A10 Networks (ATEN) Set to Announce Quarterly Earnings on Tuesday

A10 Networks (NYSE:ATEN) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The company had revenue of $70.42 million for the quarter, compared to analyst estimates of $76.95 million.

A10 Networks Stock Performance

Shares of ATEN opened at $13.18 on Tuesday. A10 Networks has a 52 week low of $10.03 and a 52 week high of $15.99. The company has a market capitalization of $981.91 million, a PE ratio of 24.87 and a beta of 1.10. The company’s 50 day moving average price is $13.44 and its 200 day moving average price is $12.83.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 15th. A10 Networks’s dividend payout ratio is currently 45.28%.

Insider Activity at A10 Networks

In other A10 Networks news, CEO Dhrupad Trivedi sold 21,498 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $13.58, for a total value of $291,942.84. Following the completion of the sale, the chief executive officer now directly owns 461,507 shares of the company’s stock, valued at $6,267,265.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Brian Becker sold 2,047 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $26,733.82. Following the transaction, the chief financial officer now owns 49,252 shares of the company’s stock, valued at approximately $643,231.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dhrupad Trivedi sold 21,498 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $13.58, for a total value of $291,942.84. Following the completion of the sale, the chief executive officer now owns 461,507 shares of the company’s stock, valued at $6,267,265.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,828 shares of company stock valued at $2,032,990. 5.82% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, BWS Financial lifted their price objective on A10 Networks from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th.

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.