A10 Networks (NYSE:ATEN – Get Free Report) issued its quarterly earnings data on Tuesday. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02, Yahoo Finance reports. The company had revenue of $60.70 million for the quarter, compared to analyst estimates of $59.43 million. A10 Networks had a return on equity of 22.85% and a net margin of 17.96%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share.
A10 Networks Trading Up 17.7 %
Shares of ATEN opened at $15.37 on Thursday. A10 Networks has a twelve month low of $10.03 and a twelve month high of $15.99. The stock’s 50 day moving average is $13.55 and its two-hundred day moving average is $12.94. The firm has a market capitalization of $1.15 billion, a PE ratio of 25.20 and a beta of 1.13.
A10 Networks Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, May 14th. A10 Networks’s dividend payout ratio is presently 39.34%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on ATEN
Insider Buying and Selling at A10 Networks
In other A10 Networks news, CFO Brian Becker sold 2,047 shares of A10 Networks stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brian Becker sold 2,047 shares of A10 Networks stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total transaction of $26,733.82. Following the completion of the transaction, the chief financial officer now directly owns 49,252 shares in the company, valued at approximately $643,231.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dhrupad Trivedi sold 8,679 shares of A10 Networks stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $113,347.74. Following the transaction, the chief executive officer now owns 556,420 shares of the company’s stock, valued at $7,266,845.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,146 shares of company stock valued at $1,598,166. 5.81% of the stock is owned by corporate 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.
Recommended Stories
- Five stocks we like better than A10 Networks
- Why is the Ex-Dividend Date Significant to Investors?
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- What is the Shanghai Stock Exchange Composite Index?
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- Investing in the High PE Growth Stocks
- Zillow’s Earnings Dip: An Opportunity for Visionaries
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.