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

Key Points

• A10 Networks, Inc. declared a quarterly dividend of $0.06, with a yield of 1.3%, to be paid on September 2nd to investors of record as of August 15th.
• The company recently reported earnings of $0.21 per share, surpassing estimates, and demonstrated a 15.5% increase in quarterly revenue year-over-year.
• A10 Networks' stock price rose 5.8% to $18.81, with institutional investors holding a significant 98.61% stake in the company.

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.06 per share by the communications equipment provider on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 15th.

A10 Networks has a dividend payout ratio of 24.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.79 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 30.4%.

A10 Networks Stock Down 2.5%

Shares of ATEN stock traded down $0.44 during trading hours on Friday, reaching $17.40. The company had a trading volume of 959,920 shares, compared to its average volume of 916,562. A10 Networks has a 12 month low of $12.45 and a 12 month high of $21.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.23 and a quick ratio of 3.87. The business has a fifty day simple moving average of $18.49 and a 200-day simple moving average of $18.18. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 4.09 and a beta of 1.35.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%. A10 Networks's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, research analysts expect that A10 Networks will post 0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of A10 Networks in a research note on Saturday, August 2nd. Mizuho initiated coverage on A10 Networks in a report on Monday, July 14th. They set a "neutral" rating for the company. Raymond James Financial started coverage on A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft assumed coverage on A10 Networks in a research report on Friday, June 27th. They issued a "buy" rating and a $22.00 target price for the company. Finally, Wall Street Zen lowered A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, A10 Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.00.

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.