A10 Networks, Inc. Declares Quarterly Dividend of $0.06 (NYSE:ATEN)

Key Points

• A10 Networks declared a quarterly dividend of $0.06 per share, payable September 1 to shareholders of record on August 17. The annualized dividend is $0.24, representing a 0.8% yield and an approximately 24.7% payout ratio.
• The company beat quarterly expectations with EPS of $0.25 versus the $0.24 consensus and revenue of $80.14 million, up 15.5% year over year and above estimates of $77.28 million.
• Institutional investors and hedge funds own 98.61% of A10 Networks’ stock. Shares opened at $31.05, while the company’s 52-week trading range was $16.52 to $38.49.

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Monday, August 17th will be paid a dividend of 0.06 per share by the communications equipment provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 17th.

A10 Networks has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect A10 Networks to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 25.3%.

A10 Networks Stock Performance

ATEN opened at $31.05 on Thursday. A10 Networks has a 52-week low of $16.52 and a 52-week high of $38.49. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.56 and a current ratio of 3.71. The stock has a 50-day moving average of $33.73 and a 200-day moving average of $26.70. The company has a market cap of $2.24 billion, a PE ratio of 50.08 and a beta of 1.16.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $80.14 million for the quarter, compared to analyst estimates of $77.28 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The company's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. As a group, equities research analysts forecast that A10 Networks will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On A10 Networks

A number of hedge funds have recently modified their holdings of ATEN. Aster Capital Management DIFC Ltd bought a new position in A10 Networks in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC lifted its position in A10 Networks by 92.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,255 shares of the communications equipment provider's stock worth $40,000 after buying an additional 1,083 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of A10 Networks by 4,621.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,408 shares of the communications equipment provider's stock worth $43,000 after buying an additional 2,357 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of A10 Networks by 2,829.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,490 shares of the communications equipment provider's stock worth $44,000 after buying an additional 2,405 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in A10 Networks by 83.5% in the second quarter. SBI Securities Co. Ltd. now owns 1,167 shares of the communications equipment provider's stock valued at $44,000 after purchasing an additional 531 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

A10 Networks Company Profile

A10 Networks, Inc NYSE: ATEN, headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company's offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company's core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source