A10 Networks, Inc. (NYSE:ATEN) Plans $0.06 Quarterly Dividend

A10 Networks, Inc. (NYSE:ATEN) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Monday, February 16th will be paid a dividend of 0.06 per share by the communications equipment provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 13th.

A10 Networks has a dividend payout ratio of 24.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect A10 Networks to earn $0.79 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 30.4%.

A10 Networks Trading Up 11.5%

Shares of NYSE ATEN opened at $19.26 on Thursday. A10 Networks has a 52-week low of $13.81 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.49 and a current ratio of 3.64. The stock has a market cap of $1.38 billion, a P/E ratio of 28.22 and a beta of 1.23. The firm has a 50 day moving average price of $17.68 and a two-hundred day moving average price of $17.73.

A10 Networks (NYSE:ATEN) last issued its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.The firm had revenue of $80.36 million for the quarter, compared to analyst estimates of $78.09 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. A10 Networks has set its FY 2026 guidance at 0.640-0.650 EPS. As a group, equities analysts forecast that A10 Networks will post 0.69 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATEN. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research report on Wednesday, January 21st. Wall Street Zen lowered A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, BTIG Research restated a “buy” rating and set a $22.00 target price on shares of A10 Networks in a report on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

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.