A10 Networks, Inc. (NYSE:ATEN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of A10 Networks, Inc. (NYSE:ATEN) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.00.

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of A10 Networks in a report on Wednesday, October 8th. Wall Street Zen cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th.

Institutional Investors Weigh In On A10 Networks

Several institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in A10 Networks by 271.4% in the third quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 1,140 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of A10 Networks during the 3rd quarter worth approximately $49,000. CWM LLC boosted its holdings in shares of A10 Networks by 38.1% in the 3rd quarter. CWM LLC now owns 3,640 shares of the communications equipment provider’s stock valued at $66,000 after buying an additional 1,005 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of A10 Networks by 120.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,898 shares of the communications equipment provider’s stock valued at $114,000 after buying an additional 3,225 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in A10 Networks during the 1st quarter worth $188,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

A10 Networks Trading Down 0.6%

ATEN opened at $18.02 on Friday. The business has a fifty day moving average price of $17.58 and a 200 day moving average price of $17.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 3.64 and a quick ratio of 3.49. A10 Networks has a 12 month low of $13.81 and a 12 month high of $21.90. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 26.49 and a beta of 1.27.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, November 4th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The business had revenue of $74.68 million during the quarter, compared to analysts’ expectations of $70.70 million. During the same quarter last year, the business posted $0.21 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. A10 Networks’s payout ratio is 35.29%.

About A10 Networks

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.