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

A10 Networks, Inc. (NYSE:ATEN) – Stock analysts at BWS Financial decreased their Q2 2024 earnings estimates for shares of A10 Networks in a research report issued to clients and investors on Wednesday, May 1st. BWS Financial analyst H. Khorsand now forecasts that the communications equipment provider will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.15. BWS Financial has a “Buy” rating and a $17.00 price objective 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.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data 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%. A10 Networks’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 earnings per share.

Separately, Craig Hallum increased their price objective on shares of A10 Networks from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday.

A10 Networks Stock Performance

Shares of NYSE:ATEN opened at $15.15 on Friday. The stock’s 50-day simple moving average is $13.63 and its two-hundred day simple moving average is $12.99. 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.

A10 Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. A10 Networks’s dividend payout ratio (DPR) is 39.34%.

Insider Buying and Selling

In related news, CFO Brian Becker sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $12.93, for a total transaction of $193,950.00. Following the completion of the transaction, the chief financial officer now directly owns 34,252 shares in the company, valued at approximately $442,878.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other A10 Networks news, CEO Dhrupad Trivedi sold 60,606 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $13.27, for a total transaction of $804,241.62. Following the sale, the chief executive officer now directly owns 495,814 shares of the company’s stock, valued at $6,579,451.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian Becker sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $12.93, for a total value of $193,950.00. Following the completion of the transaction, the chief financial officer now owns 34,252 shares in the company, valued at $442,878.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,332 shares of company stock valued at $1,138,273. 5.81% of the stock is owned by company insiders.

Institutional Trading of A10 Networks

Several institutional investors have recently made changes to their positions in ATEN. Vanguard Group Inc. boosted its stake in A10 Networks by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,965,847 shares of the communications equipment provider’s stock worth $104,697,000 after purchasing an additional 185,362 shares during the period. Meritage Portfolio Management boosted its position in shares of A10 Networks by 30.3% during the fourth quarter. Meritage Portfolio Management now owns 32,220 shares of the communications equipment provider’s stock worth $424,000 after acquiring an additional 7,484 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in A10 Networks by 37.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,486,953 shares of the communications equipment provider’s stock valued at $32,753,000 after acquiring an additional 676,509 shares in the last quarter. Verity Asset Management Inc. increased its holdings in A10 Networks by 1.7% in the 3rd quarter. Verity Asset Management Inc. now owns 91,666 shares of the communications equipment provider’s stock valued at $1,378,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in A10 Networks by 38.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 158,383 shares of the communications equipment provider’s stock worth $2,380,000 after purchasing an additional 43,781 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.