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

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

A10 Networks Price Performance

ATEN traded up $0.61 during trading on Tuesday, hitting $20.31. The company had a trading volume of 1,028,405 shares, compared to its average volume of 620,345. A10 Networks has a 1-year low of $12.27 and a 1-year high of $20.49. The company has a market cap of $1.50 billion, a PE ratio of 30.31 and a beta of 1.14. The business has a 50-day moving average of $18.45 and a 200-day moving average of $15.67.

A10 Networks Announces Dividend

The business also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s payout ratio is currently 35.82%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ATEN shares. Craig Hallum lowered shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Finally, BWS Financial upped their price objective on shares of A10 Networks from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Insiders Place Their Bets

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