A10 Networks (NYSE:ATEN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

A10 Networks (NYSE:ATEN - Get Free Report) released its earnings results on Tuesday. The communications equipment provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02, Yahoo Finance reports. A10 Networks had a return on equity of 21.67% and a net margin of 15.88%. The business had revenue of $60.70 million during the quarter, compared to analysts' expectations of $59.43 million. During the same quarter last year, the firm posted $0.09 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis.

A10 Networks Stock Performance

A10 Networks stock traded up $2.31 during mid-day trading on Wednesday, reaching $15.38. The stock had a trading volume of 1,893,335 shares, compared to its average volume of 661,034. A10 Networks has a fifty-two week low of $10.03 and a fifty-two week high of $15.99. The stock's 50-day simple moving average is $13.55 and its 200-day simple moving average is $12.94. The firm has a market capitalization of $1.15 billion, a PE ratio of 29.01 and a beta of 1.10.

A10 Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.56%. A10 Networks's dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Craig Hallum raised their target price on A10 Networks from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday. BWS Financial reissued a "buy" rating and issued a $17.00 price objective on shares of A10 Networks in a research note on Wednesday.

Insider Buying and Selling at A10 Networks

In other news, CFO Brian Becker sold 2,047 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the transaction, the chief financial officer now owns 49,252 shares in the company, valued at $643,231.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian Becker sold 2,047 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $13.06, for a total value of $26,733.82. Following the transaction, the chief financial officer now owns 49,252 shares in the company, valued at $643,231.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dhrupad Trivedi sold 60,606 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $13.27, for a total value of $804,241.62. Following the completion of the transaction, the chief executive officer now owns 495,814 shares in the company, valued at approximately $6,579,451.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,146 shares of company stock valued at $1,598,166. Company insiders own 5.82% of the company's stock.

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.