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 |
| Vol | 741.00K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 44.36x |
| Forward P/E | 21.69x |
| EV / EBITDA | 25.89x |
| P / S (ttm) | 6.02x |
| Profit margin | 13.9% |
| Return on equity | 19.4% |
| Revenue growth | +15.5% |
| Earnings growth | -14.3% |
| Debt / equity | 95.01 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 1.08 |
|---|---|
| Corr SPX | 0.48 |
| Annual vol | 35.8% |
| Annual ret | +36.9% |
| Sharpe | 1.03 |
| 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 |
| Analysts | 6 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 3 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-29 | BWS Financial | → Buy |
| 2026-04-29 | BTIG | → Buy |
| 2026-04-20 | Sidoti & Co. | → Neutral |
| 2026-04-14 | Mizuho | → Neutral |
| 2026-03-11 | Freedom Broker | → Buy |
| 2026-03-09 | Freedom Broker | → Buy |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-07 | Other Material Event, Exhibits | read |
| 2026-08-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-08-05 | Material Agreement, Securities Issuance… | read |
| 2026-05-07 | Officer / Director Change | read |
| 2026-05-01 | Officer / Director Change | read |
| 2026-04-28 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-23 | Shareholder Vote | read |
| 2026-02-04 | Earnings Release, Reg FD Disclosure… | read |
| 2025-11-04 | Earnings Release, Reg FD Disclosure… | read |
| 2025-09-05 | Officer / Director Change, Exhibits | read |
| 2025-08-05 | Earnings Release, Reg FD Disclosure… | read |
| 2025-05-01 | Earnings Release, Reg FD Disclosure… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-11 | Weber Robert Scott | General Counsel | Sell | 14.09K | $392.44K |
| 2026-07-06 | Weber Robert Scott | General Counsel | Withheld for tax | 1.90K | $68.86K |
| 2026-05-15 | Trivedi Dhrupad | Chief Executive Officer | Withheld for tax | 32.86K | $887.17K |
| 2026-05-15 | Caron Michelle Elizabeth | Chief Financial Officer | Withheld for tax | 748 | $20.20K |
| 2026-05-15 | Weber Robert Scott | General Counsel | Withheld for tax | 1.93K | $52.11K |
| 2026-05-14 | Trivedi Dhrupad | Chief Executive Officer | Option exercise | 63.41K | — |
| 2026-05-14 | Weber Robert Scott | General Counsel | Option exercise | 3.88K | — |
| 2026-05-14 | Weber Robert Scott | General Counsel | Option exercise | 3.71K | — |
| 2026-05-14 | Trivedi Dhrupad | Chief Executive Officer | Option exercise | 65.76K | — |
| 2026-05-14 | Caron Michelle Elizabeth | Chief Financial Officer | Option exercise | 2.99K | — |
Flow & Concentration
| Insider 180d net | -$1.06M |
|---|---|
| Insider buys / sells | 0 / 2 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 96.1% |
| HHI | 3,712 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $115.17M | 3.08M |
| Renaissance Technologies | $56.80M | 1.52M |
| Fidelity / FMR LLC | $18.66M | 11.00M |
| Capital Research / Capital World | $8.47M | 4.99M |
| Millennium Management | $6.56M | 175.58K |
| Citadel Advisors | $5.12M | 136.94K |
| AQR Capital Management | $3.11M | 83.21K |
| T. Rowe Price Group | $33.42K | 894.40K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2014–2025 · 11 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $26.00 | $26.37 | $25.64 | $25.73 | 741.00K |
| Sep 24 | $26.58 | $26.74 | $25.93 | $25.99 | 1.12M |
| Sep 23 | $26.82 | $26.95 | $26.49 | $26.75 | 747.40K |
| Sep 22 | $27.15 | $27.16 | $26.50 | $26.70 | 812.80K |
| Sep 21 | $26.32 | $26.94 | $25.91 | $26.94 | 698.90K |
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