A10 Networks (NYSE:ATEN) Issues Quarterly Earnings Results

A10 Networks (NYSE:ATEN) announced its earnings results on Tuesday. The communications equipment provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02, Yahoo Finance reports. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $59.43 million. A10 Networks had a return on equity of 22.85% and a net margin of 17.96%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS.

A10 Networks Price Performance

Shares of ATEN traded down $0.21 during midday trading on Thursday, reaching $15.16. The stock had a trading volume of 569,507 shares, compared to its average volume of 659,614. A10 Networks has a 52 week low of $10.03 and a 52 week high of $15.99. The firm’s 50 day moving average price is $13.55 and its 200-day moving average price is $12.94. The company has a market capitalization of $1.13 billion, a P/E ratio of 25.20 and a beta of 1.13.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio is presently 39.34%.

Insider Transactions at A10 Networks

In related news, CEO Dhrupad Trivedi sold 60,606 shares of A10 Networks stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total value of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares in the company, valued at approximately $6,579,451.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Brian Becker sold 15,000 shares of A10 Networks stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total value of $193,950.00. Following the transaction, the chief financial officer now directly owns 34,252 shares in the company, valued at approximately $442,878.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dhrupad Trivedi sold 60,606 shares of A10 Networks stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares in the company, valued at $6,579,451.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,146 shares of company stock valued at $1,598,166. Corporate insiders own 5.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ATEN. BWS Financial reaffirmed a “buy” rating and set a $17.00 target price on shares of A10 Networks in a research note on Wednesday. Craig Hallum boosted their price objective on A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday.

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.