On Tuesday, A10 Networks Inc (NYSE: ATEN) opened higher 1.04% from the last session, before settling in for the closing price of $13.42. Price fluctuations for ATEN have ranged from $10.03 to $16.46 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 2.08% annually for the last half of the decade. Company’s average yearly earnings per share was noted 3.94% at the time writing. With a float of $71.56 million, this company’s outstanding shares have now reached $74.36 million.
In an organization with 525 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 80.81%, operating margin of 14.2%, and the pretax margin is 18.58%.
A10 Networks Inc (ATEN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of A10 Networks Inc is 3.13%, while institutional ownership is 96.87%. The most recent insider transaction that took place on May 20 ’24, was worth 50,759,124. In this transaction Director of this company sold 3,296,047 shares at a rate of $15.40, taking the stock ownership to the 619,166 shares. Before that another transaction happened on Mar 05 ’24, when Company’s Chief Executive Officer sold 60,606 for $13.27, making the entire transaction worth $804,242. This insider now owns 495,814 shares in total.
A10 Networks Inc (ATEN) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.14) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.94% per share during the next fiscal year.
A10 Networks Inc (NYSE: ATEN) Trading Performance Indicators
Check out the current performance indicators for A10 Networks Inc (ATEN). In the past quarter, the stock posted a quick ratio of 2.12. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.02. Likewise, its price to free cash flow for the trailing twelve months is 17.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.58, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.85 in one year’s time.
Technical Analysis of A10 Networks Inc (ATEN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.71 million. That was inferior than the volume of 0.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.34%. Additionally, its Average True Range was 0.33.
During the past 100 days, A10 Networks Inc’s (ATEN) raw stochastic average was set at 30.79%, which indicates a significant decrease from 88.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.81% in the past 14 days, which was lower than the 40.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.43, while its 200-day Moving Average is $13.56. However, in the short run, A10 Networks Inc’s stock first resistance to watch stands at $13.73. Second resistance stands at $13.89. The third major resistance level sits at $14.08. If the price goes on to break the first support level at $13.38, it is likely to go to the next support level at $13.19. The third support level lies at $13.03 if the price breaches the second support level.
A10 Networks Inc (NYSE: ATEN) Key Stats
There are currently 74,455K shares outstanding in the company with a market cap of 1.00 billion. Presently, the company’s annual sales total 251,700 K according to its annual income of 39,970 K. Last quarter, the company’s sales amounted to 60,100 K and its income totaled 9,480 K.
