A10 Networks Inc. (NYSE:ATEN) shares traded -2.12% lower at $14.28 on Wall Street last session.
In accordance with the data, 4 analysts cover A10 Networks Inc. (NYSE:ATEN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $19.00, we find $19.00. Given the previous closing price of $14.59, this indicates a potential upside of 30.23 percent. ATEN stock price is now -0.92% away from the 50-day moving average and -7.65% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
It has been rated a hold by 1 analysts and a buy by 2. Brokers who have rated the stock have averaged $20.67 as their price target over the next twelve months.
In other news, Becker Brian, Chief Financial Officer sold 12,500 shares of the company’s stock on May 19. The stock was sold for $176,625 at an average price of $14.13. Upon completion of the transaction, the Chief Financial Officer now directly owns 59,380 shares in the company, valued at $0.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Chief Executive Officer Trivedi Dhrupad sold 47,336 shares of the business’s stock. A total of $656,550 was realized by selling the stock at an average price of $13.87. This leaves the insider owning 548,599 shares of the company worth $7.83 million. Insiders disposed of 8,923,665 shares of company stock worth roughly $127.43 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 NORGES BANK during the first quarter worth $2,625,000. HRT FINANCIAL LP invested $1,463,000 in shares of ATEN during the first quarter. In the first quarter, UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in A10 Networks Inc. valued at approximately $1,426,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in ATEN for approximately $1,107,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in ATEN valued at around $955,000 in the second quarter. In total, there are 325 active investors with 92.00% ownership of the company’s stock.
A10 Networks Inc. (NYSE: ATEN) opened at $14.50 on Monday. During the past 12 months, A10 Networks Inc. has had a low of $12.61 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 2.40, and a quick ratio of 2.20. According to the stock market information, the enterprise value for the company is $949.12M, which is based on a 24.62 price-to-earnings ratio, a 1.23 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for ATEN is $14.41 and a two-hundred day moving average price translates $15.46 for the stock.
The latest earnings results from A10 Networks Inc. (NYSE: ATEN) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.13, missing analysts’ expectations of $0.14 by -0.01. This compares to $0.08 EPS in the same period last year. The net profit margin was 16.20% and return on equity was 24.70% for ATEN. The company reported revenue of $57.69 million for the quarter, compared to $62.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.95 percent. For the current quarter, analysts expect ATEN to generate $65.12M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/15/2023 were paid a $0.06 dividend. On an annualized basis, this represents a $0.24 dividend and a 1.68% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, ATEN is presently at 36.90%.
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; 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.
