Analysts Anticipate A10 Networks Inc (NYSE:ATEN) Will Announce Earnings of $0.04 Per Share

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Wall Street analysts expect A10 Networks Inc (NYSE:ATEN) to announce earnings of $0.04 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for A10 Networks’ earnings. A10 Networks posted earnings per share of $0.03 during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.3%. The business is expected to report its next earnings results on Tuesday, October 29th.

On average, analysts expect that A10 Networks will report full year earnings of $0.04 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $0.17 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow A10 Networks.

A10 Networks (NYSE:ATEN) last posted its earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). A10 Networks had a negative return on equity of 16.48% and a negative net margin of 9.67%. The company had revenue of $49.20 million during the quarter, compared to the consensus estimate of $53.06 million. The firm’s revenue was down 18.9% on a year-over-year basis.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of A10 Networks from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Zacks Investment Research raised shares of A10 Networks from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, August 7th.

In other news, CFO Thomas Constantino sold 15,492 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $6.98, for a total transaction of $108,134.16. Following the completion of the sale, the chief financial officer now owns 210,816 shares of the company’s stock, valued at approximately $1,471,495.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 28.87% of the company’s stock.

Several hedge funds have recently modified their holdings of ATEN. Nuveen Asset Management LLC purchased a new position in shares of A10 Networks during the 2nd quarter valued at $4,764,000. UBS Asset Management Americas Inc. lifted its stake in shares of A10 Networks by 13.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 89,282 shares of the communications equipment provider’s stock valued at $609,000 after buying an additional 10,653 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of A10 Networks by 1.5% during the 2nd quarter. AQR Capital Management LLC now owns 209,947 shares of the communications equipment provider’s stock valued at $1,432,000 after buying an additional 3,037 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of A10 Networks during the 2nd quarter valued at $174,000. Finally, Vanguard Group Inc. lifted its stake in shares of A10 Networks by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,728,813 shares of the communications equipment provider’s stock valued at $25,430,000 after buying an additional 24,716 shares in the last quarter. 68.16% of the stock is owned by hedge funds and other institutional investors.

NYSE:ATEN opened at $7.47 on Tuesday. A10 Networks has a 12 month low of $5.51 and a 12 month high of $8.29. The company has a market cap of $591.77 million, a PE ratio of -33.95 and a beta of 0.70. The company has a 50 day simple moving average of $7.14 and a two-hundred day simple moving average of $6.88.

A10 Networks Company Profile

A10 Networks, Inc provides software and hardware solutions in the United States, Japan, other Asia Pacific and EMEA countries, and internationally. 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 micro services; and Thunder carrier grade network address translation product, which offers network address and protocol translation services for service provider networks.

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