There’s No Getting Around A10 Networks Inc (NYSE: ATEN) Success

After Hours

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. Yahoo Finance discussed the stock recently as it posted A10 Networks to Announce Fourth Quarter and Full Year 2023 Financial Results on February 6, 2024.

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Stocks Info

ATEN belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $13.58 and fluctuated between $13.72 as its day high and $13.53 as its day low. The current market capitalization of A10 Networks Inc is $1.01B. A total of 0.55 million shares were traded on the day, compared to an average of 767.05K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ATEN has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 5,151 shares. Over the last 12 months, there were 13 BUYs and 39 SELLs from insiders. Insiders purchased 296,615 shares during that period but sold 259,248.

In the most recent transaction, Trivedi Dhrupad sold 15,729 shares of ATEN for 12.71 per share on Dec 06. After the transaction, the Chief Executive Officer now owns 491,814 company shares. In a previous transaction on Nov 13, BRUENING MATTHEW P sold 5,151 shares at 12.12 per share. ATEN shares that EVP, Worldwide Sales & Mktg owns now total 85,307.

Among the insiders who sold shares, Trivedi Dhrupad disposed of 6,622 shares on Sep 05 at a per-share price of $15.10. This resulted in the Chief Executive Officer holding 507,543 shares of ATEN after the transaction. In another insider transaction, BRUENING MATTHEW P sold 2,085 shares at $15.10 per share on Sep 05. Company shares held by the EVP, Worldwide Sales & Mktg now total 90,458.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. A10 Networks Inc pays an annual dividend of $0.24, resulting in a dividend yield of 1.77%, and it has a price to earnings (P/E) ratio of 25.57. ATEN’s most recent ex-dividend date was 11/16/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 12/1/2023. Previously, the company paid the dividend on 9/1/2023 with an ex-dividend date of 8/14/2023. The ATEN stock dividend was $0.06 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ATEN in the last 3 months, the mean price target is $15.33 with high estimates of $16.00 and low estimates of $15.00. In terms of 52-week highs and lows, ATEN has a high of $16.28 and a low of $10.03.

As of this writing, ATEN has an earnings estimate of $The Arena Group Holdings, Inc. per share for the current quarter. EPS was calculated based on a consensus of Agenus Inc. estimates, with a high estimate of $Aterian, Inc. per share and a lower estimate of $Patterson-UTI Energy, Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $2.63, while its Total Shareholder’s Equity was $208.89M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.

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