A10 Networks, Inc. (NYSE:ATEN – Free Report) – Equities researchers at BWS Financial reduced their Q3 2023 earnings per share estimates for A10 Networks in a research note issued on Thursday, October 5th. BWS Financial analyst H. Khorsand now forecasts that the communications equipment provider will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.18. BWS Financial currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for A10 Networks’ current full-year earnings is $0.65 per share. BWS Financial also issued estimates for A10 Networks’ Q4 2024 earnings at $0.27 EPS and FY2024 earnings at $0.80 EPS.
A number of other research analysts also recently weighed in on ATEN. StockNews.com began coverage on A10 Networks in a report on Thursday. They set a “hold” rating on the stock. Craig Hallum lowered their target price on A10 Networks from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, October 4th.
A10 Networks Trading Down 0.2 %
Shares of ATEN stock opened at $11.48 on Monday. A10 Networks has a 1-year low of $10.03 and a 1-year high of $19.79. The company has a market capitalization of $850.67 million, a price-to-earnings ratio of 19.13 and a beta of 0.99. The stock’s fifty day simple moving average is $14.76 and its 200-day simple moving average is $14.61.
A10 Networks (NYSE:ATEN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. A10 Networks had a return on equity of 23.20% and a net margin of 16.74%. The business had revenue of $65.82 million for the quarter, compared to the consensus estimate of $62.38 million.
A10 Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $0.06 dividend. The ex-dividend date was Monday, August 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.
Insider Buying and Selling at A10 Networks
In other A10 Networks news, EVP Matthew P. Bruening sold 2,080 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $14.46, for a total value of $30,076.80. Following the transaction, the executive vice president now owns 92,543 shares in the company, valued at $1,338,171.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brian Becker sold 12,347 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $15.50, for a total transaction of $191,378.50. Following the completion of the sale, the chief financial officer now owns 46,086 shares in the company, valued at approximately $714,333. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Matthew P. Bruening sold 2,080 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $14.46, for a total value of $30,076.80. Following the sale, the executive vice president now owns 92,543 shares of the company’s stock, valued at approximately $1,338,171.78. The disclosure for this sale can be found here. Insiders have sold 74,122 shares of company stock worth $1,131,591 over the last 90 days. 5.81% of the stock is currently owned by corporate insiders.
Institutional Trading of A10 Networks
Several large investors have recently made changes to their positions in ATEN. Osaic Holdings Inc. lifted its position in shares of A10 Networks by 44.3% during the 2nd quarter. Osaic Holdings Inc. now owns 2,419 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 743 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of A10 Networks by 113.8% during the 4th quarter. Advisors Asset Management Inc. now owns 2,189 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 1,165 shares during the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of A10 Networks during the 1st quarter worth about $41,000. Advisor Group Holdings Inc. lifted its position in shares of A10 Networks by 59.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,527 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 944 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of A10 Networks by 97.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 88.69% of the company’s stock.
A10 Networks Company Profile
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.
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