A10 Networks, Inc. (NYSE:ATEN) Declares $0.06 Quarterly Dividend

A10 Networks, Inc. (NYSE:ATEN) declared a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.06 per share by the communications equipment provider on Tuesday, September 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, August 15th.

A10 Networks has a payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.0%.

A10 Networks Price Performance

NYSE ATEN opened at $12.74 on Wednesday. A10 Networks has a 1 year low of $10.03 and a 1 year high of $16.46. The stock has a market capitalization of $948.56 million, a PE ratio of 20.89 and a beta of 1.12. The business’s 50-day moving average is $13.58 and its 200 day moving average is $13.82.

A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. A10 Networks had a return on equity of 21.29% and a net margin of 17.51%. The business had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $64.30 million. During the same quarter last year, the business posted $0.14 EPS. The business’s revenue was down 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that A10 Networks will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on ATEN. BWS Financial reissued a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research report on Tuesday, July 9th. StockNews.com cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Finally, Craig Hallum raised their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st.

Insider Buying and Selling

In other A10 Networks news, Director Peter Y. Chung sold 3,296,047 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $15.40, for a total transaction of $50,759,123.80. Following the completion of the transaction, the director now owns 619,166 shares of the company’s stock, valued at $9,535,156.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.81% of the stock is owned by 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.