A10 Networks (NYSE:ATEN) Posts Earnings Results, Misses Expectations By $0.04 EPS

A10 Networks (NYSE:ATEN) released its quarterly earnings data on Tuesday. The communications equipment provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Zacks reports. The firm had revenue of $49.20 million for the quarter, compared to analyst estimates of $53.06 million. A10 Networks had a negative return on equity of 12.11% and a negative net margin of 8.67%. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. A10 Networks updated its Q3 2019 guidance to $-0.04-0.03 EPS and its Q3 guidance to ($0.04) – $0.03 EPS.

Shares of ATEN stock remained flat at $$7.58 on Thursday. The stock had a trading volume of 30,210 shares, compared to its average volume of 458,367. A10 Networks has a 1-year low of $5.51 and a 1-year high of $8.29. The company has a market cap of $573.35 million, a PE ratio of -34.45 and a beta of 0.75. The firm’s fifty day simple moving average is $7.00.

A number of research firms have recently commented on ATEN. Zacks Investment Research upgraded A10 Networks from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. ValuEngine downgraded A10 Networks from a “buy” rating to a “hold” rating in a report on Wednesday.

In related news, CFO Thomas Constantino sold 15,492 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $6.98, for a total value of $108,134.16. Following the completion of the sale, the chief financial officer now directly owns 210,816 shares in the company, valued at approximately $1,471,495.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 28.87% of the stock is currently owned by corporate insiders.

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.

Read More: How to Invest in a Bull Market

Earnings History for A10 Networks (NYSE:ATEN)

Receive News & Ratings for A10 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A10 Networks and related companies with MarketBeat.com's FREE daily email newsletter.