NYSE:ATEN

A10 Networks (ATEN) Stock Forecast, Price & News

$15.04

-0.12 (-0.79%)

(As of 09/29/2023 ET)

Compare

Today's Range: $14.95
▼
$15.25
50-Day Range: $14.18
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$15.83
52-Week Range: $12.99
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$19.79

Volume: 407,239 shs
Average Volume: 630,220 shs
Market Capitalization: $1.11 billion

P/E Ratio: 25.07
Dividend Yield: 1.60%
Price Target: $24.00

A10 Networks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 59.6% Upside
$24.00 Price Target
Short Interest: Healthy
2.70% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$1.13 M Sold Last Quarter
Proj. Earnings Growth: 27.69%
From $0.65 to $0.83 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Computer And Technology Sector

24th out of 599 stocks

Computer & Office Equipment Industry

1st out of 11 stocks

3.3

Analyst's Opinion

Consensus Rating
A10 Networks has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.00, A10 Networks has a forecasted upside of 59.6% from its current price of $15.04.
Amount of Analyst Coverage
A10 Networks has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.70% of the float of A10 Networks has been sold short.
Short Interest Ratio / Days to Cover
A10 Networks has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in A10 Networks has recently increased by 2.20%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
A10 Networks pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
A10 Networks has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of A10 Networks is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, A10 Networks will have a dividend payout ratio of 28.92% next year. This indicates that A10 Networks will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ATEN.

3.7

News and Social Media Coverage

News Sentiment
A10 Networks has a news sentiment score of 1.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for A10 Networks this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for ATEN on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added A10 Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, A10 Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,131,591.00 in company stock.
Percentage Held by Insiders
Only 5.81% of the stock of A10 Networks is held by insiders.
Percentage Held by Institutions
88.69% of the stock of A10 Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for A10 Networks are expected to grow by 27.69% in the coming year, from $0.65 to $0.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of A10 Networks is 25.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.21.
Price to Earnings Ratio vs. Sector
The P/E ratio of A10 Networks is 25.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.76.
Price to Book Value per Share Ratio
A10 Networks has a P/B Ratio of 6.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About A10 Networks (NYSE:ATEN) Stock

A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks. It also provides Thunder Threat Protection System (TPS) for the protection of networks and server resources against massive distributed denial of service attacks; Thunder Secure Sockets Layer (SSL) Insight solution that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses various critical security capabilities in one package by consolidating various security and networking functions in a single appliance. In addition, the company offers intelligent management and automation tools comprising harmony controller that provides intelligent management, automation, and analytics for secure application delivery in multi-cloud environment; and aGalaxy TPS, a multi-device network management solution. A10 Networks, Inc. delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers; service providers include cloud, telecommunications, and multiple system and cable; government organizations; and enterprises in the technology, industrial, retail, financial, gaming, and education industries. The company markets its products through sales organizations, as well as distribution channel partners, including distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California.

ATEN Price History

30 days | 90 days | 365 days | Advanced Chart

ATEN Stock News Headlines

September 18, 2023 | stocknews.com

A10 Networks (ATEN) Stock Analysis: To Buy or Not to Buy This Tech Stock?

September 11, 2023 | finance.yahoo.com

An Intrinsic Calculation For A10 Networks, Inc. (NYSE:ATEN) Suggests It's 24% Undervalued

September 29, 2023 | Legacy Research (Ad)

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September 9, 2023 | seekingalpha.com

A10 Networks: Navigating A Challenging Year

August 17, 2023 | fool.com

A10 Networks (NYSE: ATEN)

August 14, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Frontier Communications, A10 Networks and Weave Communications

August 9, 2023 | finance.yahoo.com

There's A Lot To Like About A10 Networks' (NYSE:ATEN) Upcoming US$0.06 Dividend

July 30, 2023 | finance.yahoo.com

A10 Networks (NYSE:ATEN) Is Paying Out A Dividend Of $0.06

September 29, 2023 | Legacy Research (Ad)

WARNING: Mandatory U.S. Dollar Recall is Weeks Away

July 28, 2023 | finance.yahoo.com

A10 Networks, Inc. (NYSE:ATEN) Q2 2023 Earnings Call Transcript

July 27, 2023 | finance.yahoo.com

Q2 2023 A10 Networks Inc Earnings Call

July 26, 2023 | finance.yahoo.com

A10 Networks (ATEN) Q2 Earnings and Revenues Top Estimates

July 26, 2023 | seekingalpha.com

A10 Networks, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 26, 2023 | finance.yahoo.com

A10 Networks Reports Revenue of $65.8 Million, EPS Expansion, for Second Quarter of 2023

July 6, 2023 | tmcnet.com

A10 Networks to Host Second Quarter Earnings Call

July 6, 2023 | finance.yahoo.com

A10 Networks to Host Second Quarter Earnings Call on July 26, 2023

July 3, 2023 | finance.yahoo.com

Is A10 Networks, Inc.'s (NYSE:ATEN) Recent Performance Tethered To Its Attractive Financial Prospects?

June 26, 2023 | finance.yahoo.com

A10 Networks (ATEN) to Boost JSC's Network Capabilities

June 22, 2023 | finance.yahoo.com

Kazakhtelecom JSC Improves Subscriber Services with A10 Networks

June 8, 2023 | seekingalpha.com

A10 Networks Feels The Pinch Of Slowing Sales Cycles

May 23, 2023 | finance.yahoo.com

Türk Telekom Delivers DDoS Protection Services for Business Customers with A10 Networks

May 22, 2023 | finance.yahoo.com

Is It Too Late To Consider Buying A10 Networks, Inc. (NYSE:ATEN)?

May 17, 2023 | msn.com

Looking Into A10 Networks's Return On Capital Employed

May 8, 2023 | finance.yahoo.com

A10 Networks (NYSE:ATEN) Has Announced A Dividend Of $0.06

May 6, 2023 | msn.com

A10 Networks (ATEN) Declares $0.06 Dividend

May 5, 2023 | marketwatch.com

8-K: A10 Networks, Inc.

May 4, 2023 | msn.com

A10 Networks: Q1 Earnings Insights

See More Headlines

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ATEN Company Calendar

Last Earnings: 7/26/2023
Ex-Dividend for 9/1 Dividend: 8/14/2023
Dividend Payable: 9/01/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Computer & office equipment
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:ATEN
CUSIP: N/A
CIK: 1580808
Web: www.a10networks.com
Phone: (408) 325-8668
Fax: 408-325-8666
Employees: 575
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: +59.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.60
Trailing P/E Ratio: 25.03
Forward P/E Ratio: 23.11
P/E Growth: N/A
Net Income: $46.91 million
Net Margins: 16.74%
Pretax Margin: 18.79%
Return on Equity: 23.20%
Return on Assets: 11.54%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.40
Quick Ratio: 2.20

Sales & Book Value

Annual Sales: $280.34 million
Price / Sales: 3.97
Cash Flow: $0.70 per share
Price / Cash Flow: 21.51
Book Value: $2.46 per share
Price / Book: 6.11

Miscellaneous

Outstanding Shares: 74,100,000
Free Float: 69,795,000
Market Cap: $1.11 billion
Optionable: Optionable
Beta: 1.01

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Key Executives

Mr. Dhrupad Trivedi (Age 56)
Board Chair, Pres & CEO
Comp: $1.45M

Mr. Brian Becker (Age 50)
Chief Financial Officer
Comp: $474.05k

Mr. Scott Weber (Age 57)
Exec. VP, Chief Risk Compliance Officer, Gen. Counsel & Corp. Sec.
Comp: $343.4k

Mr. Matthew P. Bruening (Age 57)
Exec. Officer
Comp: $772.14k

Mr. Bret Sloan
Head of Global Operations

Ms. Karen Thomas
Exec. VP of Worldwide Sales & Marketing

Mr. Andrew Kim
VP of Worldwide HR

Mr. Greg Barnes
Managing Director of Australia & New Zealand

Mr. Toru Kawaguchi
VP of Sales and Pres & Country Mang. of Japan KK

Rich Groves
Director of Threat Intelligence & MLOps

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ATEN Stock - Frequently Asked Questions

Should I buy or sell A10 Networks stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for A10 Networks in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ATEN shares.
View ATEN analyst ratings or view top-rated stocks.
What is A10 Networks' stock price forecast for 2023?: 2 brokerages have issued twelve-month price objectives for A10 Networks' stock. Their ATEN share price forecasts range from $24.00 to $24.00. On average, they predict the company's stock price to reach $24.00 in the next twelve months. This suggests a possible upside of 59.8% from the stock's current price.
View analysts price targets for ATEN or view top-rated stocks among Wall Street analysts.
How have ATEN shares performed in 2023?: A10 Networks' stock was trading at $16.63 at the start of the year. Since then, ATEN stock has decreased by 9.7% and is now trading at $15.02.
View the best growth stocks for 2023 here.
Are investors shorting A10 Networks?: A10 Networks saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,820,000 shares, a drop of 11.7% from the August 15th total of 2,060,000 shares. Based on an average daily volume of 621,900 shares, the short-interest ratio is currently 2.9 days. Approximately 2.6% of the shares of the company are sold short.
View A10 Networks' Short Interest.
When is A10 Networks' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ATEN earnings forecast.
How were A10 Networks' earnings last quarter?: A10 Networks, Inc. (NYSE:ATEN) announced its quarterly earnings data on Wednesday, July, 26th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The communications equipment provider earned $65.82 million during the quarter, compared to analyst estimates of $62.38 million. A10 Networks had a net margin of 16.74% and a trailing twelve-month return on equity of 23.20%.
How often does A10 Networks pay dividends? What is the dividend yield for A10 Networks?: A10 Networks declared a quarterly dividend on Wednesday, July 26th. Investors of record on Tuesday, August 15th will be given a dividend of $0.06 per share on Friday, September 1st. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, August 14th.
Read our dividend analysis for ATEN.
What ETFs hold A10 Networks' stock?: ETFs with the largest weight of A10 Networks (NYSE:ATEN) stock in their portfolio include Global X Cybersecurity ETF (BUG), Invesco Next Gen Connectivity ETF (PXQ), WisdomTree Cybersecurity Fund (WCBR), SPDR Kensho Future Security ETF (FITE), iShares Cybersecurity and Tech ETF (IHAK), Invesco S&P SmallCap Information Technology ETF (PSCT), First Trust Nasdaq Cybersecurity ETF (CIBR) and Syntax Stratified SmallCap ETF (SSLY).

Is A10 Networks a good dividend stock?: A10 Networks (NYSE:ATEN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.60%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATEN will have a dividend payout ratio of 28.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATEN.
What is Dhrupad Trivedi's approval rating as A10 Networks' CEO?: 13 employees have rated A10 Networks Chief Executive Officer Dhrupad Trivedi on Glassdoor.com. Dhrupad Trivedi has an approval rating of 99% among the company's employees. This puts Dhrupad Trivedi in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of A10 Networks own?: Based on aggregate information from My MarketBeat watchlists, some companies that other A10 Networks investors own include Cenovus Energy (CVE), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Micron Technology (MU), Pfizer (PFE), CA (CA), Sorrento Therapeutics (SRNE), AT&T (T), AbbVie (ABBV) and BlackRock (BLK).
What is A10 Networks' stock symbol?: A10 Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATEN."
How do I buy shares of A10 Networks?: Shares of ATEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is A10 Networks' stock price today?: One share of ATEN stock can currently be purchased for approximately $15.02.
How much money does A10 Networks make?: A10 Networks (NYSE:ATEN) has a market capitalization of $1.11 billion and generates $280.34 million in revenue each year. The communications equipment provider earns $46.91 million in net income (profit) each year or $0.60 on an earnings per share basis.
How many employees does A10 Networks have?: The company employs 575 workers across the globe.
How can I contact A10 Networks?: A10 Networks' mailing address is 2300 ORCHARD PKWY, SAN JOSE CA, 95131. The official website for the company is www.a10networks.com. The communications equipment provider can be reached via phone at (408) 325-8668, via email at investors@a10networks.com, or via fax at 408-325-8666.

This page (NYSE:ATEN) was last updated on 9/29/2023 by MarketBeat.com Staff

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