A10 Networks (ATEN) Set to Announce Earnings on Thursday

A10 Networks (NYSE:ATEN) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, July 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. A10 Networks had a net margin of 17.51% and a return on equity of 21.29%. The business had revenue of $60.10 million for the quarter, compared to analyst estimates of $64.30 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s quarterly revenue was down 8.7% on a year-over-year basis. 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 Up 0.5 %

Shares of NYSE ATEN opened at $14.74 on Thursday. The stock has a fifty day moving average price of $13.99 and a 200 day moving average price of $14.00. A10 Networks has a 12-month low of $10.63 and a 12-month high of $16.46. The company has a market cap of $1.10 billion, a P/E ratio of 24.07 and a beta of 1.11.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. BWS Financial reiterated a “buy” rating and set a $17.00 price objective on shares of A10 Networks in a research note on Tuesday, July 9th.

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.