A10 Networks (NYSE:ATEN) Announces Earnings Results

A10 Networks (NYSE:ATEN) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01, Briefing.com reports. A10 Networks had a net margin of 17.51% and a return on equity of 21.50%. The company had revenue of $60.10 million for the quarter, compared to analyst estimates of $64.30 million. During the same period last year, the business posted $0.14 EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis.

A10 Networks Stock Down 1.0 %

A10 Networks stock traded down $0.13 during mid-day trading on Thursday, hitting $12.96. 250,150 shares of the company’s stock were exchanged, compared to its average volume of 770,095. A10 Networks has a fifty-two week low of $10.03 and a fifty-two week high of $16.46. The firm has a market capitalization of $965.00 million, a P/E ratio of 21.48 and a beta of 1.12. The company’s 50 day simple moving average is $14.00 and its 200-day simple moving average is $13.88.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.24 annualized dividend and a yield of 1.85%. A10 Networks’s dividend payout ratio (DPR) is presently 39.34%.

Analyst Upgrades and Downgrades

ATEN has been the topic of several analyst reports. Craig Hallum upped their price objective on A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. StockNews.com lowered A10 Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 1st. Finally, BWS Financial restated a “buy” rating and issued a $17.00 target price on shares of A10 Networks in a research note on Tuesday, July 9th.

Insider Activity

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

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.