A10 Networks (NYSE:ATEN) Posts Earnings Results, Beats Expectations By $0.03 EPS

A10 Networks (NYSE:ATEN) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03, Zacks reports. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%.

A10 Networks Trading Down 0.4 %

Shares of ATEN traded down $0.09 during midday trading on Wednesday, hitting $20.19. The stock had a trading volume of 88,641 shares, compared to its average volume of 594,536. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.49. The business has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $15.76. The firm has a market cap of $1.49 billion, a P/E ratio of 29.87 and a beta of 1.14.

A10 Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.19%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Insider Activity at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of the sale, the executive vice president now owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial restated a “buy” rating and issued a $24.00 price target on shares of A10 Networks in a research report on Wednesday. Finally, Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday, November 8th.

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.