A10 Networks, Inc. (NYSE:ATEN) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts maintain a “Hold” consensus on A10 Networks, with five hold ratings and two buy ratings. The average 12-month price target is $30.88.
• A10 Networks beat quarterly expectations, reporting $0.25 in EPS versus the $0.24 consensus and revenue of $80.14 million versus $77.28 million expected; revenue rose 15.5% year over year.
• The stock opened at $26.99 after a reported 5.3% decline, while the company continues paying a $0.06 quarterly dividend, equivalent to a 0.9% yield.

Shares of A10 Networks, Inc. (NYSE:ATEN - Get Free Report) have been given an average rating of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.88.

ATEN has been the topic of several analyst reports. BWS Financial reissued a "buy" rating and set a $45.00 target price on shares of A10 Networks in a report on Friday, August 14th. Mizuho raised their price target on A10 Networks from $30.00 to $34.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a research note on Monday, August 31st. They issued a "hold" rating and a $28.00 price target for the company. Wall Street Zen cut shares of A10 Networks from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Weiss Ratings cut shares of A10 Networks from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, September 17th.

A10 Networks Trading Down 5.3%

NYSE ATEN opened at $26.99 on Thursday. A10 Networks has a 1-year low of $16.52 and a 1-year high of $38.49. The company has a 50 day moving average of $26.48 and a 200-day moving average of $29.06. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 44.98 and a beta of 1.13.

A10 Networks (NYSE:ATEN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $80.14 million during the quarter, compared to analysts' expectations of $77.28 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The firm's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. A10 Networks has set its FY 2026 guidance at 0.650-0.661 EPS. On average, equities research analysts forecast that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.06 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.9%. A10 Networks's payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value of $392,435.96. Following the transaction, the general counsel directly owned 50,586 shares of the company's stock, valued at $1,409,325.96. This trade represents a 21.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares of the company's stock, valued at approximately $1,472,540.85. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.21% of the company's stock.

Institutional Investors Weigh In On A10 Networks

A number of large investors have recently modified their holdings of ATEN. Transamerica Financial Advisors LLC acquired a new stake in A10 Networks in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in A10 Networks during the 2nd quarter worth approximately $27,000. SBI Securities Co. Ltd. grew its stake in shares of 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 worth $44,000 after purchasing an additional 531 shares during the last quarter. State of Wyoming acquired a new stake in shares of A10 Networks in the second quarter valued at about $57,000. Finally, Signaturefd LLC lifted its position in shares of A10 Networks by 24.2% in the 2nd quarter. Signaturefd LLC now owns 2,159 shares of the communications equipment provider's stock worth $81,000 after purchasing an additional 421 shares during the period. Institutional investors and hedge funds own 98.61% of the company's stock.

About A10 Networks

A10 Networks, Inc is a technology company that provides networking and cybersecurity solutions for enterprises, service providers and public-sector organizations. Its products are designed to help customers improve application availability, manage network traffic and protect digital services from cyber threats.

The company's portfolio includes application delivery controllers, carrier-grade network address translation solutions, distributed denial-of-service protection, secure application access and SSL inspection technologies.

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