Key Points
- Director Eric Singer sold 24,698 shares on May 5 at an average price of $27.21, generating about $672,033 and reducing his holding by 26.41% to 68,806 shares.
- A10 beat quarterly estimates with EPS of $0.24 (vs. $0.22 est.) and revenue of $75.0M (vs. $72.62M), reported 13.4% revenue growth year-over-year, and set FY2026 EPS guidance of $0.640–0.650.
- The company declared a quarterly dividend of $0.06 (annualized $0.24) payable June 1 with an ex-dividend date of May 15, implying a yield of about 0.9%.
A10 Networks, Inc. (NYSE:ATEN - Get Free Report) Director Eric Singer sold 24,698 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $27.21, for a total transaction of $672,032.58. Following the completion of the transaction, the director directly owned 68,806 shares of the company's stock, valued at approximately $1,872,211.26. The trade was a 26.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A10 Networks Stock Down 1.4%
Shares of NYSE:ATEN opened at $26.75 on Thursday. The company has a current ratio of 3.71, a quick ratio of 3.56 and a debt-to-equity ratio of 0.99. A10 Networks, Inc. has a 12 month low of $16.52 and a 12 month high of $28.59. The company has a 50-day moving average price of $23.45 and a 200 day moving average price of $19.89. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 43.14 and a beta of 1.17.
A10 Networks (NYSE:ATEN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $75.00 million during the quarter, compared to the consensus estimate of $72.62 million. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The firm's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts predict that A10 Networks, Inc. will post 0.83 earnings per share for the current year.
A10 Networks Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.24 annualized dividend and a yield of 0.9%. A10 Networks's dividend payout ratio (DPR) is presently 38.71%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on ATEN shares. Loop Capital set a $25.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. Weiss Ratings reissued a "hold (c+)" rating on shares of A10 Networks in a research note on Wednesday, January 21st. DNB Markets set a $9.00 price objective on shares of A10 Networks in a research note on Monday, March 9th. BTIG Research raised their price objective on shares of A10 Networks from $22.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Finally, BWS Financial raised their price objective on shares of A10 Networks from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.86.
Check Out Our Latest Stock Report on A10 Networks
Hedge Funds Weigh In On A10 Networks
Several institutional investors have recently bought and sold shares of ATEN. Boston Partners purchased a new position in A10 Networks during the fourth quarter valued at approximately $14,795,000. Barclays PLC increased its holdings in A10 Networks by 103.7% during the third quarter. Barclays PLC now owns 1,365,259 shares of the communications equipment provider's stock valued at $24,779,000 after buying an additional 695,150 shares during the period. Wellington Management Group LLP increased its holdings in A10 Networks by 40.2% during the third quarter. Wellington Management Group LLP now owns 2,054,213 shares of the communications equipment provider's stock valued at $37,284,000 after buying an additional 588,922 shares during the period. Deprince Race & Zollo Inc. purchased a new position in A10 Networks during the first quarter valued at approximately $13,058,000. Finally, Defiance ETFs LLC purchased a new position in A10 Networks during the fourth quarter valued at approximately $10,047,000. 98.61% of the stock is owned by hedge funds and other institutional investors.
A10 Networks Company Profile
(
Get Free Report)
A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company's offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.
The company's core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.
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