Analysts expect A10 Networks Inc (NYSE:ATEN) to post earnings of $0.04 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for A10 Networks’ earnings. A10 Networks posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that A10 Networks will report full-year earnings of $0.04 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.17 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover A10 Networks.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings data on Tuesday, July 30th. The communications equipment provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). A10 Networks had a negative net margin of 9.67% and a negative return on equity of 16.48%. The business had revenue of $49.20 million for the quarter, compared to analyst estimates of $53.06 million. The business’s revenue for the quarter was down 18.9% on a year-over-year basis.

Several equities analysts recently issued reports on ATEN shares. ValuEngine cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Zacks Investment Research cut shares of A10 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Adirondack Research & Management Inc. purchased a new stake in A10 Networks in the 1st quarter worth $1,138,000. Aperio Group LLC purchased a new stake in shares of A10 Networks during the second quarter worth $46,000. King Luther Capital Management Corp grew its holdings in shares of A10 Networks by 20.0% during the second quarter. King Luther Capital Management Corp now owns 90,000 shares of the communications equipment provider’s stock worth $614,000 after buying an additional 15,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of A10 Networks by 100.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 595,203 shares of the communications equipment provider’s stock worth $4,060,000 after buying an additional 298,878 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of A10 Networks by 6.2% during the second quarter. Panagora Asset Management Inc. now owns 608,139 shares of the communications equipment provider’s stock worth $4,148,000 after buying an additional 35,243 shares in the last quarter. Hedge funds and other institutional investors own 68.16% of the company’s stock.

Shares of ATEN traded down $0.08 during trading hours on Wednesday, hitting $6.35. The stock had a trading volume of 128,359 shares, compared to its average volume of 405,733. The firm has a 50-day moving average price of $7.02 and a 200 day moving average price of $6.86. A10 Networks has a fifty-two week low of $5.51 and a fifty-two week high of $8.29. The firm has a market capitalization of $505.30 million, a price-to-earnings ratio of -28.86 and a beta of 0.64.

About A10 Networks

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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