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

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, December 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, November 17th.

A10 Networks has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect A10 Networks to earn $0.79 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 30.4%.

A10 Networks Stock Performance

Shares of A10 Networks stock traded up $0.72 on Wednesday, hitting $18.24. The stock had a trading volume of 56,171 shares, compared to its average volume of 863,637. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 26.82 and a beta of 1.27. The business’s 50 day moving average is $17.87 and its two-hundred day moving average is $17.84. The company has a quick ratio of 4.04, a current ratio of 4.23 and a debt-to-equity ratio of 1.07. A10 Networks has a twelve month low of $13.81 and a twelve month high of $21.90.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $74.68 million for the quarter, compared to analyst estimates of $70.70 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%.The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Analysts forecast that A10 Networks will post 0.69 EPS for the current year.

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.