A10 Networks (ATEN) Expected to Announce Quarterly Earnings on Tuesday

A10 Networks (NYSE:ATEN) is expected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect A10 Networks to post earnings of $0.22 per share and revenue of $71.82 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $66.72 million during the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, analysts expect A10 Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A10 Networks Trading Down 1.3 %

Shares of ATEN opened at $19.62 on Monday. The stock has a market cap of $1.45 billion, a P/E ratio of 29.28 and a beta of 1.14. The company has a 50-day moving average of $18.45 and a two-hundred day moving average of $15.67. A10 Networks has a 12-month low of $12.27 and a 12-month high of $20.02.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.06 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. A10 Networks’s payout ratio is 35.82%.

Insider Activity

In other news, EVP Karen S. Thomas sold 6,162 shares of A10 Networks stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares in the company, valued at $397,443.30. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.