Is A10 Networks Inc (NYSE: ATEN) No Longer A Good Investment?

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.

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Stocks Info

ATEN belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. The current market capitalization of A10 Networks Inc is $978.78M. A total of 0.45 million shares were traded on the day, compared to an average of 891.73K shares.

In the most recent transaction, CHUNG PETER Y sold 3,296,047 shares of ATEN for 15.40 per share on May 20 ’24. After the transaction, the Director now owns 619,166 company shares. In a previous transaction on Mar 05 ’24, Trivedi Dhrupad sold 60,606 shares at 13.27 per share. ATEN shares that Chief Executive Officer owns now total 495,814.

Among the insiders who sold shares, Becker Brian disposed of 15,000 shares on Feb 13 ’24 at a per-share price of $12.93. This resulted in the Chief Financial Officer holding 34,252 shares of ATEN after the transaction. In another insider transaction, Trivedi Dhrupad sold 28,957 shares at $13.21 per share on Feb 02 ’24. Company shares held by the Chief Executive Officer now total 565,099.

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 1.81%, and it has a price to earnings (P/E) ratio of 22.88. ATEN’s most recent ex-dividend date was 8/15/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/3/2024 with an ex-dividend date of 5/14/2024. 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. In terms of 52-week highs and lows, ATEN has a high of $16.46 and a low of $10.03.

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 $2.90, 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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