A10 Networks, Inc. (NYSE:ATEN) Declares $0.06 Quarterly Dividend

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.06 per share by the communications equipment provider on Monday, December 2nd. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, November 18th.

A10 Networks has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect A10 Networks to earn $0.75 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.0%.

A10 Networks Stock Performance

NYSE ATEN traded up $0.74 during trading on Friday, hitting $16.20. 982,763 shares of the company’s stock traded hands, compared to its average volume of 717,341. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.25 and a beta of 1.11. A10 Networks has a 12-month low of $11.67 and a 12-month high of $16.46. The business has a 50 day moving average of $14.19 and a 200-day moving average of $14.08.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ATEN shares. Craig Hallum downgraded shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday. StockNews.com raised shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

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.