A10 Networks, Inc. (NYSE:ATEN) Stock to Pay Quarterly Dividend of $0.06

by · The Markets Daily

A10 Networks, Inc. (NYSE:ATEN – Get Free Report) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be given a dividend of $0.06 per share by the communications equipment provider on Tuesday, December 1st. This represents a $0.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, November 16th.

A10 Networks has a payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect A10 Networks to earn $0.91 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 26.4%.

A10 Networks Stock Down 5.3%

ATEN opened at $22.55 on Friday. The firm has a 50 day moving average price of $25.96 and a 200-day moving average price of $26.55. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 37.59 and a beta of 0.99. A10 Networks has a twelve month low of $16.52 and a twelve month high of $38.49.

A10 Networks (NYSE:ATEN – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $91.55 million for the quarter, compared to the consensus estimate of $83.88 million. A10 Networks had a return on equity of 23.63% and a net margin of 13.85%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, analysts expect that A10 Networks will post 0.81 earnings per share for the current year.

A10 Networks Company Profile

(Get Free Report)

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.

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