A10 Networks (NYSE:ATEN) Announces Earnings Results – Defense World | Region & Cash


A10 Networks (NYSE:ATEN – Get Rating) released its earnings results on Tuesday. The communications equipment maker reported earnings per share of $0.17 for the quarter, beating analysts’ consensus estimate of $0.15 by $0.02, according to Fidelity Earnings. A10 Networks had a net margin of 38.39% and a return on equity of 19.80%. In the same quarter last year, the company posted earnings per share of $0.10. A10 Networks has updated its FY 2022 guidance to EPS.

A10 Networks is trading down 0.9%

Shares of ATEN stock fell $0.14 on Thursday to reach $15.50. The stock had a trading volume of 730,592 shares compared to an average volume of 988,089. A10 Networks has a 12-month low of $12.27 and a 12-month high of $19.05. The company has a market cap of $1.18 billion, a P/E of 12.11 and a beta of 0.92. The company has a 50-day moving average price of $14.52 and a 200-day moving average price of $14.19.

A10 Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15 will receive a dividend of $0.05. That equates to an annualized dividend of $0.20 and a dividend yield of 1.29%. The ex-dividend date is Friday 12th August. A10 Networks dividend payout ratio (DPR) is 15.63%.

Insider buying and selling

In related news, Director Eric Singer sold 100,000 shares of the company’s shares in a transaction on Monday, May 9th. The shares sold at an average price of $14.16 for a total value of $1,416,000.00. Upon completion of the transaction, the Director now directly owns 305,541 shares of the Company, valued at approximately $4,326,460.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. In separate news from A10 Networks, director Eric Singer sold 100,000 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $14.16 for a total transaction of $1,416,000.00. Following the sale, the Director now directly owns 305,541 shares of the Company, valued at approximately $4,326,460.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this link. In addition, EVP Robert D. Cochran sold 5,000 shares of the company’s stock in a transaction on Monday, May 16. The stock sold at an average price of $15.13 for a total transaction of $75,650.00. Following the sale, the Executive Vice President now directly owns 337,825 shares of the Company’s stock valued at $5,111,292.25. The disclosure for this sale can be found here. Over the past ninety days, insiders sold 383,880 shares of the company’s stock valued at $5,649,804. Company insiders own 14.22% of the company’s shares.

Institutional inflows and outflows

Institutional investors and hedge funds have recently changed their positions in the business. Worth Venture Partners LLC increased its stake in A10 Networks by 1.7% in the first quarter. Worth Venture Partners LLC now owns 84,545 shares of the communications equipment maker, valued at $1,179,000, after purchasing an additional 1,416 shares last quarter. PDT Partners LLC increased its stake in A10 Networks by 205.6% during the first quarter. PDT Partners LLC now owns 69,643 shares of the communications equipment maker, valued at $972,000, after purchasing an additional 46,852 shares last quarter. Quantedge Capital Pte Ltd increased its stake in A10 Networks by 82.2% in the first quarter. Quantedge Capital Pte Ltd now owns 61,600 shares of the communications equipment maker, valued at $859,000, after purchasing an additional 27,800 shares last quarter. UBS Group AG increased its stake in A10 Networks shares by 21.9% in the first quarter. UBS Group AG now owns 41,626 shares of the communications equipment maker, valued at $580,000, after purchasing an additional 7,488 shares last quarter. Finally, US Bancorp DE increased its stake in A10 Networks by 50.7% in the first quarter. US Bancorp DE now owns 35,999 shares of the communications equipment maker, valued at $502,000, after purchasing an additional 12,112 shares last quarter. Institutional investors and hedge funds own 90.19% of the company’s shares.

Company Profile of A10 Networks

(received rating)

A10 Networks, Inc provides networking solutions in America, Japan, other Asia Pacific and EMEA countries. The company offers Thunder Application Delivery Controller (ADC), which provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to improve application and microservice delivery and security; and the Thunder Carrier Grade Networking product, which provides standards-compliant address and protocol translation services for service provider networks.

See also

Earnings History for A10 Networks (NYSE:ATEN)



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