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

A10 Networks (NYSE:ATEN - Get Free Report) issued its quarterly earnings results on Tuesday. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.03, Zacks reports. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%.

A10 Networks Price Performance

Shares of NYSE:ATEN traded down $0.05 during trading on Friday, reaching $20.50. 545,622 shares of the stock were exchanged, compared to its average volume of 661,918. A10 Networks has a 1-year low of $12.27 and a 1-year high of $20.96. The stock has a fifty day moving average of $18.79 and a two-hundred day moving average of $15.88. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 30.60 and a beta of 1.14.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.17%. A10 Networks's dividend payout ratio (DPR) is presently 35.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATEN shares. StockNews.com upgraded A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, October 16th. Craig Hallum boosted their target price on shares of A10 Networks from $16.00 to $18.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, BWS Financial reissued a "buy" rating and set a $24.00 target price on shares of A10 Networks in a research note on Wednesday.

Insider Buying and Selling

In related news, EVP Karen S. Thomas sold 6,162 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $16.70, for a total value of $102,905.40. Following the transaction, the executive vice president now owns 23,799 shares of the company's stock, valued at approximately $397,443.30. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.81% 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.