A10 Networks (NYSE:ATEN) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

A10 Networks (NYSE:ATEN) announced its earnings results on Tuesday. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03, Zacks reports. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%.

A10 Networks Trading Up 3.1 %

Shares of ATEN traded up $0.61 during midday trading on Tuesday, hitting $20.31. The stock had a trading volume of 1,029,516 shares, compared to its average volume of 620,633. The business has a 50-day simple moving average of $18.45 and a two-hundred day simple moving average of $15.67. The firm has a market cap of $1.50 billion, a P/E ratio of 30.31 and a beta of 1.14. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.49.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, November 18th. A10 Networks’s dividend payout ratio is presently 35.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Craig Hallum cut shares of A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, November 8th. BWS Financial lifted their price target on shares of A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

Insider Activity

In related news, EVP Karen S. Thomas sold 6,162 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total transaction of $102,905.40. Following the transaction, the executive vice president now directly owns 23,799 shares of the company’s stock, valued at approximately $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.82% of the stock is owned by company insiders.

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.