A10 Networks (NYSE:ATEN) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.06, MarketWatch Earnings reports. The firm had revenue of $52.50 million during the quarter, compared to analysts’ expectations of $52.19 million. A10 Networks had a return on equity of 6.07% and a net margin of 1.70%.

Shares of NYSE ATEN traded down $0.30 during midday trading on Friday, reaching $7.91. The company’s stock had a trading volume of 16,311 shares, compared to its average volume of 523,941. A10 Networks has a one year low of $3.43 and a one year high of $8.69. The company has a 50 day moving average price of $7.07 and a 200 day moving average price of $6.65. The company has a market cap of $625.60 million, a price-to-earnings ratio of 164.20 and a beta of 0.80.

In related news, CFO Thomas Constantino sold 15,622 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $6.65, for a total transaction of $103,886.30. Following the completion of the sale, the chief financial officer now directly owns 228,874 shares of the company’s stock, valued at approximately $1,522,012.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 31,734 shares of company stock worth $214,154 over the last ninety days. 23.65% of the stock is currently owned by insiders.

ATEN has been the topic of several research reports. Zacks Investment Research upgraded A10 Networks from a “hold” rating to a “strong-buy” rating and set a $8.25 price objective on the stock in a report on Monday, July 13th. BWS Financial upped their price objective on A10 Networks from $9.50 to $13.50 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Sidoti started coverage on shares of A10 Networks in a research note on Tuesday, July 21st. They set a “buy” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $10.92.

About A10 Networks

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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Earnings History for A10 Networks (NYSE:ATEN)

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