A10 Networks, Inc. (ATEN) to Issue Quarterly Dividend of $0.06 on June 1st

A10 Networks, Inc. (NYSE:ATEN) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be given a dividend of 0.06 per share by the communications equipment provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, May 15th.

A10 Networks has a payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect A10 Networks to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 25.3%.

A10 Networks Price Performance

NYSE ATEN opened at $27.39 on Wednesday. A10 Networks has a 12 month low of $16.52 and a 12 month high of $28.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 3.71 and a quick ratio of 3.56. The firm has a market capitalization of $1.97 billion, a PE ratio of 44.17 and a beta of 1.17. The company’s 50 day simple moving average is $24.13 and its 200 day simple moving average is $20.16.

A10 Networks (NYSE:ATEN) last posted its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. A10 Networks had a net margin of 14.90% and a return on equity of 25.00%. The business had revenue of $75.00 million for the quarter, compared to analyst estimates of $72.62 million. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities research analysts forecast that A10 Networks will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ATEN. DNB Markets set a $9.00 target price on shares of A10 Networks in a report on Monday, March 9th. BWS Financial raised their target price on shares of A10 Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Mizuho raised their target price on shares of A10 Networks from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Loop Capital set a $25.00 target price on shares of A10 Networks in a report on Monday, March 9th. Finally, Wall Street Zen upgraded shares of A10 Networks from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, A10 Networks presently has an average rating of “Moderate Buy” and an average target price of $23.86.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.