A10 Networks (NYSE:ATEN – Get Free Report) announced its quarterly earnings data on Tuesday. The communications equipment provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02, Yahoo Finance reports. A10 Networks had a net margin of 17.96% and a return on equity of 22.85%. The company had revenue of $60.70 million during the quarter, compared to the consensus estimate of $59.43 million. During the same quarter last year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis.
A10 Networks Price Performance
A10 Networks stock traded down $0.17 during midday trading on Thursday, hitting $15.20. The company’s stock had a trading volume of 335,477 shares, compared to its average volume of 656,627. A10 Networks has a 1-year low of $10.03 and a 1-year high of $15.99. The company has a 50-day moving average price of $13.55 and a two-hundred day moving average price of $12.94. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 25.20 and a beta of 1.13.
A10 Networks Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio (DPR) is 39.34%.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of research analysts have recently commented on ATEN shares. BWS Financial reissued a “buy” rating and issued a $17.00 price objective on shares of A10 Networks in a research report on Wednesday. Craig Hallum lifted their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday.
Read Our Latest Stock Analysis on ATEN
About A10 Networks
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.
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