Q2 2022 EPS Estimates for A10 Networks, Inc. Increased by BWS Financial (NYSE:ATEN)

A10 Networks, Inc. (NYSE:ATEN – Get Rating) – Stock analysts at BWS Financial raised their Q2 2022 earnings per share estimates for A10 Networks in a research note issued on Wednesday, May 4th. BWS Financial analyst H. Khorsand now anticipates that the communications equipment provider will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.09. BWS Financial also issued estimates for A10 Networks’ FY2022 earnings at $0.46 EPS.

A10 Networks (NYSE:ATEN – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. A10 Networks had a return on equity of 20.66% and a net margin of 38.23%. During the same period in the prior year, the company posted $0.06 EPS.

A number of other equities analysts have also recently commented on ATEN. StockNews.com started coverage on A10 Networks in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research cut A10 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.00.

ATEN stock opened at $14.93 on Monday. The company has a market cap of $1.13 billion, a P/E ratio of 12.14 and a beta of 0.95. A10 Networks has a 1 year low of $8.62 and a 1 year high of $19.05. The stock’s fifty day moving average price is $13.90 and its 200-day moving average price is $14.64.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. A10 Networks’s dividend payout ratio (DPR) is 16.26%.

In related news, EVP Robert D. Cochran sold 2,453 shares of A10 Networks stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $12.52, for a total value of $30,711.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dhrupad Trivedi sold 21,470 shares of A10 Networks stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $12.52, for a total value of $268,804.40. The disclosure for this sale can be found here. Insiders sold 31,617 shares of company stock worth $412,028 over the last ninety days. Insiders own 23.73% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Man Group plc boosted its holdings in shares of A10 Networks by 6.7% in the third quarter. Man Group plc now owns 10,888 shares of the communications equipment provider’s stock valued at $147,000 after purchasing an additional 682 shares during the period. Thompson Siegel & Walmsley LLC boosted its holdings in shares of A10 Networks by 5.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 15,814 shares of the communications equipment provider’s stock valued at $262,000 after purchasing an additional 819 shares during the period. California State Teachers Retirement System boosted its holdings in shares of A10 Networks by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 81,292 shares of the communications equipment provider’s stock valued at $1,348,000 after purchasing an additional 1,044 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of A10 Networks by 7.0% in the fourth quarter. Lazard Asset Management LLC now owns 16,563 shares of the communications equipment provider’s stock valued at $274,000 after purchasing an additional 1,083 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of A10 Networks by 8.2% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 14,774 shares of the communications equipment provider’s stock valued at $245,000 after purchasing an additional 1,115 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

About A10 Networks (Get Rating)

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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