A10 Networks (ATEN) Projected to Post Earnings on Tuesday

A10 Networks (NYSE:ATEN - Get Free Report) is projected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $71.82 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The communications equipment provider reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. A10 Networks had a return on equity of 22.69% and a net margin of 19.29%. The firm had revenue of $66.72 million during the quarter, compared to analyst estimates of $63.78 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The business's quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts expect A10 Networks to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A10 Networks Stock Performance

ATEN traded up $0.57 during trading on Tuesday, reaching $19.12. 632,072 shares of the company traded hands, compared to its average volume of 599,222. The company has a market cap of $1.41 billion, a P/E ratio of 28.53 and a beta of 1.14. A10 Networks has a 12-month low of $12.27 and a 12-month high of $19.63. The firm has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $15.48.

A10 Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.24 annualized dividend and a yield of 1.26%. A10 Networks's payout ratio is 35.82%.

Analyst Ratings Changes

ATEN has been the topic of several research reports. BWS Financial lifted their target price on A10 Networks from $17.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. StockNews.com raised shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Finally, Craig Hallum cut shares of A10 Networks from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. in a research note on Friday, November 8th.

Insiders Place Their Bets

In other news, EVP Karen S. Thomas sold 6,162 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $16.70, for a total value of $102,905.40. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.81% of the company's stock.

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.