Stocks of A10 Networks Inc. (NYSE:ATEN) traded higher last session on Wall Street, down -0.65% to $16.91.
According to the data, A10 Networks Inc. (NYSE:ATEN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $21.00, we find $22.00. Given the previous closing price of $17.02, this indicates a potential upside of 29.26 percent. ATEN stock price is now -4.11% away from the 50-day moving average and 11.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $22.33 as their price target over the next twelve months.
With the price target of $16, Craig Hallum recently initiated with Buy rating for A10 Networks Inc. (NYSE: ATEN). On July 21, 2020, Sidoti recently initiated its ‘Buy’ rating on the stock quoting a target price of $11, while ‘BWS Financial’ rates the stock as ‘Buy’.
In other news, Trivedi Dhrupad, Chief Executive Officer sold 15,079 shares of the company’s stock on Dec 06. The stock was sold for $284,120 at an average price of $18.84. Upon completion of the transaction, the Chief Executive Officer now directly owns 500,956 shares in the company, valued at $8.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Director CHUNG PETER Y sold 1,500,000 shares of the business’s stock. A total of $25,800,000 was realized by selling the stock at an average price of $17.20. This leaves the insider owning 3,888,206 shares of the company worth $65.75 million. Insiders disposed of 9,854,621 shares of company stock worth roughly $166.64 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATEN stock. A new stake in A10 Networks Inc. shares was purchased by PRICE T ROWE ASSOCIATES INC /MD/ during the first quarter worth $17,840,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. invested $13,738,000 in shares of ATEN during the first quarter. In the first quarter, TRIGRAN INVESTMENTS, INC. acquired a new stake in A10 Networks Inc. valued at approximately $5,498,000. MARSHALL WACE, LLP acquired a new stake in ATEN for approximately $1,464,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in ATEN valued at around $1,205,000 in the second quarter. In total, there are 310 active investors with 92.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $17.08 for A10 Networks Inc. (NYSE: ATEN). During the past 12 months, A10 Networks Inc. has had a low of $12.27 and a high of $19.79. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.80. The fifty day moving average price for ATEN is $17.63 and a two-hundred day moving average price translates $15.14 for the stock.
The latest earnings results from A10 Networks Inc. (NYSE: ATEN) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.16 by 0.01. This compares to $0.94 EPS in the same period last year. The net profit margin was 14.50% and return on equity was 21.10% for ATEN. The company reported revenue of $72.06 million for the quarter, compared to $65.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.25 percent. For the current quarter, analysts expect ATEN to generate $71.02M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/15/2022 were paid a $0.06 dividend. On an annualized basis, this represents a $0.24 dividend and a 1.42% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend. In terms of dividend payout ratio, ATEN is presently at 38.60%.
A10 Networks Inc.(ATEN) 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. 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 operators; 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.