A10 Networks (NYSE:ATEN) Posts Quarterly Earnings Results

A10 Networks (NYSE:ATEN) announced its earnings results on Tuesday. The communications equipment provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. The firm had revenue of $49.20 million during the quarter, compared to analyst estimates of $53.06 million. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. A10 Networks updated its Q3 2019 guidance to $-0.04-0.03 EPS and its Q3 guidance to ($0.04) – $0.03 EPS.

Shares of ATEN stock traded down $0.29 during trading on Friday, hitting $7.23. 112,588 shares of the company were exchanged, compared to its average volume of 465,997. The company has a market capitalization of $548.35 million, a price-to-earnings ratio of -32.84 and a beta of 0.75. The business’s 50-day moving average is $7.03. A10 Networks has a twelve month low of $5.51 and a twelve month high of $8.29.

In related news, CFO Thomas Constantino sold 15,492 shares of the firm’s stock in a transaction that occurred 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 directly owns 210,816 shares in the company, valued at $1,471,495.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 28.87% of the company’s stock.

Several research analysts have commented on ATEN shares. ValuEngine cut shares of A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of A10 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th.

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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Earnings History for A10 Networks (NYSE:ATEN)

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