Q1 2023 Earnings Estimate for A10 Networks, Inc. (NYSE:ATEN) Issued By BWS Financial

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A10 Networks, Inc. (NYSE:ATEN – Get Rating) – BWS Financial reduced their Q1 2023 earnings per share (EPS) estimates for shares of A10 Networks in a research note issued on Thursday, January 5th. BWS Financial analyst H. Khorsand now anticipates that the communications equipment provider will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.12. BWS Financial has a “Buy” rating and a $24.00 price objective on the stock. The consensus estimate for A10 Networks’ current full-year earnings is $0.53 per share. BWS Financial also issued estimates for A10 Networks’ FY2023 earnings at $0.68 EPS.

A10 Networks (NYSE:ATEN – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $72.06 million for the quarter, compared to analyst estimates of $69.96 million. A10 Networks had a net margin of 14.49% and a return on equity of 20.73%.

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Separately, StockNews.com raised A10 Networks from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th.

A10 Networks Stock Performance

Shares of NYSE ATEN opened at $15.87 on Monday. The stock’s fifty day moving average is $17.78 and its 200 day moving average is $15.64. A10 Networks has a 52 week low of $12.27 and a 52 week high of $19.79. The stock has a market capitalization of $1.17 billion, a P/E ratio of 31.74 and a beta of 1.02.

A10 Networks Increases Dividends

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were issued a dividend of $0.06 per share. This is an increase from A10 Networks’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, November 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. A10 Networks’s payout ratio is currently 48.00%.

Insider Activity

In other news, Director Eric Singer sold 60,541 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $18.01, for a total transaction of $1,090,343.41. Following the completion of the sale, the director now owns 46,566 shares in the company, valued at $838,653.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Matthew P. Bruening sold 5,143 shares of the company’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $17.71, for a total transaction of $91,082.53. Following the completion of the sale, the executive vice president now owns 120,775 shares in the company, valued at $2,138,925.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric Singer sold 60,541 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $18.01, for a total value of $1,090,343.41. Following the sale, the director now owns 46,566 shares of the company’s stock, valued at approximately $838,653.66. The disclosure for this sale can be found here. Insiders sold a total of 85,763 shares of company stock worth $1,555,514 over the last quarter. 14.22% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. purchased a new position in A10 Networks in the third quarter worth $27,000. Nisa Investment Advisors LLC purchased a new position in A10 Networks in the second quarter worth $38,000. Ensign Peak Advisors Inc purchased a new position in A10 Networks in the first quarter worth $41,000. Great West Life Assurance Co. Can boosted its position in A10 Networks by 97.4% in the first quarter. Great West Life Assurance Co. Can now owns 2,984 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 1,472 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in A10 Networks in the first quarter worth $47,000. Hedge funds and other institutional investors own 88.86% of the company’s stock.

About A10 Networks

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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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