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

A10 Networks, Inc. (NYSE:ATEN) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, March 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, February 14th.

A10 Networks has increased its dividend by an average of 68.7% per year over the last three years. A10 Networks has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.71 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 33.8%.

A10 Networks Stock Performance

ATEN stock traded up $0.54 during midday trading on Wednesday, reaching $20.82. 926,738 shares of the company traded hands, compared to its average volume of 632,639. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 31.07 and a beta of 1.14. The business has a 50 day moving average of $18.58 and a 200-day moving average of $15.76. A10 Networks has a 52-week low of $12.27 and a 52-week high of $20.89.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. Research analysts anticipate that A10 Networks will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATEN has been the subject of several recent analyst reports. StockNews.com upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Craig Hallum boosted their price target on A10 Networks from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, BWS Financial reissued a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a report on Wednesday.

Insider Transactions at A10 Networks

In other A10 Networks news, EVP Karen S. Thomas sold 6,162 shares of the 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 sale, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.82% of the company’s stock.

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.