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Monday, June 5, 2023

A10 Networks Inc. (ATEN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for A10 Networks Inc. (ATEN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same by $0.00, or 0.00%, to $14.62. The A10 Networks Inc. has recorded 203,768 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Türk Telekom Delivers DDoS Protection Services for Business Customers with A10 Networks.

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Stocks Info

A10 Networks Inc. is listed on the NYSE in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $14.62 and fluctuated between $14.69 as its day high and $14.42 as its day low. The current market capitalization of A10 Networks Inc. is $1.08B. A total of 0.75 million shares were traded on the day, compared to an average of 656.14K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ATEN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 24,785 shares. Over the last 12 months, there were 13 BUYs and 48 SELLs from insiders. Insiders purchased 323,902 shares during that period but sold 8,939,863.

In the most recent transaction, Becker Brian sold 12,500 shares of ATEN for 14.13 per share on May 19. After the transaction, the Chief Financial Officer now owns 59,380 company shares. In a previous transaction on May 16, Trivedi Dhrupad sold 47,336 shares at 13.87 per share. ATEN shares that Chief Executive Officer owns now total 548,599.

Among the insiders who sold shares, BRUENING MATTHEW P disposed of 11,301 shares on May 12 at a per-share price of $13.96. This resulted in the EVP, Worldwide Sales & Mktg holding 110,392 shares of ATEN after the transaction. In another insider transaction, BRUENING MATTHEW P sold 2,766 shares at $13.78 per share on May 08. Company shares held by the EVP, Worldwide Sales & Mktg now total 121,693.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. A10 Networks Inc. pays an annual dividend of $0.24, resulting in a dividend yield of 1.64%, and it has a price to earnings (P/E) ratio of 24.09. ATEN’s most recent ex-dividend date was 5/12/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 6/1/2023. Previously, the company paid the dividend on 3/1/2023 with an ex-dividend date of 2/16/2023. The ATEN stock dividend was $0.06 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ATEN in the last 3 months, the mean price target is $20.67 with high estimates of $24.00 and low estimates of $19.00. In terms of 52-week highs and lows, ATEN has a high of $19.79 and a low of $12.61.

As of this writing, ATEN has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.17. The company reported an EPS of $0.24 in the last quarter, which was 9.10% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ATEN’s latest balance sheet shows that the firm has $185.04M in Cash & Short Term Investments as of fiscal 2021. There were $23.30M in debt and $116.08M in liabilities at the time. Its Book Value Per Share was $2.51, while its Total Shareholder’s Equity was $208.89M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATEN is Buy with a score of 3.50.

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