacks are becoming increasingly complex and therefore damaging. Recently, Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) stated that it&rsquo;s still dissecting a <a href="https://abcnews.go.com/International/microsoft-russian-state-backed-hack-update/story?id=107927553">data breach that occurred in January</a>. That attack stemmed from a Russian state-sponsored actor, thus underscoring the wide addressable market for undervalued cybersecurity stocks.



Second, artificial intelligence may help shorten the learning curve for novice hackers. That&rsquo;s going to be increasingly problematic as AI becomes further ingrained in everyday society. As a result, these undervalued cybersecurity stocks should attract significant attention.



<h2>Fortinet (FTNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ftnt-stock-1-300x169.jpg" alt="The Fortinet logo on a wall"><div>Source: Sundry Photography / Shutterstock.com</div></div>One of the top undervalued cybersecurity stocks, Fortinet (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/">FTNT</a>) develops and sells security solutions such as firewalls, endpoint security and intrusion detection systems. However, it doesn&rsquo;t have the greatest level of endorsement among analysts with a <a href="https://www.tipranks.com/stocks/ftnt/forecast">consensus hold view</a>. This assessment breaks down as 10 buys, 22 holds and two sells. However, the high-side target lands at $90, indicating sizable upside potential.



Despite some variance in terms of market expectations, overall, the experts have a positive view of Fortinet&rsquo;s projected growth. By the end of this fiscal year, they <a href="https://finance.yahoo.com/quote/ftnt/analysis">anticipate that sales will hit $5.78 billion</a>, up 9% from last year&rsquo;s tally of $5.3 billion. In 2025, they believe a top line of $6.57 billion is possible. If so, that would imply a 13.6% jump from 2024&rsquo;s forecasted revenue.



To be fair, the heightened interest in digital protection means it&rsquo;s rather difficult to find undervalued cybersecurity stocks. Still, FTNT trades at a <a href="https://www.gurufocus.com/stock/FTNT/summary?search=ftnt">price/earnings-to-growth (PEG) ratio of 1.12X</a>. That&rsquo;s lower than the sector median 1.62X. Combined with Fortinet&rsquo;s consistent profitability, it&rsquo;s one of the deals to consider.



<h2>A10 Networks (ATEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/aten-a10-1600-300x169.png" alt="The logo for A10 (ATEN) is seen on the side of a building."><div>Source: Michael Vi / Shutterstock.com</div></div>Specializing in the manufacturing of application delivery controllers, A10 Networks (NYSE:<a href="https://investorplace.com/stock-quotes/aten-stock-quote/">ATEN</a>) offers a wide variety of protective solutions. These include web application firewalls, cloud access proxy and distributed denial-of-service (DDoS) protection. To be fair, ATEN hasn&rsquo;t had the most promising look across the past 52 weeks. Notably, the company&rsquo;s third-quarter earnings report was <a href="https://finance.yahoo.com/news/a10-networks-aten-falls-28-141800625.html">considered dismal</a>.



Still, the overall picture appears positive. Analysts believe that in fiscal 2024, sales should reach $263.74 million. That would be up almost 5% against last year&rsquo;s print of $251.7 million. Circumstances may improve even more by the end of 2025, with sales projected to reach just over $286 million. That would imply an 8.5% gain from 2024&rsquo;s forecasted top line.



One positive related to the messy price action is the valuation. Specifically, ATEN is one of the undervalued cybersecurity stocks, trading at a <a href="https://www.gurufocus.com/stock/ATEN/summary?search=aten">forward earnings multiple of 16.56X</a>. That&rsquo;s lower than the sector median 23.75X.



Lastly, analysts peg shares a <a href="https://www.tipranks.com/stocks/aten/forecast">consensus moderate buy</a> with a $16 price target. The high-side target rises to $17, making ATEN an intriguing proposition.



<h2>Gen Digital (GEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybersecurity1600d-300x169.jpg" alt="A person holding a tablet with a key lock hologram floating above it. Represents cybersecurity stocks."><div>Source: Shutterstock</div></div>A multinational software company, Gen Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/gen-stock-quote/">GEN</a>) provides various solutions to help people and enterprises extract the most out of the digital world safely, privately, and confidently. Its brands include popular labels such as <a href="https://www.gendigital.com/us/en/">Norton and LifeLock</a>. It also owns CCleaner, which is one of the top platforms for computer optimization solutions.



Over the trailing one-year period, GEN stock has enjoyed a robust performance, which isn&rsquo;t surprising. After all, new threats seemingly emerge all the time. Notably, by the end of this fiscal year, experts believe that Gen Digital will ring up sales of $3.81 billion. That&rsquo;s up 14.1% against last year&rsquo;s print of $3.34 billion.



In 2025, they believe revenue of $3.94 billion is in order. If so, that would be 3.5% up 2024&rsquo;s projected top line. Enticingly, GEN stock trades at <a href="https://www.gurufocus.com/stock/GEN/summary?search=gen">only 9.75X forward earnings</a>. Again, that&rsquo;s well below the sector median of 23.75X.



Finally, covering analysts rate GEN a <a href="https://www.tipranks.com/stocks/gen/forecast">consensus strong buy</a> with a $27.25 average price target. Even at the low target of $25, this implies a decent upside return.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/the-3-most-undervalued-cybersecurity-stocks-to-buy-in-march-2024/">The 3 Most Undervalued Cybersecurity Stocks to Buy in March 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

In a report released yesterday, Gray Powell from BTIG maintained a Hold rating on A10 Networks (ATEN – Research Report). The company's shares close...

A10 Networks (ATEN) Receives a Hold from BTIG

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Braze (BRZE – Research Report), nCino (NCNO – Rese...

Analysts Offer Insights on Technology Companies: Braze (BRZE), nCino (NCNO) and A10 Networks (ATEN)