A10 Networks (ATEN) Set to Announce Quarterly Earnings on Tuesday

A10 Networks (NYSE:ATEN) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $70.42 million for the quarter, compared to analysts’ expectations of $76.95 million. A10 Networks had a net margin of 15.88% and a return on equity of 21.67%.

A10 Networks Stock Down 0.3 %

ATEN opened at $13.54 on Friday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 25.55 and a beta of 1.10. A10 Networks has a 52-week low of $10.03 and a 52-week high of $15.99. The firm’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $12.88.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Thursday, February 15th. A10 Networks’s dividend payout ratio is currently 45.28%.

Insider Buying and Selling

In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of A10 Networks stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total transaction of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other A10 Networks news, CFO Brian Becker sold 2,047 shares of A10 Networks stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $13.06, for a total transaction of $26,733.82. Following the transaction, the chief financial officer now directly owns 49,252 shares of the company’s stock, valued at $643,231.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dhrupad Trivedi sold 60,606 shares of A10 Networks stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the transaction, the chief executive officer now directly owns 495,814 shares in the company, valued at $6,579,451.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,644 shares of company stock worth $1,890,109. 5.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, BWS Financial boosted their price target on shares of A10 Networks from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th.

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.