Brokerages Anticipate A10 Networks Inc (NYSE:ATEN) Will Announce Earnings of $0.04 Per Share

Wall Street brokerages expect A10 Networks Inc (NYSE:ATEN) to announce earnings per share (EPS) of $0.04 for the current quarter, Zacks reports. Zero analysts have made estimates for A10 Networks’ earnings. A10 Networks posted earnings per share of $0.03 during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The company is scheduled to issue its next earnings results 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 year. For the next year, analysts forecast that the firm will post earnings of $0.17 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover A10 Networks.

A10 Networks (NYSE:ATEN) last issued its earnings results on Tuesday, July 30th. The communications equipment provider reported ($0.08) EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $53.06 million. A10 Networks’s revenue was down 18.9% on a year-over-year basis.

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

A10 Networks stock opened at $6.16 on Wednesday. A10 Networks has a 12-month low of $5.51 and a 12-month high of $8.29. The company has a market capitalization of $471.61 million, a price-to-earnings ratio of -28.00 and a beta of 0.64. The firm’s fifty day moving average price is $6.99 and its 200 day moving average price is $6.85.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in A10 Networks by 2.3% during the 2nd quarter. Wells Fargo & Company MN now owns 98,322 shares of the communications equipment provider’s stock worth $671,000 after buying an additional 2,172 shares during the period. AQR Capital Management LLC increased its stake in A10 Networks by 1.5% during the 2nd quarter. AQR Capital Management LLC now owns 209,947 shares of the communications equipment provider’s stock worth $1,432,000 after buying an additional 3,037 shares during the period. Quantamental Technologies LLC increased its position in shares of A10 Networks by 2,000.0% in the 2nd quarter. Quantamental Technologies LLC now owns 4,935 shares of the communications equipment provider’s stock worth $34,000 after purchasing an additional 4,700 shares during the last quarter. Prudential Financial Inc. increased its position in shares of A10 Networks by 25.6% in the 2nd quarter. Prudential Financial Inc. now owns 23,436 shares of the communications equipment provider’s stock worth $160,000 after purchasing an additional 4,780 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of A10 Networks by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 253,387 shares of the communications equipment provider’s stock worth $1,728,000 after purchasing an additional 6,120 shares during the last quarter. 68.16% of the stock is currently owned by hedge funds and other institutional investors.

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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