Tech Sector Weekly Losers: A10 Networks Inc (NYSE:ATEN), GrubHub Inc (NYSE:GRUB), Wipro Limited (ADR) (NYSE:WIT), Unisys Corporation (NYSE:UIS)

A10 Networks (NYSE:ATEN), a technology leader in application networking, announced that it has hired Terrence Gareau as Principal Research Scientist. In this new role, Gareau will build a security engineering and response team, providing A10 ADC (application delivery controller), CGN (carrier grade networking) and standalone DDoS (distributed denial of service) customers with in-depth DDoS research and advisories. Additional intelligence gathering and threat advisories will further assist customers in protecting their networks from the rising incidence, volume and sophistication of crippling DDoS attacks. Prior to joining A10 Networks, Gareau founded and led PLXsert, a well-respected DDoS service from Prolexic (recently acquired by Akamai). A10 Networks Inc (NYSE:ATEN) shares after opening at $12.93 moved to $13.06 on last trade day and at the end of the day closed at $12.75. Company price to sales ratio in past twelve months was calculated as 5.31 and price to cash ratio as 36.18. A10 Networks Inc (NYSE:ATEN) showed a negative weekly performance of -13.50%.

GrubHub Inc (NYSE:GRUB), the owner of popular online food-delivery services GrubHub andSeamless, agreed to restructure its billing formula Wednesday after a year-long investigation by the New York state attorney general found that the company’s restaurant partners were withholding tips from their delivery workers.  GrubHub Inc (NYSE:GRUB) shares fell -3.46% in last trading session and ended the day on $31.26. GRUB return on equity ratio is recorded as 0.70% and its return on assets is 0.50%.

Wipro Limited (NYSE:WIT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Wednesday. The firm currently has a $14.50 price target on the stock. Zacks‘s price objective points to a potential upside of 22.88% from the stock’s previous close.Wipro Limited (ADR) (NYSE:WIT) shares moved down -0.84% in last trading session and was closed at $11.80, while trading in range of $11.72-$11.89. Wipro Limited (ADR) (NYSE:WIT) year to date performance is -5.90%.

However, even with the diversified business model, the Unisys Corporation (NYSE:UIS) failed to attain success in the recent quarter. As with the previous quarters, the company ended up in losses and deep in the red this time around. Unisys Corporation (NYSE:UIS) weekly performance is -13.69%. On last trading day company shares ended up $25.03. Unisys Corporation (NYSE:UIS) distance from 50-day simple moving average is -19.44%. Analysts mean target price for the company is $41.33.

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