A10 Networks, Inc. logo

A10 Networks, Inc.

ATEN

NYSETechnologySoftware - Infrastructure

Previous close

$26.12

+$0.59 · +2.31%

Aug 21, 4:00 PM ET

ATEN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

63

Undervalued

Momentum

71

Gaining

Sentiment

63

Bullish

Risk resilience

68

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

A10 Networks, Inc. delivers networking solutions across global markets, including North and South America, Japan, the broader Asia Pacific region, and Europe, the Middle East, and Africa (EMEA). The company's product suite features the Thunder Application Delivery Controller (ADC), engineered for advanced server load balancing, and the cloud-native Lightning ADC, a Software-as-a-Service (SaaS) platform that boosts application and microservice delivery and security. For service provider networks, the Thunder Carrier Grade Networking product facilitates standards-compliant address and protocol translation. Security solutions include the Thunder Threat Protection System (TPS), safeguarding networks and server infrastructure against massive distributed denial of service (DDoS) attacks, and the Thunder Secure Sockets Layer (SSL) Insight, which decrypts SSL-encrypted traffic for in-depth inspection by external security devices. Furthermore, the Thunder Convergent Firewall consolidates various critical security and networking functions into a unified appliance. A10 Networks also provides intelligent management and automation tools: the Harmony Controller offers smart oversight, automation, and analytics for secure multi-cloud application delivery, while aGalaxy TPS serves as a multi-device network management solution. These offerings are available for deployment on optimized hardware appliances, bare-metal software, containerized software, virtual appliances, and cloud-native software. The company serves a diverse clientele, encompassing cloud providers, telecommunications and multiple system operators, governmental entities, and enterprises across various sectors like technology, industrial, retail, finance, gaming, and education. A10 Networks markets its products through both its direct sales force and an extensive network of distribution partners, including distributors, value-added resellers, and system integrators. Established in 2004, A10 Networks, Inc. is headquartered in San Jose, California.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Dhrupad Trivedi
Listed since
Mar 21, 2014
Employees
494

Market position

Day range

Current $26.12

52-week range

Current $26.12

Open
$25.90
Previous close
$25.53
Volume
1.69M
1.35× average
Average volume
1.25M
Average daily volume
Market cap
1.88B USD
Beta
1.14
Market reference 1
50-day average
$32.556
-19.77% below average
200-day average
$24.4185
+6.97% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.43B USD
P/E (TTM)
43.53×
P/B (TTM)
7.92×
P/S (TTM)
6.06×
EV / EBITDA
21.25×
Earnings yield
3.30%
Free cash flow yield
5.07%
Dividend yield
0.92%

Profitability & efficiency

Gross margin
79.54%
Operating margin
16.30%
Net margin
13.85%
Return on equity
19.92%
Return on assets
6.69%
Return on invested capital
7.64%

Financial health

Debt / equity
0.92×
Current ratio
3.56×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends88%61%34%7%Gross margin, FY2021: 78.60%Gross margin, FY2022: 79.73%Gross margin, FY2023: 80.94%Gross margin, FY2024: 80.35%Gross margin, FY2025: 79.34%Operating margin, FY2021: 13.35%Operating margin, FY2022: 18.93%Operating margin, FY2023: 15.35%Operating margin, FY2024: 16.80%Operating margin, FY2025: 16.22%Net margin, FY2021: 37.95%Net margin, FY2022: 16.73%Net margin, FY2023: 15.88%Net margin, FY2024: 19.16%Net margin, FY2025: 14.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 78.60%. Gross margin FY2022 79.73%. Gross margin FY2023 80.94%. Gross margin FY2024 80.35%. Gross margin FY2025 79.34%. Operating margin FY2021 13.35%. Operating margin FY2022 18.93%. Operating margin FY2023 15.35%. Operating margin FY2024 16.80%. Operating margin FY2025 16.22%. Net margin FY2021 37.95%. Net margin FY2022 16.73%. Net margin FY2023 15.88%. Net margin FY2024 19.16%. Net margin FY2025 14.50%.

Income trends

Revenue

290.56M USD+11.03%

Operating income

47.14M USD+7.22%

Net income

42.14M USD-15.96%
Income trends across reported periods316.27M USD213.41M USD110.54M USD7.67M USDRevenue, FY2021: 250.04M USDRevenue, FY2022: 280.34M USDRevenue, FY2023: 251.7M USDRevenue, FY2024: 261.7M USDRevenue, FY2025: 290.56M USDOperating income, FY2021: 33.39M USDOperating income, FY2022: 53.08M USDOperating income, FY2023: 38.65M USDOperating income, FY2024: 43.97M USDOperating income, FY2025: 47.14M USDNet income, FY2021: 94.89M USDNet income, FY2022: 46.91M USDNet income, FY2023: 39.97M USDNet income, FY2024: 50.14M USDNet income, FY2025: 42.14M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 250.04M USD. Revenue FY2022 280.34M USD. Revenue FY2023 251.7M USD. Revenue FY2024 261.7M USD. Revenue FY2025 290.56M USD. Operating income FY2021 33.39M USD. Operating income FY2022 53.08M USD. Operating income FY2023 38.65M USD. Operating income FY2024 43.97M USD. Operating income FY2025 47.14M USD. Net income FY2021 94.89M USD. Net income FY2022 46.91M USD. Net income FY2023 39.97M USD. Net income FY2024 50.14M USD. Net income FY2025 42.14M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue290.56M USD261.7M USD251.7M USD280.34M USD250.04M USD
Cost of goods sold60.04M USD51.42M USD47.96M USD56.83M USD53.51M USD
Gross profit230.52M USD210.28M USD203.74M USD223.51M USD196.54M USD
Research and development69.1M USD57.73M USD55.23M USD58.4M USD54.08M USD
Selling, general, and administrative114.27M USD108.58M USD109.86M USD112.03M USD109.07M USD
Operating expenses183.37M USD166.31M USD165.09M USD170.43M USD163.15M USD
Interest income11.63M USD6.75M USD5.15M USD1.3M USD409K USD
Interest expense7.38M USD1.67M USD2.16M USD
Depreciation and amortization14.86M USD11.29M USD9.35M USD7.38M USD8.91M USD
Operating income47.14M USD43.97M USD38.65M USD53.08M USD33.39M USD
Net income42.14M USD50.14M USD39.97M USD46.91M USD94.89M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+9.36%
11 comparable reports
Latest EPS result
0.25
Estimate 0.24 · Beat by 3.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.350.290.220.16Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 0.31, estimate 0.22, surprise +40.91%, Beat. Q2 2025, reported May 1, 2025: actual 0.2, estimate 0.19, surprise +5.26%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.21, estimate 0.2, surprise +5.00%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.23, estimate 0.21, surprise +9.52%, Beat. Q1 2026, reported Feb 4, 2026: actual 0.26, estimate 0.238, surprise +9.38%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.24, estimate 0.22, surprise +9.09%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.25, estimate 0.241, surprise +3.73%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.26, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates87.22M78.26M69.3M60.35MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 74.2M USD, estimate 71.82M USD, surprise +3.32%, Beat. Q2 2025, reported May 1, 2025: actual 66.14M USD, estimate 63.7M USD, surprise +3.82%, Beat. Q3 2025, reported Aug 5, 2025: actual 69.38M USD, estimate 71.02M USD, surprise -2.30%, Miss. Q4 2025, reported Nov 4, 2025: actual 74.68M USD, estimate 78.8M USD, surprise -5.23%, Miss. Q1 2026, reported Feb 4, 2026: actual 80.36M USD, estimate 78.11M USD, surprise +2.88%, Beat. Q2 2026, reported Apr 28, 2026: actual 75M USD, estimate 72.62M USD, surprise +3.28%, Beat. Q3 2026, reported Aug 5, 2026: actual 80.1M USD, estimate 77.28M USD, surprise +3.66%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 83.86M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$30.00

14.85% upside
Past 12 months12-month forecastHigh $45.00Average $30.00Low $9.00

Recent analyst actions

6 institutions
Sidoti & Co.downgradeBuyNeutral

ATEN peers

ETFs holding ATEN

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research ATEN

research.disclaimer