Wall Street brokerages expect A10 Networks Inc (NYSE:ATEN) to announce $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for A10 Networks’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.02). A10 Networks also reported earnings of $0.03 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Thursday, February 8th.

According to Zacks, analysts expect that A10 Networks will report full-year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.03) to $0.04. For the next year, analysts expect that the firm will report earnings of $0.07 per share, with EPS estimates ranging from $0.01 to $0.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover A10 Networks.

A10 Networks (NYSE:ATEN) last released its earnings results on Thursday, October 26th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. A10 Networks had a negative net margin of 6.94% and a negative return on equity of 17.63%. The company had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $59.46 million. The company’s revenue for the quarter was up 11.4% on a year-over-year basis.

A number of research analysts recently weighed in on ATEN shares. BidaskClub upgraded shares of A10 Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Zacks Investment Research upgraded shares of A10 Networks from a “strong sell” rating to a “hold” rating and set a $8.50 target price on the stock in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. A10 Networks presently has a consensus rating of “Hold” and an average price target of $9.13.

A10 Networks (NYSE ATEN) traded down $0.15 on Friday, hitting $7.87. 504,450 shares of the company were exchanged, compared to its average volume of 452,004. A10 Networks has a 52 week low of $6.02 and a 52 week high of $9.94.

A10 Networks announced that its Board of Directors has approved a stock repurchase program on Thursday, October 26th that authorizes the company to repurchase 20,000,000 outstanding shares. This repurchase authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

In other A10 Networks news, Director Alan S. Henricks sold 22,590 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $7.34, for a total value of $165,810.60. Following the sale, the director now owns 41,981 shares in the company, valued at approximately $308,140.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lee Chen sold 25,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $6.57, for a total transaction of $164,250.00. Following the completion of the sale, the chief executive officer now owns 10,411,538 shares in the company, valued at approximately $68,403,804.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 387,793 shares of company stock worth $2,842,743. Corporate insiders own 31.57% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ATEN. Campbell & CO Investment Adviser LLC lifted its stake in A10 Networks by 1.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 11,826 shares of the communications equipment provider’s stock worth $100,000 after purchasing an additional 146 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in A10 Networks in the 3rd quarter worth $109,000. KCG Holdings Inc. purchased a new stake in A10 Networks in the 1st quarter worth $115,000. Capital Fund Management S.A. purchased a new stake in A10 Networks in the 2nd quarter worth $149,000. Finally, Voya Investment Management LLC lifted its stake in A10 Networks by 21.2% in the 2nd quarter. Voya Investment Management LLC now owns 22,826 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 3,994 shares in the last quarter. Institutional investors and hedge funds own 58.21% of the company’s stock.

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About A10 Networks

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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