A10 Networks (NYSE:ATEN) Issues Quarterly Earnings Results

A10 Networks (NYSE:ATEN) issued its earnings results on Tuesday. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02, Yahoo Finance reports. The firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $59.43 million. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share.

A10 Networks Trading Up 17.7 %

Shares of ATEN opened at $15.38 on Thursday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 29.01 and a beta of 1.10. A10 Networks has a 12 month low of $10.03 and a 12 month high of $15.99. The firm has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $12.94.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. A10 Networks’s dividend payout ratio (DPR) is presently 45.28%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATEN. Craig Hallum boosted their price target on shares of A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday. BWS Financial reissued a “buy” rating and issued a $17.00 target price on shares of A10 Networks in a research note on Wednesday.

Insiders Place Their Bets

In related news, CFO Brian Becker sold 4,348 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $57,437.08. Following the transaction, the chief financial officer now directly owns 51,299 shares in the company, valued at $677,659.79. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Brian Becker sold 4,348 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $57,437.08. Following the completion of the sale, the chief financial officer now owns 51,299 shares in the company, valued at approximately $677,659.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dhrupad Trivedi sold 8,679 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $113,347.74. Following the transaction, the chief executive officer now owns 556,420 shares in the company, valued at approximately $7,266,845.20. The disclosure for this sale can be found here. Insiders have sold 121,146 shares of company stock valued at $1,598,166 in the last three months. 5.82% of the stock is currently owned by corporate insiders.

A10 Networks Company Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.