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

A10 Networks, Inc. (NYSE:ATEN - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, June 3rd. This represents a $0.24 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, May 14th.

A10 Networks has a payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings.

A10 Networks Stock Performance

Shares of NYSE:ATEN traded up $2.31 during mid-day trading on Wednesday, hitting $15.38. The stock had a trading volume of 1,893,335 shares, compared to its average volume of 661,034. The company has a market cap of $1.15 billion, a PE ratio of 29.01 and a beta of 1.10. A10 Networks has a 12-month low of $10.03 and a 12-month high of $15.99. The company's 50 day moving average is $13.55 and its 200-day moving average is $12.94.

A10 Networks (NYSE:ATEN - Get Free Report) last released its earnings results on Tuesday, April 30th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. A10 Networks had a net margin of 15.88% and a return on equity of 21.67%. The company had revenue of $60.70 million during the quarter, compared to the consensus estimate of $59.43 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company's revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that A10 Networks will post 0.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ATEN shares. Craig Hallum increased 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. BWS Financial restated a "buy" rating and set a $17.00 price target on shares of A10 Networks in a research note on Wednesday.

Insider Transactions at A10 Networks

In other news, CEO Dhrupad Trivedi sold 28,957 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $382,521.97. Following the transaction, the chief executive officer now owns 565,099 shares in the company, valued at approximately $7,464,957.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Brian Becker sold 4,348 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total value of $57,437.08. Following the transaction, the chief financial officer now directly owns 51,299 shares in the company, valued at approximately $677,659.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dhrupad Trivedi sold 28,957 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $13.21, for a total transaction of $382,521.97. Following the completion of the transaction, the chief executive officer now owns 565,099 shares in the company, valued at $7,464,957.79. The disclosure for this sale can be found here. Insiders have sold a total of 121,146 shares of company stock worth $1,598,166 in the last 90 days. 5.82% of the stock is owned by insiders.

A10 Networks Company Profile

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.