Brokerages expect A10 Networks, Inc. (NYSE:ATEN) to announce earnings per share of ($0.05) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for A10 Networks’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.06). The firm is scheduled to report its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that A10 Networks will report full year earnings of ($0.08) per share for the current year, with EPS estimates ranging from ($0.09) to ($0.06). For the next financial year, analysts anticipate that the business will post earnings of $0.02 per share, with EPS estimates ranging from ($0.07) to $0.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover A10 Networks.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.06. A10 Networks had a negative net margin of 8.00% and a negative return on equity of 20.33%. The firm had revenue of $53.69 million for the quarter, compared to analyst estimates of $52.99 million. During the same period in the previous year, the business earned ($0.02) EPS. The company’s revenue was down 6.0% compared to the same quarter last year.

A number of research firms have weighed in on ATEN. BidaskClub raised shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research note on Friday. Bank of America Corporation dropped their price objective on shares of A10 Networks from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Friday, July 14th. DA Davidson raised their price objective on shares of A10 Networks to $9.00 and gave the company a “buy” rating in a research note on Friday, July 14th. KeyCorp downgraded shares of A10 Networks from an “overweight” rating to a “sector weight” rating in a report on Friday, July 14th. Finally, ValuEngine downgraded shares of A10 Networks from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. A10 Networks presently has a consensus rating of “Hold” and a consensus target price of $9.60.

A10 Networks (NYSE:ATEN) traded down 4.49% on Friday, hitting $6.60. 2,613,898 shares of the stock traded hands. A10 Networks has a 52 week low of $6.02 and a 52 week high of $10.87. The firm’s market capitalization is $389.60 million. The stock has a 50 day moving average of $6.56 and a 200 day moving average of $7.98.

In related news, EVP Robert D. Cochran sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lee Chen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $8.46, for a total transaction of $211,500.00. Following the sale, the chief executive officer now owns 10,686,538 shares of the company’s stock, valued at approximately $90,408,111.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,311 shares of company stock valued at $2,406,049. 34.05% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gotham Asset Management LLC purchased a new stake in A10 Networks during the first quarter worth about $103,000. Campbell & CO Investment Adviser LLC increased its holdings in A10 Networks by 1.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 146 shares during the last quarter. Airain ltd purchased a new stake in A10 Networks during the first quarter worth about $112,000. KCG Holdings Inc. purchased a new stake in A10 Networks during the first quarter worth about $115,000. Finally, US Bancorp DE increased its holdings in A10 Networks by 618.0% during the first quarter. US Bancorp DE now owns 15,939 shares of the communications equipment provider’s stock worth $146,000 after buying an additional 13,719 shares during the last quarter. Institutional investors and hedge funds own 56.51% of the company’s stock.

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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.

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