Brokerages expect A10 Networks Inc (NYSE:ATEN) to post earnings per share of ($0.04) for the current quarter, according to Zacks. Zero analysts have provided estimates for A10 Networks’ earnings. A10 Networks reported earnings per share of $0.02 during the same quarter last year, which suggests a negative year over year growth rate of 300%. The firm is expected to announce its next quarterly earnings results on Thursday, August 29th.

According to Zacks, analysts expect that A10 Networks will report full year earnings of ($0.02) per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of $0.10 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover A10 Networks.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.07). A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. The business had revenue of $50.30 million during the quarter, compared to the consensus estimate of $51.66 million. The company’s revenue was up 2.2% on a year-over-year basis.

ATEN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, June 4th. ValuEngine cut shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th.

In other news, CFO Thomas Constantino sold 15,492 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $6.98, for a total value of $108,134.16. Following the transaction, the chief financial officer now owns 210,816 shares in the company, valued at approximately $1,471,495.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 26,379 shares of company stock worth $178,699 in the last quarter. Company insiders own 28.87% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its stake in A10 Networks by 69.8% during the 1st quarter. Meeder Asset Management Inc. now owns 4,260 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 1,751 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in A10 Networks by 102.9% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 8,444 shares of the communications equipment provider’s stock worth $59,000 after acquiring an additional 4,282 shares during the period. American Century Companies Inc. bought a new stake in A10 Networks during the 4th quarter worth approximately $73,000. BNP Paribas Arbitrage SA raised its stake in A10 Networks by 27,032.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,853 shares of the communications equipment provider’s stock worth $77,000 after acquiring an additional 10,813 shares during the period. Finally, SG Americas Securities LLC bought a new stake in A10 Networks during the 1st quarter worth approximately $83,000. Institutional investors own 65.90% of the company’s stock.

Shares of NYSE:ATEN traded up $0.14 during trading on Wednesday, hitting $7.15. The company’s stock had a trading volume of 29,071 shares, compared to its average volume of 387,944. The company has a 50-day simple moving average of $6.50. A10 Networks has a 12 month low of $5.51 and a 12 month high of $7.46. The firm has a market cap of $530.24 million, a price-to-earnings ratio of -32.48 and a beta of 0.75.

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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