A10 Networks (NYSE:ATEN) Announces Earnings Results

A10 Networks (NYSE:ATEN - Get Free Report) posted its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01, Briefing.com reports. A10 Networks had a return on equity of 23.44% and a net margin of 19.16%. The company had revenue of $66.14 million for the quarter, compared to analyst estimates of $63.63 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm's quarterly revenue was up 8.9% on a year-over-year basis.

A10 Networks Stock Performance

ATEN traded up $0.03 during mid-day trading on Thursday, reaching $16.96. 1,578,926 shares of the stock were exchanged, compared to its average volume of 870,592. A10 Networks has a 1 year low of $12.27 and a 1 year high of $21.90. The stock has a market capitalization of $1.25 billion, a PE ratio of 25.31 and a beta of 1.37. The company has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $17.74.

A10 Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 15th. A10 Networks's payout ratio is currently 35.82%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ATEN shares. Craig Hallum upgraded shares of A10 Networks from a "hold" rating to a "buy" rating and set a $20.00 target price on the stock in a report on Friday, May 2nd. Raymond James began coverage on shares of A10 Networks in a research report on Wednesday, April 23rd. They set a "market perform" rating for the company. Weiss Ratings reiterated a "buy (b-)" rating on shares of A10 Networks in a research report on Saturday, April 26th. BWS Financial restated a "buy" rating and issued a $24.00 price target on shares of A10 Networks in a report on Friday, May 2nd. Finally, StockNews.com upgraded shares of A10 Networks from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, A10 Networks has an average rating of "Moderate Buy" and an average 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.