Brokerages expect that A10 Networks Inc (NYSE:ATEN) will announce ($0.07) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for A10 Networks’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.10). A10 Networks also posted earnings per share of ($0.07) in the same quarter last year. The company is expected to report its next earnings report on Thursday, October 26th.
On average, analysts expect that A10 Networks will report full year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.34) to ($0.17). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.21) to ($0.11). Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for A10 Networks.
A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.06. A10 Networks had a negative return on equity of 37.22% and a negative net margin of 15.40%. The company had revenue of $53.69 million during the quarter, compared to analyst estimates of $52.99 million. During the same quarter last year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis.
A number of brokerages have commented on ATEN. BidaskClub cut A10 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Bank of America Corporation reduced their price target on A10 Networks from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Friday, July 14th. KeyCorp cut A10 Networks from an “overweight” rating to a “sector weight” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research cut A10 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.60.
In related news, EVP Robert D. Cochran sold 5,000 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $8.13, for a total transaction of $40,650.00. Following the completion of the sale, the executive vice president now owns 189,662 shares in the company, valued at $1,541,952.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $8.26, for a total value of $206,500.00. Following the sale, the chief executive officer now owns 10,786,538 shares of the company’s stock, valued at approximately $89,096,803.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,812 shares of company stock valued at $2,474,453. Company insiders own 34.05% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Smith Asset Management Group LP boosted its stake in A10 Networks by 64.8% in the first quarter. Smith Asset Management Group LP now owns 139,390 shares of the communications equipment provider’s stock valued at $1,275,000 after buying an additional 54,830 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in A10 Networks during the first quarter valued at about $278,000. Bank of New York Mellon Corp boosted its stake in A10 Networks by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 209,963 shares of the communications equipment provider’s stock valued at $1,921,000 after buying an additional 8,036 shares in the last quarter. US Bancorp DE boosted its stake in A10 Networks by 618.0% in the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock valued at $146,000 after buying an additional 13,719 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in A10 Networks by 2.5% in the first quarter. American Century Companies Inc. now owns 76,115 shares of the communications equipment provider’s stock valued at $696,000 after buying an additional 1,870 shares in the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.
Shares of A10 Networks (ATEN) opened at 6.29 on Friday. A10 Networks has a one year low of $6.09 and a one year high of $10.87. The stock’s market cap is $371.30 million. The company has a 50-day moving average price of $7.44 and a 200 day moving average price of $8.39.
A10 Networks Company Profile
A10 Networks, Inc is a provider of software and hardware solutions. The Company’s solutions enable its customers to secure and optimize the performance of their data center and cloud applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for A10 Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks Inc and related companies with MarketBeat.com's FREE daily email newsletter.