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

A10 Networks (NYSE:ATEN) is projected to release its earnings data 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. Investors that wish to register for the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $63.78 million. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. 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 Stock Performance

ATEN opened at $19.62 on Monday. The business’s fifty day moving average is $18.45 and its 200-day moving average is $15.67. A10 Networks has a 52-week low of $12.27 and a 52-week high of $20.02. The firm has a market cap of $1.45 billion, a P/E ratio of 29.28 and a beta of 1.14.

A10 Networks Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, November 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ATEN. BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Finally, Craig Hallum cut A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the stock in a transaction dated 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 $397,443.30. This represents a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.81% of the stock is currently owned by 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.