A10 Networks (NYSE:ATEN) Sets New 12-Month High – Here’s Why

A10 Networks, Inc. (NYSE:ATEN)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $33.48 and last traded at $32.9860, with a volume of 77234 shares changing hands. The stock had previously closed at $32.66.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATEN. Mizuho increased their price target on A10 Networks from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday. Loop Capital set a $25.00 price objective on A10 Networks in a research report on Monday, March 9th. Sidoti reissued a “neutral” rating and set a $24.00 target price on shares of A10 Networks in a research note on Monday, April 20th. Zacks Research upgraded shares of A10 Networks from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, DNB Markets set a $9.00 price target on shares of A10 Networks in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and a consensus target price of $24.29.

A10 Networks Trading Up 0.1%

The company has a quick ratio of 3.56, a current ratio of 3.71 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $2.35 billion, a P/E ratio of 52.73 and a beta of 1.20. The business has a fifty day moving average price of $27.84 and a 200 day moving average price of $22.10.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a return on equity of 25.00% and a net margin of 14.90%.The business had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. During the same period last year, the company earned $0.20 earnings per share. A10 Networks’s quarterly revenue was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. On average, analysts expect that A10 Networks, Inc. will post 0.83 earnings per share for the current fiscal year.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 15th. A10 Networks’s dividend payout ratio (DPR) is currently 38.71%.

Insider Activity

In other news, Director Eric Singer sold 24,698 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total value of $672,032.58. Following the sale, the director owned 68,806 shares of the company’s stock, valued at $1,872,211.26. The trade was a 26.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in A10 Networks during the 4th quarter worth about $26,000. Jones Financial Companies Lllp grew its holdings in shares of A10 Networks by 271.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,560 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 1,140 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of A10 Networks by 92.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 1,083 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in A10 Networks by 4,621.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 2,357 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in A10 Networks by 2,829.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 2,405 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

A10 Networks Company Profile

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.