A10 Networks (ATEN) Projected to Post Quarterly Earnings on Tuesday

A10 Networks (NYSE:ATEN) is projected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $71,817.50 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last announced its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The business had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts expect A10 Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $18.55 on Tuesday. The business’s 50 day moving average price is $18.17 and its 200-day moving average price is $15.48. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $19.63. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 27.69 and a beta of 1.14.

A10 Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.29%. A10 Networks’s payout ratio is 35.82%.

Insider Activity at A10 Networks

In related news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at $397,443.30. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ATEN has been the topic of a number of research analyst reports. BWS Financial upped their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 8th. Finally, StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.