A10 Networks (NYSE:ATEN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

A10 Networks (NYSE:ATEN) released its earnings results on Tuesday. The communications equipment provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02, Yahoo Finance reports. The business had revenue of $60.70 million for the quarter, compared to the consensus estimate of $59.43 million. A10 Networks had a net margin of 17.96% and a return on equity of 22.85%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS.

A10 Networks Trading Down 0.8 %

NYSE:ATEN traded down $0.13 on Thursday, hitting $15.24. 458,612 shares of the company’s stock traded hands, compared to its average volume of 658,205. The firm has a 50-day moving average price of $13.55 and a 200-day moving average price of $12.94. The company has a market cap of $1.14 billion, a PE ratio of 25.20 and a beta of 1.13. A10 Networks has a 1 year low of $10.03 and a 1 year high of $15.99.

A10 Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio is currently 39.34%.

Analyst Ratings Changes

ATEN has been the subject of several analyst reports. BWS Financial reaffirmed a “buy” rating and set a $17.00 target price on shares of A10 Networks in a report on Wednesday. Craig Hallum upped their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 8,679 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $13.06, for a total value of $113,347.74. Following the completion of the sale, the chief executive officer now owns 556,420 shares in the company, valued at approximately $7,266,845.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other A10 Networks news, CEO Dhrupad Trivedi sold 8,679 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $113,347.74. Following the transaction, the chief executive officer now directly owns 556,420 shares of the company’s stock, valued at approximately $7,266,845.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brian Becker sold 4,348 shares of A10 Networks stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $57,437.08. Following the sale, the chief financial officer now owns 51,299 shares of the company’s stock, valued at $677,659.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,146 shares of company stock worth $1,598,166. 5.81% of the stock is owned by company 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.