A10 Networks (ATEN) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

A10 Networks (NYSE:ATEN) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.10, MarketWatch Earnings reports. The firm had revenue of $60.50 million during the quarter, compared to the consensus estimate of $58.00 million. A10 Networks had a negative return on equity of 22.63% and a negative net margin of 11.29%.

Shares of A10 Networks stock traded up $0.37 during trading hours on Wednesday, hitting $6.07. 23,596 shares of the company’s stock traded hands, compared to its average volume of 319,840. A10 Networks has a twelve month low of $5.51 and a twelve month high of $8.25.

In other news, CFO Thomas Constantino sold 15,129 shares of the firm’s stock in a transaction dated Friday, October 19th. The stock was sold at an average price of $5.93, for a total transaction of $89,714.97. Following the completion of the sale, the chief financial officer now directly owns 159,871 shares in the company, valued at $948,035.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.87% of the stock is owned by company insiders.

A hedge fund recently raised its stake in A10 Networks stock. Bank of New York Mellon Corp grew its holdings in shares of A10 Networks Inc (NYSE:ATEN) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 240,757 shares of the communications equipment provider’s stock after acquiring an additional 16,149 shares during the period. Bank of New York Mellon Corp owned about 0.34% of A10 Networks worth $1,500,000 as of its most recent SEC filing. Institutional investors own 62.34% of the company’s stock.

Separately, Zacks Investment Research downgraded A10 Networks from a “hold” rating to a “sell” rating in a research note on Monday, September 10th.

About A10 Networks

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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Earnings History for A10 Networks (NYSE:ATEN)

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