Inside the research

A10 Networks, Inc.

ATEN Research profile · latest available data

Price overview

$25.73

▼ -0.26 (-1.0%)

52w hi$38.03
52w lo$16.43
Vol741.00K
As of25 Sep 2026

The Verdict

Hold

Our score -0.02

Short-0.41
Medium+0.22
Long+0.24

computed 2026-09-27

Key fundamentals

A10 Networks, Inc.

Technology · Software - Infrastructure

Market cap$1.87B
Enterprise value$1.74B
Trailing P/E44.36x
Forward P/E21.69x
EV / EBITDA25.89x
P / S (ttm)6.02x
Profit margin13.9%
Return on equity19.4%
Revenue growth+15.5%
Earnings growth-14.3%
Debt / equity95.01

Layer Breakdown

LayerRawContribution
Fundamental+0.14
Sector+0.19
Technical-0.22
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

A10 Networks, Inc. provides secure application and network infrastructure solutions in the United States, the rest of Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company offers security products, such as ThreatX, a web application protection platform; A10 Defend DDoS Detector, a network-wide anomaly detection product; A10 Defend DDoS Orchestrator, a defense, orchestration, and management product; A10 Defend DDoS Mitigator, a mitigation product with automation; A10 Defend Threat Control, an attack SaaS platform; and Defend Next-Gen WAF, an integrated application delivery and web application firewall. It also provides infrastructure products, including A10 Thunder ADC, an application delivery controller and load balancer; A10 Thunder CFW, a consolidated network security platform with stateful firewall, IPsec VPN, CGN, ADC, SSLi, and secure web gateway; A10 Thunder CGN, a NAT, IPv4 preservation and IPv6 migration product; and SSL insight in Thunder CFW, a TLS and SSL decryption for real-time visibility into encryption traffic under the SSLi brand. In addition, the company provides centralized management and analytics comprising A10 Control, a centralized, management, control, and analytics platform for agile operations and automation. It serves telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education industries through distribution channels, distributors, value added resellers, and system integrators. The company was incorporated in 2004 and is headquartered in San Jose, California.

United States · www.a10networks.com

Risk Metrics

Beta vs SPX1.08
Corr SPX0.48
Annual vol35.8%
Annual ret+36.9%
Sharpe1.03
Max DD-36.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$29.86
High / Low$32.00 / $28.13
Median$30.00
Analysts6
Strong Buy1
Buy3
Hold3
Sell0
Strong Sell0

Recent rating actions

2026-04-29BWS Financial→ Buy
2026-04-29BTIG→ Buy
2026-04-20Sidoti & Co.→ Neutral
2026-04-14Mizuho→ Neutral
2026-03-11Freedom Broker→ Buy
2026-03-09Freedom Broker→ Buy

Material Events

DateEvent8-K
2026-08-07Other Material Event, Exhibitsread
2026-08-05Earnings Release, Reg FD Disclosure…read
2026-08-05Material Agreement, Securities Issuance…read
2026-05-07Officer / Director Changeread
2026-05-01Officer / Director Changeread
2026-04-28Earnings Release, Reg FD Disclosure…read
2026-04-23Shareholder Voteread
2026-02-04Earnings Release, Reg FD Disclosure…read
2025-11-04Earnings Release, Reg FD Disclosure…read
2025-09-05Officer / Director Change, Exhibitsread
2025-08-05Earnings Release, Reg FD Disclosure…read
2025-05-01Earnings Release, Reg FD Disclosure…read

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-11Weber Robert ScottGeneral CounselSell14.09K$392.44K
2026-07-06Weber Robert ScottGeneral CounselWithheld for tax1.90K$68.86K
2026-05-15Trivedi DhrupadChief Executive OfficerWithheld for tax32.86K$887.17K
2026-05-15Caron Michelle ElizabethChief Financial OfficerWithheld for tax748$20.20K
2026-05-15Weber Robert ScottGeneral CounselWithheld for tax1.93K$52.11K
2026-05-14Trivedi DhrupadChief Executive OfficerOption exercise63.41K—
2026-05-14Weber Robert ScottGeneral CounselOption exercise3.88K—
2026-05-14Weber Robert ScottGeneral CounselOption exercise3.71K—
2026-05-14Trivedi DhrupadChief Executive OfficerOption exercise65.76K—
2026-05-14Caron Michelle ElizabethChief Financial OfficerOption exercise2.99K—

Flow & Concentration

Insider 180d net-$1.06M
Insider buys / sells0 / 2
Insider biasNeutral
13F holders8
Top-5 share96.1%
HHI3,712 (concentrated)

Top Holders

HolderValueShares
State Street Corp$115.17M3.08M
Renaissance Technologies$56.80M1.52M
Fidelity / FMR LLC$18.66M11.00M
Capital Research / Capital World$8.47M4.99M
Millennium Management$6.56M175.58K
Citadel Advisors$5.12M136.94K
AQR Capital Management$3.11M83.21K
T. Rowe Price Group$33.42K894.40K

As of 2026-06-30

SEC Filings

DateFormDoc
2026-08-124view
2026-08-078-Kview
2026-08-0610-Qview
2026-08-058-Kview
2026-08-058-Kview
2026-07-064view
2026-05-154view
2026-05-154view
2026-05-154view
2026-05-078-Kview
2026-05-0710-Qview
2026-05-064view
2026-05-064view
2026-05-064view
2026-05-064view

The Long Run

FY 2014–2025 · 11 years

LineLatestCAGRTrend
Revenue$251.70M+5.9%
Gross profit$203.74M+7.9%
Operating income$38.65M+5.0%
Net income$42.14M-23.7%
Cash from ops$84.89M+50.6%

Indices

S&P SmallCap 600

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$26.00$26.37$25.64$25.73741.00K
Sep 24$26.58$26.74$25.93$25.991.12M
Sep 23$26.82$26.95$26.49$26.75747.40K
Sep 22$27.15$27.16$26.50$26.70812.80K
Sep 21$26.32$26.94$25.91$26.94698.90K

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