A10 Networks (NYSE:ATEN – Get Free Report) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02, Yahoo Finance reports. A10 Networks had a return on equity of 22.85% and a net margin of 17.96%. The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $59.43 million. During the same quarter in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year.
A10 Networks Stock Performance
Shares of NYSE:ATEN traded down $0.17 during trading hours on Thursday, hitting $15.20. The stock had a trading volume of 335,477 shares, compared to its average volume of 656,627. The stock’s fifty day simple moving average is $13.55 and its 200 day simple moving average is $12.94. A10 Networks has a 1-year low of $10.03 and a 1-year high of $15.99. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.20 and a beta of 1.13.
A10 Networks Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. A10 Networks’s payout ratio is currently 39.34%.
Insider Buying and Selling at A10 Networks
Analyst Ratings Changes
A number of analysts have recently commented on ATEN shares. BWS Financial restated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a report on Wednesday. Craig Hallum increased their price target on A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday.
Check Out Our Latest Analysis on A10 Networks
About A10 Networks
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.
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