A10 Networks (ATEN)
Market Price (9/26/2026): $25.735 | Market Cap: $1.9 BilSector: Information Technology | Industry: Systems Software
A10 Networks (ATEN)
Market Price (9/26/2026): $25.735Market Cap: $1.9 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% Low stock price volatilityVol 12M is 37% Megatrend and thematic driversMegatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, Cloud Security, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Key risksATEN key risks include [1] high revenue concentration from a limited number of end-customers and [2] execution risk and revenue volatility from its early-stage strategic pivot to AI-driven cybersecurity solutions. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, Cloud Security, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Key risksATEN key risks include [1] high revenue concentration from a limited number of end-customers and [2] execution risk and revenue volatility from its early-stage strategic pivot to AI-driven cybersecurity solutions. |
Qualitative Assessment
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A10 Networks (ATEN) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Report Despite Beats. While A10 Networks exceeded revenue and non-GAAP diluted EPS estimates for its fiscal Q2 2026, reporting revenue of $80.1 million (a 15.5% year-over-year increase) and non-GAAP diluted EPS of $0.25, the GAAP net income for the quarter decreased to $8.88 million, or $0.12 diluted EPS, compared to $10.54 million or $0.14 diluted EPS in the prior year. This year-over-year decline in GAAP profitability likely contributed to investor caution, overshadowing the beats and raised full-year guidance.
2. Elevated Valuation in a Sensitive Market. A10 Networks' stock traded with a price-to-earnings (P/E) ratio of 44.2 as of September 15, 2026, which is higher than the Software industry median of 39.3. This elevated valuation likely made the stock more susceptible to a pullback, particularly following any mixed financial signals, such as the GAAP net income decline in fiscal Q2 2026, as investors adjusted their positions to reflect perceived overvaluation.
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A10 Networks (ATEN) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Report Despite Beats. While A10 Networks exceeded revenue and non-GAAP diluted EPS estimates for its fiscal Q2 2026, reporting revenue of $80.1 million (a 15.5% year-over-year increase) and non-GAAP diluted EPS of $0.25, the GAAP net income for the quarter decreased to $8.88 million, or $0.12 diluted EPS, compared to $10.54 million or $0.14 diluted EPS in the prior year. This year-over-year decline in GAAP profitability likely contributed to investor caution, overshadowing the beats and raised full-year guidance.
2. Elevated Valuation in a Sensitive Market. A10 Networks' stock traded with a price-to-earnings (P/E) ratio of 44.2 as of September 15, 2026, which is higher than the Software industry median of 39.3. This elevated valuation likely made the stock more susceptible to a pullback, particularly following any mixed financial signals, such as the GAAP net income decline in fiscal Q2 2026, as investors adjusted their positions to reflect perceived overvaluation.
3. Macroeconomic Headwinds and Regional Demand Weakness. During its fiscal Q2 2026 earnings commentary, A10 Networks highlighted specific regional challenges, noting that the EMEA region was "impacted by geopolitical environment" and Japan faced "macroeconomic pressures". Additionally, the company observed that "Americas service provider spend is normalizing". These broader macroeconomic uncertainties and specific regional demand slowdowns likely contributed to a more conservative investor outlook and selling pressure on the stock.
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Stock Movement Drivers
Fundamental Drivers
The -14.4% change in ATEN stock from 5/31/2026 to 9/25/2026 was primarily driven by a -10.5% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.07 | 25.73 | -14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 299 | 310 | 3.6% |
| Net Income Margin (%) | 14.9% | 13.9% | -7.0% |
| P/E Multiple | 48.3 | 43.2 | -10.5% |
| Shares Outstanding (Mil) | 72 | 72 | -0.7% |
| Cumulative Contribution | -14.4% |
Market Drivers
5/31/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| ATEN | -14.4% | |
| Market (SPY) | 2.2% | 36.6% |
| Sector (XLK) | 2.9% | 47.5% |
Fundamental Drivers
The 34.2% change in ATEN stock from 2/28/2026 to 9/25/2026 was primarily driven by a 32.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.18 | 25.73 | 34.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 291 | 310 | 6.8% |
| Net Income Margin (%) | 14.5% | 13.9% | -4.5% |
| P/E Multiple | 32.6 | 43.2 | 32.6% |
| Shares Outstanding (Mil) | 72 | 72 | -0.8% |
| Cumulative Contribution | 34.2% |
Market Drivers
2/28/2026 to 9/25/2026| Return | Correlation | |
|---|---|---|
| ATEN | 34.2% | |
| Market (SPY) | 13.0% | 36.6% |
| Sector (XLK) | 41.8% | 47.7% |
Fundamental Drivers
The 46.9% change in ATEN stock from 8/31/2025 to 9/25/2026 was primarily driven by a 74.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.52 | 25.73 | 46.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 276 | 310 | 12.2% |
| Net Income Margin (%) | 18.5% | 13.9% | -24.9% |
| P/E Multiple | 24.7 | 43.2 | 74.7% |
| Shares Outstanding (Mil) | 72 | 72 | -0.2% |
| Cumulative Contribution | 46.9% |
Market Drivers
8/31/2025 to 9/25/2026| Return | Correlation | |
|---|---|---|
| ATEN | 46.9% | |
| Market (SPY) | 20.9% | 34.8% |
| Sector (XLK) | 50.4% | 43.4% |
Fundamental Drivers
The 80.2% change in ATEN stock from 8/31/2023 to 9/25/2026 was primarily driven by a 87.0% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9252026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.28 | 25.73 | 80.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 273 | 310 | 13.5% |
| Net Income Margin (%) | 16.7% | 13.9% | -17.2% |
| P/E Multiple | 23.1 | 43.2 | 87.0% |
| Shares Outstanding (Mil) | 74 | 72 | 2.6% |
| Cumulative Contribution | 80.2% |
Market Drivers
8/31/2023 to 9/25/2026| Return | Correlation | |
|---|---|---|
| ATEN | 80.2% | |
| Market (SPY) | 77.8% | 37.1% |
| Sector (XLK) | 127.9% | 37.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATEN Return | 69% | 2% | -19% | 42% | -3% | 48% | 183% |
| Peers Return | 8% | -42% | 55% | 11% | -5% | 1% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| ATEN Win Rate | 67% | 42% | 50% | 75% | 58% | 67% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 54% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| ATEN Max Drawdown | -26% | -24% | -36% | -25% | -31% | -36% | |
| Peers Max Drawdown | -22% | -53% | -30% | -35% | -34% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, PATH, S, CVLT, BTLN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/25/2026 (YTD)
How Low Can It Go
| Event | ATEN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.6% | -18.8% |
| % Gain to Breakeven | 44.2% | 23.1% |
| Time to Breakeven | 343 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.5% | -9.5% |
| % Gain to Breakeven | 36.1% | 10.5% |
| Time to Breakeven | 131 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.9% | -24.5% |
| % Gain to Breakeven | 28.0% | 32.4% |
| Time to Breakeven | 51 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.1% | -33.7% |
| % Gain to Breakeven | 104.5% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.5% | 3.9% |
| Time to Breakeven | 1544 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -33.3% | -12.2% |
| % Gain to Breakeven | 50.0% | 13.9% |
| Time to Breakeven | 169 days | 62 days |
In The Past
A10 Networks's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.2% gain to breakeven.
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| Event | ATEN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.6% | -18.8% |
| % Gain to Breakeven | 44.2% | 23.1% |
| Time to Breakeven | 343 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.5% | -9.5% |
| % Gain to Breakeven | 36.1% | 10.5% |
| Time to Breakeven | 131 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.9% | -24.5% |
| % Gain to Breakeven | 28.0% | 32.4% |
| Time to Breakeven | 51 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.1% | -33.7% |
| % Gain to Breakeven | 104.5% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -29.8% | -3.7% |
| % Gain to Breakeven | 42.5% | 3.9% |
| Time to Breakeven | 1544 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -33.3% | -12.2% |
| % Gain to Breakeven | 50.0% | 13.9% |
| Time to Breakeven | 169 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -66.3% | -6.8% |
| % Gain to Breakeven | 196.7% | 7.3% |
| Time to Breakeven | 2259 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -21.3% | -0.2% |
| % Gain to Breakeven | 27.1% | 0.2% |
| Time to Breakeven | 2744 days | 1 days |
In The Past
A10 Networks's stock fell -30.6% during the 2025 US Tariff Shock. Such a loss loss requires a 44.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About A10 Networks (ATEN)
A10 Networks, Inc. (ATEN) specializes in providing advanced networking and security solutions designed to ensure the performance, availability, and security of applications and networks across various environments. The company's offerings help organizations efficiently manage complex network traffic, protect against cyber threats, and facilitate secure application delivery, including in multi-cloud infrastructures. A10 Networks delivers its solutions on a range of platforms, from optimized hardware appliances to bare metal software, containerized software, virtual appliances, and cloud-native software.
The company's core product portfolio includes Application Delivery Controllers (ADCs), such as Thunder ADC for advanced server load balancing and Lightning ADC for cloud-native application delivery and security. A10 also provides comprehensive security solutions like the Thunder Threat Protection System (TPS) for protection against distributed denial-of-service (DDoS) attacks, Thunder SSL Insight for decrypting encrypted traffic for deep packet inspection, and the Thunder Convergent Firewall (CFW) which consolidates multiple security and networking functions. Additionally, for service provider networks, A10 offers Thunder Carrier Grade Networking (CGN) for address and protocol translation services.
A10 Networks serves a diverse global customer base, including cloud providers, telecommunications and cable service providers, government organizations, and large enterprises. Its enterprise customers span various industries such as technology, industrial, retail, financial, gaming, and education. The company distributes its products through a combination of direct sales teams and a robust network of channel partners, including distributors, value-added resellers, and system integrators.
```AI Analysis | Feedback
1. Like F5 Networks, but with a stronger focus on network security and service provider solutions.
2. Like Fortinet or Palo Alto Networks, but specializing in securing application delivery and critical network infrastructure.
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- Thunder Application Delivery Controller (ADC): Provides advanced server load balancing capabilities.
- Lightning ADC: A cloud-native software-as-a-service platform for boosting the delivery and security of applications and microservices.
- Thunder Carrier Grade Networking (CGN): Offers standards-compliant address and protocol translation services for service provider networks.
- Thunder Threat Protection System (TPS): Protects networks and server resources from large-scale distributed denial of service (DDoS) attacks.
- Thunder SSL Insight: Decrypts SSL-encrypted traffic for inspection by third-party security devices.
- Thunder Convergent Firewall (CFW): Consolidates various critical security and networking functions into a single appliance.
- Harmony Controller: Offers intelligent management, automation, and analytics for secure application delivery across multi-cloud environments.
- aGalaxy TPS: A multi-device network management solution.
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A10 Networks (ATEN) sells its networking solutions primarily to other companies and organizations, rather than individuals. Based on the provided description, its major customers are organizations and companies within the following categories:
- Cloud providers
- Service providers, which include cloud, telecommunications, and multiple system and cable operators.
- Government organizations
- Enterprises across various industries such as technology, industrial, retail, financial, gaming, and education.
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Dhrupad Trivedi, President and Chief Executive Officer
Dhrupad Trivedi joined A10 Networks in December 2019 as president and chief executive officer. He also serves as the Chairman of the Board. Prior to A10 Networks, Dr. Trivedi held multiple roles as executive vice president at Belden Inc. from 2010 to 2019, including running Tripwire (a cybersecurity software business), corporate development, and president of the Network Solutions platform and Trapeze Networks. Before Belden, he held various general management and corporate development positions at JDS Uniphase (now Viavi Solutions). He holds a Ph.D. in electrical engineering from the University of Massachusetts, Amherst, a master's degree in electrical engineering from the University of Alabama, and an MBA in finance from Duke University.
Michelle Caron, Chief Financial Officer
Michelle Caron was appointed Chief Financial Officer of A10 Networks, effective September 24, 2025. She replaced Brian Becker. Ms. Caron brings over 20 years of finance leadership experience, having previously served as a VP Finance and CFO at Beckman Coulter Life Sciences, a division of Danaher Corporation.
Sheen Khoury, Executive Vice President, Worldwide Sales & Marketing
Sheen Khoury joined A10 Networks in June 2025 as the executive vice president of sales and marketing.
Scott Weber, General Counsel and Corporate Secretary
Scott Weber has served as A10 Networks' General Counsel and Corporate Secretary since June 2022.
Bret Sloan, Head of Global Operations
Bret Sloan joined A10 Networks in November 2017 as Director of Global Supply-Chain Operations and was appointed as Head of Operations in August 2021. He brings over two decades of global senior management experience across the entire value chain and has held senior Operations/Supply-Chain and technical/compliance management positions at Brocade Communications, Foundry Networks, and Silicon Graphics.
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The key risks to A10 Networks (ATEN) include:
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Intense Competition: A10 Networks operates in highly competitive markets for application delivery controllers, carrier-grade networking, and cybersecurity solutions. The company faces competition from larger, more established vendors as well as smaller, agile companies offering specialized or cloud-native solutions. This intense competition can lead to pricing pressure, reduced market share, and increased spending on research and development or sales and marketing to maintain relevance.
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Rapid Technological Change and Evolving Threat Landscape: The networking and cybersecurity industries are characterized by rapid technological advancements and a constantly evolving threat landscape. A10 Networks must continuously innovate and adapt its products, including hardware, software, and cloud-native solutions, to address new security vulnerabilities, emerging network architectures (e.g., cloud, edge computing, 5G), and changing customer demands. Failure to keep pace with these technological shifts or to effectively counter new and sophisticated cyber threats could render its solutions less effective or obsolete.
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Reliance on Channel Partners: While A10 Networks utilizes a direct sales force, a significant portion of its products are marketed and sold through a network of distribution channel partners, including distributors, value-added resellers (VARs), and system integrators. The company's financial performance is dependent on the effectiveness and continued commitment of these partners. Any disruption to these relationships, poor performance by channel partners, or their decision to prioritize competing solutions could negatively impact A10 Networks' sales and market reach.
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The increasing integration and sophistication of native networking and security services offered by hyperscale cloud providers (e.g., AWS, Microsoft Azure, Google Cloud Platform). These providers offer their own load balancing, application delivery, DDoS protection, and firewall capabilities as inherent features of their platforms, which can reduce the demand for specialized third-party solutions like those offered by A10 Networks for cloud-native deployments. While A10 Networks provides cloud-native software and SaaS solutions, the native offerings from cloud providers can be perceived as more integrated, cost-effective, or simpler to deploy for customers deeply committed to a single cloud ecosystem, thereby challenging A10's market position for these core functions.
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A10 Networks (ATEN) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives and market trends:
- AI-driven Demand and Solutions: The company anticipates significant revenue growth from strong demand related to Artificial Intelligence (AI) infrastructure and the integration of AI across its offerings. A10 Networks is actively reallocating its research and development budget to accelerate future AI-related solutions and is developing solutions to secure AI applications and infrastructure.
- Growth of Security-Led Solutions: A critical driver is the continued focus on and expansion of its security solutions portfolio. Security-led solutions now constitute a substantial portion of the company's total revenue, exceeding its long-term target of 65%. This growth is fueled by increasing cybersecurity threats and the essential role security and encrypted traffic play in both legacy and next-generation networks.
- Expansion in the Enterprise Market: A10 Networks is strategically expanding its presence within the enterprise sector and securing new enterprise customer wins. This focus helps diversify revenue streams beyond traditional service providers.
- Shift to Software-Led Business Model and Recurring Revenue: The company is transitioning towards a software-led business model, aiming to increase Annual Recurring Revenue (ARR) through its software and subscription offerings, including Security-as-a-Service adoption.
- High-Throughput Networking and Data Center Buildouts: Revenue growth is also expected from ongoing demand for high-throughput networking capabilities and customer data center buildouts, which are essential for modern digital infrastructure.
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Share Repurchases
- A10 Networks announced a share repurchase program of up to $75 million.
- As of February 4, 2026, the company had $53.4 million remaining on its $75 million share repurchase authorization.
- For the full year 2025, A10 Networks repurchased $68.9 million worth of shares.
Share Issuance
- Proceeds from the issuance of common stock under employee equity incentive plans were $1.71 million in the first half of 2025.
- The company issued $225 million in Convertible Senior Notes in March 2025, maturing in April 2030.
- The number of outstanding shares increased from 71,891,000 at the end of 2025 to 72,253,000 as of March 2026.
Outbound Investments
- A10 Networks acquired the assets and key personnel of ThreatX Protect in February 2025, expanding its cybersecurity portfolio with web application and API protection (WAAP).
- The purchase of business, likely related to the ThreatX acquisition, was reported as $-19.1 million for the trailing twelve months ended December 2025.
- The company plans to pursue potential acquisitions with discipline, focusing on opportunities that enhance its portfolio and align with its next-generation networking and security profiles.
Capital Expenditures
- Capital expenditures for the fourth quarter of 2025 were $6.7 million.
- For the full year 2025, capital expenditures were $10 million.
- The capital expenditure forecast for the next fiscal year (2026) is $21 million, driven by investments in back-end infrastructure, hosting services, data centers, and strengthening security operations.
Peer Outperformance in Systems Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 68.8% | 203.4% | 292.1% | TTMI 931% · FLEX 720% · SANM 472% |
| Semiconductor Materials & Equipment | 27 | 98.9% | 100.0% | 115.6% | AXTI 818% · AEHR 560% · LRCX 443% |
| Technology Distributors | 9 | 42.3% | 87.0% | 104.8% | CLMB 416% · AVT 210% · SNX 152% |
| Communications Equipment | 36 | 17.2% | 81.5% | 68.7% | AAOI 1301% · FEIM 1056% · LITE 988% |
| Electronic Components | 26 | 49.4% | 72.5% | 66.4% | CLS 3763% · BELFA 1387% · COHR 381% |
| Semiconductors | 55 | 34.1% | 43.0% | 40.1% | POET 1808% · MU 1399% · NVDA 924% |
| Technology Hardware, Storage & Peripherals | 20 | 22.7% | 129.4% | 33.3% | STX 1127% · DELL 1084% · SMCI 1060% |
| Internet Services & Infrastructure | 6 | 2.2% | 49.1% | 28.3% | DOCN 69% · GDDY 37% · VRSN 34% |
| Electronic Equipment & Instruments | 26 | -15.9% | 15.2% | -11.2% | PI 190% · OSIS 110% · KEYS 103% |
| IT Consulting & Other Services | 30 | -23.9% | -17.4% | -36.6% | CHRN 522268% · APLD 1124% · TSSI 797% |
| Application Software | 124 | -30.0% | -12.7% | -48.3% | VIDA 144067% · INLX 4910% · PLTR 564% |
| Systems Software ← | 72 | -20.8% | 11.1% | -63.1% | QNC 609% · ZETA 391% · PANW 358% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| A10 Networks Earnings Notes | 12/16/2025 | |
| Can A10 Networks Stock Hold Up When Markets Turn? | 10/17/2025 | |
| Why A10 Networks Stock Moved: ATEN Stock Has Gained 42% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S) | 08/08/2025 | |
| ATEN Dip Buy Analysis | 07/10/2025 | |
| Time To Buy A10 Networks Stock? | 05/16/2025 | |
| A10 Networks (ATEN) Valuation Ratios Comparison | 05/15/2025 | |
| A10 Networks (ATEN) Operating Cash Flow Comparison | 02/17/2025 | |
| A10 Networks (ATEN) Net Income Comparison | 02/15/2025 | |
| A10 Networks (ATEN) Operating Income Comparison | 02/14/2025 | |
| A10 Networks (ATEN) Revenue Comparison | 02/13/2025 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 06/30/2026 |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 22.00 |
| Mkt Cap | 6.5 |
| Rev LTM | 1,157 |
| Op Inc LTM | 80 |
| FCF LTM | 160 |
| FCF 3Y Avg | 141 |
| CFO LTM | 171 |
| CFO 3Y Avg | 150 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.2% |
| Rev Chg 3Y Avg | 15.2% |
| Rev Chg Q | 14.5% |
| QoQ Delta Rev Chg LTM | 3.2% |
| Op Inc Chg LTM | 25.7% |
| Op Inc Chg 3Y Avg | 14.3% |
| Op Mgn LTM | 8.9% |
| Op Mgn 3Y Avg | 3.2% |
| QoQ Delta Op Mgn LTM | 1.2% |
| CFO/Rev LTM | 21.7% |
| CFO/Rev 3Y Avg | 22.1% |
| FCF/Rev LTM | 20.4% |
| FCF/Rev 3Y Avg | 21.4% |
Price Behavior
| Market Price | $25.73 | |
| Market Cap ($ Bil) | 1.9 | |
| First Trading Date | 03/21/2014 | |
| Distance from 52W High | -32.3% | |
| 50 Days | 200 Days | |
| DMA Price | $27.90 | $25.35 |
| DMA Trend | up | down |
| Distance from DMA | -7.8% | 1.5% |
| 3M | 1YR | |
| Volatility | 47.7% | 37.5% |
| Downside Capture | 269.21 | 108.37 |
| Upside Capture | 50.00 | 128.72 |
| Correlation (SPY) | 39.4% | 34.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.90 | 1.98 | 1.40 | 1.14 | 1.03 | 0.94 |
| Up Beta | 0.91 | 2.58 | 1.98 | 0.98 | 0.96 | 0.87 |
| Down Beta | 1.14 | 2.05 | 0.66 | 0.41 | 0.51 | 1.07 |
| Up Capture | 98% | -1% | 106% | 184% | 163% | 81% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 17 | 34 | 76 | 140 | 412 |
| Down Capture | 524% | 346% | 181% | 124% | 112% | 97% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 11 | 25 | 30 | 50 | 106 | 330 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATEN | |
|---|---|---|---|---|
| ATEN | 42.8% | 37.5% | 1.02 | - |
| Sector ETF (XLK) | 41.7% | 26.4% | 1.28 | 43.5% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 34.2% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 5.0% |
| Commodities (DBC) | 46.8% | 20.7% | 1.75 | -7.7% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | -0.5% |
| Bitcoin (BTCUSD) | -25.5% | 44.8% | -0.53 | 8.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATEN | |
|---|---|---|---|---|
| ATEN | 14.9% | 42.6% | 0.45 | - |
| Sector ETF (XLK) | 21.3% | 26.0% | 0.73 | 42.3% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 42.0% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 3.4% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 9.9% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 24.2% |
| Bitcoin (BTCUSD) | 12.3% | 52.6% | 0.41 | 21.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ATEN | |
|---|---|---|---|---|
| ATEN | 10.5% | 43.4% | 0.38 | - |
| Sector ETF (XLK) | 24.8% | 25.0% | 0.90 | 40.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 40.7% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 2.6% |
| Commodities (DBC) | 8.7% | 18.1% | 0.39 | 14.3% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 27.5% |
| Bitcoin (BTCUSD) | 63.9% | 66.2% | 1.04 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -10.5% | -10.9% | -19.7% |
| 4/28/2026 | -5.3% | -3.6% | 4.2% |
| 2/4/2026 | 10.3% | 19.5% | 17.2% |
| 11/4/2025 | 3.5% | -1.8% | 1.8% |
| 8/5/2025 | 5.2% | 0.2% | 0.5% |
| 5/1/2025 | -0.4% | 2.7% | 7.1% |
| 2/4/2025 | 2.7% | 1.6% | -2.6% |
| 11/7/2024 | 4.8% | 7.1% | 19.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 16 |
| # Negative | 10 | 12 | 8 |
| Median Positive | 6.4% | 9.9% | 11.1% |
| Median Negative | -5.1% | -4.6% | -4.8% |
| Max Positive | 34.9% | 22.5% | 22.2% |
| Max Negative | -15.2% | -20.6% | -19.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -10.5% | -10.9% | -19.7% |
| 4/28/2026 | -5.3% | -3.6% | 4.2% |
| 2/4/2026 | 10.3% | 19.5% | 17.2% |
| 11/4/2025 | 3.5% | -1.8% | 1.8% |
| 8/5/2025 | 5.2% | 0.2% | 0.5% |
| 5/1/2025 | -0.4% | 2.7% | 7.1% |
| 2/4/2025 | 2.7% | 1.6% | -2.6% |
| 11/7/2024 | 4.8% | 7.1% | 19.5% |
| 7/30/2024 | -7.9% | -13.0% | -4.7% |
| 4/30/2024 | 17.7% | 18.8% | 16.1% |
| 2/6/2024 | -0.6% | -1.4% | 3.6% |
| 11/7/2023 | 4.6% | 12.2% | 12.8% |
| 7/26/2023 | 5.9% | 6.9% | -1.5% |
| 5/4/2023 | -1.6% | -0.2% | 4.1% |
| 2/7/2023 | -4.5% | -5.6% | -5.0% |
| 11/1/2022 | 6.9% | 11.9% | 12.1% |
| 8/2/2022 | 2.4% | -2.4% | -8.7% |
| 5/3/2022 | 14.3% | -3.9% | 10.2% |
| 2/1/2022 | -6.5% | -8.4% | -3.3% |
| 10/28/2021 | 34.9% | 22.5% | 12.9% |
| 7/27/2021 | 11.9% | 16.7% | 22.2% |
| 4/27/2021 | -4.8% | -5.3% | 5.8% |
| 2/9/2021 | -15.2% | -20.6% | -12.3% |
| 10/27/2020 | 7.5% | 7.9% | 21.7% |
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 16 |
| # Negative | 10 | 12 | 8 |
| Median Positive | 6.4% | 9.9% | 11.1% |
| Median Negative | -5.1% | -4.6% | -4.8% |
| Max Positive | 34.9% | 22.5% | 22.2% |
| Max Negative | -15.2% | -20.6% | -19.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/08/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 03/08/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/30/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/10/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | Reported | 12.0% | 13.0% | 14.0% | 2.0% | Raised | Guidance: 11.0% for 2026 | |
| 2026 EPS Growth | Reported | 14.0% | 15.0% | 16.0% | 2.0% | Raised | Guidance: 13.0% for 2026 | |
Prior: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | Reported | 10.0% | 11.0% | 12.0% | 0.0% | Affirmed | Guidance: 11.0% for 2026 | |
| 2026 Adjusted EBITDA margin | Reported | 28.0% | 29.0% | 30.0% | ||||
| 2026 EPS Growth | Reported | 12.0% | 13.0% | 14.0% | 0.0% | Affirmed | Guidance: 13.0% for 2026 | |
Insider Activity
Updated 8/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wolf, Dana Elizabeth | Direct | Sell | 8252026 | 25.65 | 2,652 | 68,024 | 1,472,541 | Form | |
| 2 | Weber, Robert Scott | General Counsel | Direct | Sell | 8122026 | 27.86 | 14,086 | 392,436 | 1,409,326 | Form |
| 3 | Singer, Eric | Direct | Sell | 5062026 | 27.21 | 24,698 | 672,033 | 1,872,211 | Form | |
| 4 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 2132026 | 20.55 | 33,334 | 685,014 | 14,664,418 | Form |
| 5 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 2132026 | 20.56 | 33,333 | 685,326 | 12,652,932 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wolf, Dana Elizabeth | Direct | Sell | 8252026 | 25.65 | 2,652 | 68,024 | 1,472,541 | Form | |
| 2 | Weber, Robert Scott | General Counsel | Direct | Sell | 8122026 | 27.86 | 14,086 | 392,436 | 1,409,326 | Form |
| 3 | Singer, Eric | Direct | Sell | 5062026 | 27.21 | 24,698 | 672,033 | 1,872,211 | Form | |
| 4 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 2132026 | 20.55 | 33,334 | 685,014 | 14,664,418 | Form |
| 5 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 2132026 | 20.56 | 33,333 | 685,326 | 12,652,932 | Form |
| 6 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 2132026 | 20.69 | 33,333 | 689,660 | 13,422,596 | Form |
| 7 | Becker, Brian | Chief Financial Officer | Direct | Sell | 8142025 | 18.03 | 6,400 | 115,392 | 1,399,110 | Form |
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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