Why A10 Networks (ATEN) Shares Are Trading Lower

A10 Networks Inc ATEN shares are trading lower by 15.1% to $16.59 during Thursday’s session. The company announced a $200 million convertible senior note offering.

What To Know: A10 Networks announced the pricing of its $200 million convertible senior notes offering, set to close on March 17, 2025. The notes, due 2030, carry a 2.75% annual interest rate and an initial conversion price of $23.46 per share, a 20% premium over the March 12 closing price.

Holders can convert under specific conditions, with full conversion allowed after December 1, 2029. If stock price conditions are met, the company may redeem the notes starting in 2028. Net proceeds of $193.8 million will fund a $44.2 million stock repurchase and general corporate purposes.

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How To Buy ATEN Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in A10 Networks ATEN's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, ATEN has a 52-week high of $21.90 and a 52-week low of $12.27.