Analysts predict that A10 Networks Inc (NYSE:ATEN) will announce earnings per share of ($0.04) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for A10 Networks’ earnings. A10 Networks reported earnings per share of $0.02 in the same quarter last year, which suggests a negative year over year growth rate of 300%. The company is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that A10 Networks will report full year earnings of ($0.02) per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $0.10 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for A10 Networks.
A10 Networks (NYSE:ATEN) last released its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $50.30 million for the quarter, compared to the consensus estimate of $51.66 million. A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. A10 Networks’s revenue was up 2.2% on a year-over-year basis.
Several analysts have recently commented on the company. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, June 4th. ValuEngine cut Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 25th.
In other A10 Networks news, CFO Thomas Constantino sold 15,492 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $6.98, for a total transaction of $108,134.16. Following the transaction, the chief financial officer now directly owns 210,816 shares in the company, valued at $1,471,495.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 26,379 shares of company stock worth $178,699. Corporate insiders own 28.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its stake in shares of A10 Networks by 69.8% in the first quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 1,751 shares during the period. Teton Advisors Inc. grew its position in A10 Networks by 13.3% during the first quarter. Teton Advisors Inc. now owns 17,000 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 2,000 shares in the last quarter. Northern Trust Corp grew its position in A10 Networks by 0.3% during the fourth quarter. Northern Trust Corp now owns 619,058 shares of the communications equipment provider’s stock worth $3,862,000 after buying an additional 2,011 shares in the last quarter. Citigroup Inc. grew its position in A10 Networks by 11.5% during the fourth quarter. Citigroup Inc. now owns 20,851 shares of the communications equipment provider’s stock worth $130,000 after buying an additional 2,157 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its position in A10 Networks by 102.9% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock worth $59,000 after buying an additional 4,282 shares in the last quarter. Institutional investors own 65.90% of the company’s stock.
Shares of A10 Networks stock traded up $0.26 during midday trading on Wednesday, hitting $7.60. The company’s stock had a trading volume of 987,700 shares, compared to its average volume of 398,960. The stock has a market cap of $564.65 million, a price-to-earnings ratio of -34.50 and a beta of 0.75. The company’s 50-day simple moving average is $6.57. A10 Networks has a 1-year low of $5.51 and a 1-year high of $7.67.
A10 Networks Company Profile
A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. The company offers Thunder application delivery controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.
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