A10 Networks (ATEN)
Market Price (1/21/2026): $16.95 | Market Cap: $1.2 BilSector: Information Technology | Industry: Systems Software
A10 Networks (ATEN)
Market Price (1/21/2026): $16.95Market Cap: $1.2 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 5.9% | Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -59% | 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. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25% | ||
| Low stock price volatilityVol 12M is 34% | ||
| Megatrend and thematic driversMegatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, Cloud Security, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 5.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, Cloud Security, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -59% |
| 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. |
Why The Stock Moved
Qualitative Assessment
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A10 Networks (ATEN) stock has lost about 5% since 9/30/2025 because of the following key factors:
1. Bearish Technical Signals and Consolidation. A10 Networks (ATEN) stock entered a consolidation trend starting December 15, 2025, experiencing a 4.78% price decrease during this period. As of January 19, 2026, technical analysis indicated a "Strong Sell" signal and an overall bearish outlook for the mid-term.
2. Significant Insider Selling. Over the last 24 months, insider Peter Y Chung sold A10 Networks shares exceeding $50 million. Such a substantial insider divestment can negatively influence investor sentiment and contribute to downward pressure on the stock price.
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1. Bearish Technical Signals and Consolidation. A10 Networks (ATEN) stock entered a consolidation trend starting December 15, 2025, experiencing a 4.78% price decrease during this period. As of January 19, 2026, technical analysis indicated a "Strong Sell" signal and an overall bearish outlook for the mid-term.
2. Significant Insider Selling. Over the last 24 months, insider Peter Y Chung sold A10 Networks shares exceeding $50 million. Such a substantial insider divestment can negatively influence investor sentiment and contribute to downward pressure on the stock price.
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Stock Movement Drivers
Fundamental Drivers
The -4.7% change in ATEN stock from 10/31/2025 to 1/20/2026 was primarily driven by a -4.0% change in the company's P/E Multiple.| 10312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 17.78 | 16.95 | -4.66% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 276.44 | 284.41 | 2.88% |
| Net Income Margin (%) | 18.46% | 17.78% | -3.65% |
| P/E Multiple | 25.09 | 24.09 | -3.98% |
| Shares Outstanding (Mil) | 72.01 | 71.89 | 0.16% |
| Cumulative Contribution | -4.66% |
Market Drivers
10/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| ATEN | -4.7% | |
| Market (SPY) | -0.7% | 36.2% |
| Sector (XLK) | -5.7% | 34.9% |
Fundamental Drivers
The -7.3% change in ATEN stock from 7/31/2025 to 1/20/2026 was primarily driven by a -10.5% change in the company's P/E Multiple.| 7312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.29 | 16.95 | -7.34% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 267.16 | 284.41 | 6.46% |
| Net Income Margin (%) | 18.70% | 17.78% | -4.91% |
| P/E Multiple | 26.93 | 24.09 | -10.54% |
| Shares Outstanding (Mil) | 73.56 | 71.89 | 2.26% |
| Cumulative Contribution | -7.39% |
Market Drivers
7/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| ATEN | -7.3% | |
| Market (SPY) | 7.5% | 47.3% |
| Sector (XLK) | 8.1% | 42.2% |
Fundamental Drivers
The -12.4% change in ATEN stock from 1/31/2025 to 1/20/2026 was primarily driven by a -16.1% change in the company's P/E Multiple.| 1312025 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 19.36 | 16.95 | -12.43% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 257.91 | 284.41 | 10.27% |
| Net Income Margin (%) | 19.29% | 17.78% | -7.83% |
| P/E Multiple | 28.72 | 24.09 | -16.10% |
| Shares Outstanding (Mil) | 73.82 | 71.89 | 2.62% |
| Cumulative Contribution | -12.49% |
Market Drivers
1/31/2025 to 1/20/2026| Return | Correlation | |
|---|---|---|
| ATEN | -12.4% | |
| Market (SPY) | 13.6% | 59.1% |
| Sector (XLK) | 23.5% | 58.7% |
Fundamental Drivers
The 14.8% change in ATEN stock from 1/31/2023 to 1/20/2026 was primarily driven by a 22.7% change in the company's Net Income Margin (%).| 1312023 | 1202026 | Change | |
|---|---|---|---|
| Stock Price ($) | 14.77 | 16.95 | 14.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 273.38 | 284.41 | 4.04% |
| Net Income Margin (%) | 14.49% | 17.78% | 22.74% |
| P/E Multiple | 28.29 | 24.09 | -14.84% |
| Shares Outstanding (Mil) | 75.88 | 71.89 | 5.26% |
| Cumulative Contribution | 14.46% |
Market Drivers
1/31/2023 to 1/20/2026| Return | Correlation | |
|---|---|---|
| ATEN | 14.8% | |
| Market (SPY) | 72.9% | 39.2% |
| Sector (XLK) | 112.9% | 34.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ATEN Return | 69% | 2% | -19% | 42% | -3% | -2% | 87% |
| Peers Return | � | � | � | � | 2% | -7% | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| ATEN Win Rate | 67% | 42% | 50% | 75% | 58% | 0% | |
| Peers Win Rate | � | � | � | � | 63% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| ATEN Max Drawdown | -13% | -24% | -35% | -5% | -19% | -3% | |
| Peers Max Drawdown | � | � | � | � | -19% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, PATH, CVLT, S, AGPU.
[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 1/20/2026 (YTD)
How Low Can It Go
| Event | ATEN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -44.6% | -25.4% |
| % Gain to Breakeven | 80.4% | 34.1% |
| Time to Breakeven | 449 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.4% | -33.9% |
| % Gain to Breakeven | 110.2% | 51.3% |
| Time to Breakeven | 42 days | 148 days |
| 2018 Correction | ||
| % Loss | -43.0% | -19.8% |
| % Gain to Breakeven | 75.6% | 24.7% |
| Time to Breakeven | 801 days | 120 days |
Compare to GEN, PATH, CVLT, S, AGPU
In The Past
A10 Networks's stock fell -44.6% during the 2022 Inflation Shock from a high on 12/8/2022. A -44.6% loss requires a 80.4% gain to breakeven.
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A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks. It also provides Thunder Threat Protection System (TPS) for the protection of networks and server resources against massive distributed denial of service attacks; Thunder Secure Sockets Layer (SSL) Insight solution that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses various critical security capabilities in one package by consolidating various security and networking functions in a single appliance. In addition, the company offers intelligent management and automation tools comprising harmony controller that provides intelligent management, automation, and analytics for secure application delivery in multi-cloud environment; and aGalaxy TPS, a multi-device network management solution. A10 Networks, Inc. delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers; service providers include cloud, telecommunications, and multiple system and cable operators; government organizations; and enterprises in the technology, industrial, retail, financial, gaming, and education industries. The company markets its products through sales organizations, as well as distribution channel partners, including distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California.
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A direct competitor to F5 Networks, specializing in secure application delivery and advanced DDoS protection.
Similar to Fortinet or Palo Alto Networks, but with a specialist's focus on application traffic management and dedicated DDoS defense.
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- A10 Thunder® Application Delivery Controllers (ADCs): Hardware and software solutions that optimize application performance, availability, and security by intelligently distributing traffic and managing server loads.
- A10 Thunder® Threat Protection System (TPS): A dedicated platform providing high-performance, real-time detection and mitigation of Distributed Denial of Service (DDoS) attacks to ensure network and application uptime.
- A10 Thunder® Carrier-Grade Networking (CGN): Solutions for service providers and enterprises to manage IPv4 address exhaustion, facilitate IPv6 migration, and ensure seamless network connectivity.
- A10 Thunder® Convergent Firewall (CFW): A consolidated security platform offering advanced firewall, secure web gateway, IPSec VPN, and application delivery capabilities for comprehensive network protection.
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A10 Networks (ATEN) sells primarily to other companies and organizations (B2B) rather than to individuals.
A10 Networks does not publicly disclose the names of its specific major customers. This is common for B2B technology companies, especially when no single customer accounts for a material portion (typically 10% or more) of their total revenue, which A10 Networks has stated is the case in its recent financial filings. Instead, A10 Networks serves a diverse global customer base across several key categories:
- Enterprises: Large businesses across a wide range of industries, including financial services, technology, healthcare, manufacturing, and retail, that require robust application delivery and security solutions.
- Service Providers: Telecommunications companies, internet service providers (ISPs), cable operators, and cloud providers that use A10 Networks' solutions for network security, DDoS protection, and traffic management.
- Government Organizations: Federal, state, and local government agencies that utilize A10 Networks' products for securing their critical infrastructure and applications.
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- Flex Ltd. (FLEX)
- Intel Corporation (INTC)
- Marvell Technology, Inc. (MRVL)
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Dhrupad Trivedi, President and Chief Executive Officer Dr. Trivedi joined A10 Networks in December 2019. Prior to A10, he served in multiple executive vice president roles at Belden from 2010 to 2019, including leading Tripwire, corporate development, and the network solutions platform, and was President of Trapeze Networks. Before Belden, he held general management and corporate development roles at JDS Uniphase from 1998 to 2010. Michelle Caron, Chief Financial Officer Michelle Caron was appointed Chief Financial Officer of A10 Networks, effective September 24, 2025. She joins A10 from Beckman Coulter Life Sciences, a division of Danaher Corporation, where she served as VP Finance and CFO. With over 20 years of finance leadership, including 15 years at Danaher, her experience spans operational excellence, mergers and acquisitions, budgeting, and strategy development. She previously held finance and controller roles at Philips Healthcare and Stryker Biotech. Sheen Khoury, Executive Vice President, Worldwide Sales & Marketing Sheen Khoury joined A10 Networks in June 2025. He brings over 30 years of sales leadership experience, most recently as Vice President, Global Software Sales at Hewlett Packard Enterprise (HPE), where he led global sales for OpsRamp, Morpheus, and VME Essential, CS, and services after HPE acquired OpsRamp. Khoury has also held senior sales leadership roles at companies such as Virtana, Vyatta (a Brocade Company), Aerohive Networks, Citrix (Netscaler), Exodus, and Oracle. Mikko Disini, Vice President, Product Line Management Mikko Disini leads product management and product strategy for A10 Networks. He founded and expanded Kubernetes solutions, achieving over 200 customer adoptions, and drove technology into new buying centers. Previously, he led product management for Citrix's software ADCs for private and public cloud, growing their adoption through innovation. He also focused on penetrating mobile and fixed-line markets for NetScaler and ByteMobile (acquired by Citrix), securing business with Tier 1 and 2 telcos. David Schroeder, Vice President, Corporate Development David Schroeder joined A10 Networks in 2021 and is responsible for strategic initiatives across M&A, investor relations, and corporate strategy. Before this role, he led A10's commercial and revenue operations team. Prior to A10, Schroeder held sales finance and investor relations leadership positions at Belden Inc.. His background in strategic finance, commercial operations, and market analysis informs his approach to evaluating acquisitions and shaping growth strategy in the security and infrastructure markets.AI Analysis | Feedback
Here are the key risks to A10 Networks (ATEN) business:
- Intense Competition and Rapidly Evolving Cybersecurity Threat Landscape: A10 Networks operates in a highly competitive and dynamic market, facing established rivals such as F5 Networks, Cisco Systems, Palo Alto Networks, CrowdStrike, and Zscaler, along with newer cloud-based solution providers. The cybersecurity threat landscape is constantly evolving with the emergence of AI-driven attacks, API exploitation, and zero-day vulnerabilities, necessitating continuous innovation and substantial investment in research and development to remain competitive. Failure to anticipate and mitigate these sophisticated threats could erode customer trust and negatively impact the company's financial performance. There is also a persistent risk of commoditization within its infrastructure solutions.
- Dependence on a Limited Number of End-Customers: A substantial portion of A10 Networks' revenue is derived from its ten largest end-customers. This concentration of revenue creates a risk of significant volatility if any of these key relationships falter due to changes in purchasing patterns, negotiations for more favorable terms, or the loss of a major client. The loss or reduced spending by a key account, such as a major cloud provider or a telecommunications company delaying capital expenditures, could disproportionately impact the company's revenue and earnings.
- Revenue Volatility and Execution Risk from Strategic Pivots: A10 Networks is undergoing a strategic pivot towards AI-driven cybersecurity solutions. While this move is well-aligned with market trends, these efforts are in their early stages, and their significant contribution to revenue is not expected before late 2025. If the anticipated growth from AI-driven security solutions or enterprise expansion does not materialize as expected, the stock could face multiple compression. Additionally, the service provider segment continues to exhibit unpredictability, with potential for deferred purchases due to economic uncertainties, which further contributes to revenue volatility. Recent declines in year-over-year revenue and compressed operating margins also highlight execution risks in scaling profitably.
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The growing adoption of cloud-native architectures, including service mesh technologies (e.g., Istio, Linkerd), and the increasing sophistication and integration of networking and security services offered directly by hyperscale cloud providers (e.g., AWS, Azure, GCP). These trends threaten to displace or reduce the necessity for A10 Networks' specialized application delivery controllers (ADCs), advanced load balancing, and security solutions by offering integrated, often more cost-effective, and cloud-native alternatives directly from the cloud platform.
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A10 Networks (ATEN) operates in several key markets with substantial addressable opportunities. The primary product and service areas for A10 Networks include Application Delivery Controllers (ADCs), DDoS Protection and Mitigation, Carrier-Grade Networking (CGN), and Secure Access Service Edge (SASE).
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Application Delivery Controllers (ADCs):
- The global Application Delivery Controller market was valued at approximately USD 3.9 billion in 2023 and is projected to reach USD 13.3 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 14.69% from 2024 to 2032.
- In the U.S. specifically, the ADC market was valued at USD 1.0 billion in 2023 and is expected to grow to USD 3.5 billion by 2032, with a CAGR of 14.40% from 2024-2032.
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DDoS Protection and Mitigation:
- The global DDoS Protection and Mitigation market was estimated at USD 3.81 billion in 2024 and is predicted to reach approximately USD 13.90 billion by 2034, growing at a CAGR of 13.81% from 2025 to 2034.
- Another estimate places the global DDoS protection market size at USD 4.73 billion in 2025, forecast to reach USD 9.13 billion by 2030, with a CAGR of 14.04%.
-
Carrier-Grade Networking (CGN) / Carrier-Grade NAT (CGNAT):
- The global Carrier-Grade NAT Appliance market size reached USD 2.3 billion in 2024 and is projected to grow at a CAGR of 8.1% from 2025 to 2033, reaching an estimated value of USD 4.55 billion by the end of the forecast period.
-
Secure Access Service Edge (SASE):
- The global Secure Access Service Edge (SASE) market is projected to reach USD 19.4 billion in 2025 and grow at a compound annual growth rate of 24.5% from there until 2034, reaching a value of USD 139.1 billion.
- North America is expected to lead the SASE market in 2025 with an estimated share of 38.5%. The U.S. SASE market size is projected to reach USD 6.5 billion in 2025.
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A10 Networks (ATEN) is anticipated to drive future revenue growth over the next 2-3 years through several key strategic initiatives and market tailwinds:
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Increased Demand from AI Infrastructure and Cybersecurity: The company is strategically aligning its solutions and technology roadmap with the growing needs for trusted infrastructure, cybersecurity, and AI capabilities. This focus on AI security and infrastructure solutions is already showing positive results, with demand for load-balancing and anti-DDoS solutions expected to increase significantly as enterprises implement AI applications.
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Expansion in the Enterprise Market: A10 Networks is actively shifting its focus towards enterprise-focused cybersecurity. Through product enhancements and targeted go-to-market strategies, the company aims for deeper penetration into the enterprise market, which is projected to sustain double-digit revenue growth in the near term.
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Growth in the Service Provider Segment and Americas Region: Despite some volatility in Tier 1 service provider capital expenditures, the service provider segment demonstrated significant year-over-year growth in Q3 2025. Furthermore, the Americas region has shown strong performance, primarily driven by investments in AI infrastructure, contributing substantially to A10's overall revenue.
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Transition to Recurring Revenue and Subscription Models: A10 Networks is emphasizing its services and subscription business models. This shift is evidenced by contract renewal rates exceeding 90% and an increase in deferred revenue, leading to more stable and long-term customer relationships and supporting higher gross margins.
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Strategic Acquisitions and Product Innovation: Acquisitions, such as that of ThreatX Protect, are expanding A10's capabilities in areas like web application and API protection, positioning the company for future security trends. Ongoing research and development investments and product enhancements are also bolstering its cybersecurity portfolio.
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Share Repurchases
- In the third quarter of 2025, A10 Networks repurchased $11.0 million in shares and had $60.1 million remaining under its current $75.0 million share repurchase authorization.
- A new $75 million share repurchase program was authorized in the first quarter of 2025, following $47.0 million in share repurchases during that quarter.
- The company repurchased $9.4 million in shares during the third quarter of 2024 and authorized a new common stock repurchase program for up to $50 million.
Share Issuance
- For the nine months ended September 30, 2025, A10 Networks issued $225.0 million in 2.75% Convertible Senior Notes due 2030.
- The company reported proceeds from the issuance of common stock under employee equity incentive plans, totaling $1.710 million for the nine months ended September 30, 2025, and $1.919 million for the same period in 2024.
- Proceeds from employee equity incentive plans were $4.943 million in 2023 and $7.038 million in 2022.
Outbound Investments
- In February 2025, A10 Networks acquired the assets and key personnel of ThreatX Protect to expand its cybersecurity portfolio with web application and API protection (WAAP).
- This acquisition, which closed in February 2025, was noted as a $19.1 million acquisition and contributed to the $215.1 million used in investing activities for the nine months ended September 30, 2025.
- The ThreatX Protect acquisition is anticipated to be modestly accretive to A10's earnings per share in 2025.
Capital Expenditures
- Capital expenditures amounted to $13.464 million for the nine months ended September 30, 2025, and $9.886 million for the corresponding period in 2024.
- For the last 12 months as of the third-quarter 2025 report, capital expenditures were -$15.85 million.
- The company continues to invest in research and development, which saw a 16.8% year-over-year increase, focusing on AI-ready infrastructure and solutions for hybrid cloud and edge environments.
Latest Trefis Analyses
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Peer Comparisons for A10 Networks
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.66 |
| Mkt Cap | 4.9 |
| Rev LTM | 1,026 |
| Op Inc LTM | 30 |
| FCF LTM | 141 |
| FCF 3Y Avg | 131 |
| CFO LTM | 152 |
| CFO 3Y Avg | 140 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.2% |
| Rev Chg 3Y Avg | 13.0% |
| Rev Chg Q | 20.7% |
| QoQ Delta Rev Chg LTM | 4.7% |
| Op Mgn LTM | 4.2% |
| Op Mgn 3Y Avg | -0.8% |
| QoQ Delta Op Mgn LTM | 2.1% |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 21.9% |
| FCF/Rev LTM | 19.6% |
| FCF/Rev 3Y Avg | 21.2% |
Price Behavior
Price Behavior
| Market Price | $16.95 | |
| Market Cap ($ Bil) | 1.2 | |
| First Trading Date | 03/21/2014 | |
| Distance from 52W High | -20.9% | |
| 50 Days | 200 Days | |
| DMA Price | $17.51 | $17.54 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | -3.2% | -3.4% |
| 3M | 1YR | |
| Volatility | 23.3% | 34.0% |
| Downside Capture | 75.46 | 130.20 |
| Upside Capture | 37.46 | 102.55 |
| Correlation (SPY) | 24.9% | 59.2% |
ATEN Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.73 | 0.68 | 0.81 | 1.18 | 1.04 | 0.92 |
| Up Beta | 0.73 | 0.48 | 0.40 | 1.52 | 0.93 | 0.85 |
| Down Beta | 1.01 | 1.05 | 1.06 | 0.92 | 1.04 | 1.18 |
| Up Capture | 94% | 57% | 67% | 86% | 108% | 47% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 11 | 19 | 32 | 63 | 132 | 394 |
| Down Capture | 32% | 64% | 92% | 142% | 115% | 98% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 10 | 20 | 30 | 60 | 115 | 349 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| ATEN vs. Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -8.6% | 22.7% | 15.3% | 75.7% | 3.6% | 7.5% | -7.9% |
| Annualized Volatility | 33.8% | 27.4% | 19.3% | 20.3% | 15.3% | 16.8% | 34.3% |
| Sharpe Ratio | -0.22 | 0.72 | 0.61 | 2.67 | 0.03 | 0.26 | -0.08 |
| Correlation With Other Assets | 59.2% | 59.4% | -2.4% | 20.7% | 39.0% | 29.1% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 5-Year Data
| ATEN vs. Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.5% | 17.8% | 13.8% | 20.4% | 11.5% | 6.0% | 21.1% |
| Annualized Volatility | 43.1% | 24.6% | 17.1% | 15.7% | 18.7% | 18.8% | 48.0% |
| Sharpe Ratio | 0.45 | 0.65 | 0.65 | 1.05 | 0.50 | 0.22 | 0.47 |
| Correlation With Other Assets | 41.0% | 41.7% | 3.9% | 13.6% | 26.5% | 22.8% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Based On 10-Year Data
| ATEN vs. Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ATEN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.6% | 22.9% | 15.3% | 15.4% | 8.0% | 5.7% | 70.5% |
| Annualized Volatility | 43.5% | 24.2% | 18.0% | 14.9% | 17.6% | 20.8% | 55.7% |
| Sharpe Ratio | 0.41 | 0.86 | 0.73 | 0.86 | 0.37 | 0.24 | 0.91 |
| Correlation With Other Assets | 40.9% | 42.1% | 0.2% | 17.5% | 29.8% | 16.6% | |
ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 17 |
| # Negative | 8 | 11 | 7 |
| Median Positive | 5.6% | 7.9% | 10.2% |
| Median Negative | -4.6% | -5.3% | -4.7% |
| Max Positive | 34.9% | 22.5% | 26.5% |
| Max Negative | -15.2% | -20.6% | -12.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/04/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 08/05/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 05/06/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/25/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 11/07/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/30/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 05/03/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/29/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 11/07/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 08/01/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 05/04/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/27/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 11/03/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 08/04/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 05/05/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 03/08/2022 | 10-K (12/31/2021) |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Becker, Brian | Chief Financial Officer | Direct | Sell | 8142025 | 18.03 | 6,400 | 115,392 | 1,399,110 | Form |
| 2 | Weber, Robert Scott | General Counsel | Direct | Sell | 5282025 | 17.26 | 2,500 | 43,150 | 1,052,981 | Form |
| 3 | Weber, Robert Scott | General Counsel | Direct | Sell | 5282025 | 17.48 | 2,500 | 43,700 | 1,022,702 | Form |
| 4 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 3042025 | 20.57 | 26,813 | 551,543 | 15,263,372 | Form |
| 5 | Trivedi, Dhrupad | Chief Executive Officer | Direct | Sell | 3042025 | 20.59 | 26,812 | 552,059 | 14,726,153 | Form |
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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