A10 Networks (NYSE:ATEN – Get Rating) is expected to release its quarterly earnings data after the market close on Tuesday, August 2nd. Analysts expect the company to report earnings of $0.15 per share for the quarter. Those interested in participating in the company’s conference call can do so via this link.
A10 Networks (NYSE:ATEN – Get Rating) last announced its earnings results on Tuesday, May 3rd. The communications equipment maker reported $0.08 EPS for the quarter, beating analysts’ consensus estimate of $0.05 by $0.03. A10 Networks had a return on equity of 20.46% and a net margin of 38.23%. The company had revenue of $62.67 million for the quarter, compared to analysts’ expectations of $61.00 million. In the same period last year, the company earned $0.06 per share.
A10 Networks stock performance
A10 Networks shares opened at $14.13 on Tuesday. A10 Networks has a yearly low of $10.93 and a yearly high of $19.05. The stock’s 50-day moving average is $14.50 and the 200-day moving average is $14.16. The stock has a market cap of $1.07 billion, a P/E of 11.49, and a beta of 0.94.
A10 Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record were paid a dividend of $0.05 on Monday, May 16th. The ex-dividend date was Friday May 13th. That equates to a dividend of $0.20 on an annualized basis and a yield of 1.42%. A10 Networks’ payout ratio is currently 16.26%.
Analysts set new price targets
Separately, StockNews.com began reporting on A10 Networks in a report Thursday, March 31st. They give the stock a “buy” rating.
Insider buying and selling at A10 Networks
In other news from A10 Networks, EVP Robert D. Cochran sold 2,633 shares of the company’s stock in a transaction on Friday, May 6th. The stock sold at an average price of $15.01 for a total transaction of $39,521.33. Following the sale, the Executive Vice President now directly owns 342,825 shares of the Company, valued at $5,145,803.25. The transaction was disclosed in a legal filing with the SEC available at this hyperlink. In other news, Director Eric Singer sold 21,949 shares of the company’s stock in a transaction Tuesday, June 7th. The stock sold at an average price of $15.85 for a total transaction of $347,891.65. Upon completion of the transaction, the Director now owns 51,190 shares of the Company, valued at $811,361.50. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, EVP Robert D. Cochran sold 2,633 shares of the company’s shares in a transaction on Friday, May 6th. The shares sold at an average price of $15.01 for a total value of $39,521.33. Following the transaction, the Executive Vice President now owns 342,825 shares of the Company, valued at approximately $5,145,803.25. The disclosure for this sale can be found here. Insiders have sold a total of 491,308 shares of the company’s shares worth $7,273,989 over the past ninety days. 14.22% of the shares are currently owned by company insiders.
Institutional inflows and outflows
Institutional investors and hedge funds have recently added to or reduced their holdings in the stock. Ensign Peak Advisors Inc acquired a new interest in A10 Networks stock valued at approximately $41,000 during the first quarter. Great West Life Assurance Co. Can increased its stake in A10 Networks by 97.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider, valued at $44,000, after buying an additional 1,472 shares last quarter. Captrust Financial Advisors bought a new position in A10 Networks for approximately $47,000 during the first quarter. American Century Companies Inc. bought a new position in A10 Networks valued at approximately $141,000 during the first quarter. Finally, Mackenzie Financial Corp bought a new position in A10 Networks worth about $150,000 during the first quarter. Hedge funds and other institutional investors own 90.19% of the company’s shares.
Company Profile of A10 Networks
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 the delivery and security of applications and microservices; and the Thunder Carrier Grade Networking product, which provides standards-compliant address and protocol translation services for service provider networks.
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to firstname.lastname@example.org.
Should You Invest $1,000 in A10 Networks Now?
Before you consider A10 Networks, you should hear this.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and A10 Networks wasn’t on the list.
While A10 Networks is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.
Check out the 5 stocks here