A10 Networks, Inc. (NYSE:ATEN) Expected to Post Q2 2024 Earnings of $0.14 Per Share

A10 Networks, Inc. (NYSE:ATEN - Free Report) - Stock analysts at BWS Financial reduced their Q2 2024 EPS estimates for A10 Networks in a research note issued on Wednesday, May 1st. BWS Financial analyst H. Khorsand now anticipates that the communications equipment provider will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.15. BWS Financial currently has a "Buy" rating and a $17.00 target price on the stock. The consensus estimate for A10 Networks' current full-year earnings is $0.66 per share. BWS Financial also issued estimates for A10 Networks' Q4 2024 earnings at $0.21 EPS.

Separately, Craig Hallum raised their target price on shares of A10 Networks from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday.

A10 Networks Stock Down 1.2 %

NYSE:ATEN traded down $0.18 during mid-day trading on Friday, hitting $15.15. 713,238 shares of the stock traded hands, compared to its average volume of 670,044. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 24.84 and a beta of 1.13. A10 Networks has a 52 week low of $10.03 and a 52 week high of $15.99. The firm's 50 day moving average is $13.63 and its two-hundred day moving average is $12.99.

A10 Networks (NYSE:ATEN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $60.70 million during the quarter, compared to analyst estimates of $59.43 million. A10 Networks had a return on equity of 22.42% and a net margin of 17.96%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of A10 Networks by 20.4% in the first quarter. BNP Paribas Financial Markets now owns 106,548 shares of the communications equipment provider's stock worth $1,459,000 after acquiring an additional 18,073 shares during the period. Assenagon Asset Management S.A. boosted its holdings in A10 Networks by 69.2% in the first quarter. Assenagon Asset Management S.A. now owns 638,894 shares of the communications equipment provider's stock valued at $8,746,000 after purchasing an additional 261,198 shares during the last quarter. Guidance Capital Inc. grew its position in A10 Networks by 70.2% during the 1st quarter. Guidance Capital Inc. now owns 32,294 shares of the communications equipment provider's stock worth $418,000 after purchasing an additional 13,320 shares during the period. Bridge City Capital LLC raised its stake in shares of A10 Networks by 2.3% during the 1st quarter. Bridge City Capital LLC now owns 347,160 shares of the communications equipment provider's stock valued at $4,753,000 after buying an additional 7,873 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of A10 Networks in the 4th quarter valued at about $233,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at A10 Networks

In other news, CEO Dhrupad Trivedi sold 8,679 shares of the firm's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $113,347.74. Following the completion of the sale, the chief executive officer now owns 556,420 shares of the company's stock, valued at approximately $7,266,845.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Dhrupad Trivedi sold 8,679 shares of A10 Networks stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $13.06, for a total value of $113,347.74. Following the completion of the sale, the chief executive officer now directly owns 556,420 shares in the company, valued at approximately $7,266,845.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Becker sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total transaction of $193,950.00. Following the transaction, the chief financial officer now owns 34,252 shares in the company, valued at approximately $442,878.36. The disclosure for this sale can be found here. Insiders have sold a total of 86,332 shares of company stock valued at $1,138,273 in the last 90 days. Insiders own 5.81% of the company's stock.

A10 Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, May 14th. A10 Networks's dividend payout ratio is currently 39.34%.

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.