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

A10 Networks (NYSE:ATEN) issued its earnings results on Tuesday. The communications equipment provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03, Zacks reports. A10 Networks had a net margin of 19.29% and a return on equity of 22.69%.

A10 Networks Stock Performance

NYSE ATEN traded up $0.61 during trading hours on Tuesday, reaching $20.31. The company’s stock had a trading volume of 1,028,405 shares, compared to its average volume of 620,345. A10 Networks has a fifty-two week low of $12.27 and a fifty-two week high of $20.49. The stock has a market cap of $1.50 billion, a PE ratio of 30.31 and a beta of 1.14. The company’s 50-day moving average is $18.45 and its two-hundred day moving average is $15.67.

A10 Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, November 18th. A10 Networks’s payout ratio is currently 35.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATEN shares. StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Craig Hallum downgraded A10 Networks from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Friday, November 8th. Finally, BWS Financial increased their price objective on A10 Networks from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Insider Activity

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 $397,443.30. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 5.82% 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.