A10 Networks (ATEN) to Release Quarterly Earnings on Tuesday

A10 Networks (NYSE:ATEN) will release its earnings results after the market closes on Tuesday, July 30th. Analysts expect A10 Networks to post earnings of $0.18 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. A10 Networks had a net margin of 17.96% and a return on equity of 22.42%. The business had revenue of $60.70 million during the quarter, compared to the consensus estimate of $59.43 million. During the same quarter in the previous year, the firm earned $0.09 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.

A10 Networks Price Performance

Shares of NYSE:ATEN opened at $14.25 on Monday. A10 Networks has a 12 month low of $10.03 and a 12 month high of $16.46. The firm has a market capitalization of $1.06 billion, a P/E ratio of 23.36 and a beta of 1.12. The company’s fifty day moving average price is $14.11 and its 200 day moving average price is $13.88.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, May 14th. A10 Networks’s payout ratio is 39.34%.

Insider Buying and Selling at A10 Networks

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of A10 Networks stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $15.40, for a total value of $50,759,123.80. Following the transaction, the director now directly owns 619,166 shares in the company, valued at approximately $9,535,156.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BWS Financial restated a “buy” rating and set a $17.00 price target on shares of A10 Networks in a research note on Tuesday, July 9th. StockNews.com lowered shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Finally, Craig Hallum lifted their target price on shares of A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, May 1st.

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.