A10 Networks (NYSE:ATEN – Get Free Report) released its quarterly earnings results on Tuesday. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01, Briefing.com reports. The firm had revenue of $60.10 million during the quarter, compared to analyst estimates of $64.30 million. A10 Networks had a net margin of 17.51% and a return on equity of 21.50%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS.
A10 Networks Trading Down 0.8 %
Shares of NYSE:ATEN traded down $0.10 during midday trading on Thursday, reaching $12.99. The company had a trading volume of 1,054,190 shares, compared to its average volume of 772,661. The company’s 50 day moving average price is $14.00 and its 200 day moving average price is $13.88. The stock has a market cap of $967.24 million, a P/E ratio of 21.48 and a beta of 1.12. A10 Networks has a 52-week low of $10.03 and a 52-week high of $16.46.
A10 Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, August 15th. A10 Networks’s dividend payout ratio (DPR) is currently 39.34%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on ATEN
Insider Buying and Selling
In related news, Director Peter Y. Chung sold 3,296,047 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $15.40, for a total value of $50,759,123.80. Following the sale, the director now directly owns 619,166 shares in the company, valued at approximately $9,535,156.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.81% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than A10 Networks
- Are Penny Stocks a Good Fit for Your Portfolio?
- First Solar Stock: The Dawn of a New Rally in Share Prices
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.