ATEN Stock Analysis: A10 Network | NYSE

Application Delivery, Network Security, Ddos Protection, Web Application Protection

Total Rating 55

Safety 63

Buy Signal 0.04

Software - Infrastructure
Industry Rotation: +1.0

Market Cap: 1.96B
Avg Turnover: 40.4M

Risk 3d forecast

Volatility34.6%

VaR 5^th Pctl5.96%

VaR vs Median4.78%

Reward TTM

Sharpe Ratio1.31

Rel. Str. IBD78.1

Rel. Str. Peer Group58.3

Character TTM

Beta0.998

Beta Downside0.926

Hurst Exponent0.467

Drawdowns 3y

Max DD31.22%

CAGR/Max DD0.78

CAGR/Mean DD1.98

EPS (Earnings per Share)

EPS CAGR: 10.50%
EPS Trend: 88.7%

Last SUE: -1.87
Qual. Beats: -1

Revenue

Rev. CAGR: 7.79%
Rev. Trend: 93.0%

Last SUE: 1.01
Qual. Beats: 2

Warnings

Below Avwap Earnings

Tailwinds

Confidence

Seasonality 11.6 years of data

Jan -2.4% 29

Feb +0.4% 8

Mar -3.9% 31

Apr -4.2% 31

May +5.9% 39

Jun +0.4% 14

Jul +7.2% 17

Aug -0.9% 2

Sep -1.0% 14

Oct -1.4% 14

Nov +9.9% 32

Dec +0.9% 17

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: ATEN A10 Network

A10 Networks, Inc. (NYSE: ATEN) is a U.S.-based provider of secure application and network infrastructure solutions, headquartered in San Jose, California and incorporated in 2004. The company sells to customers across the Americas, Japan, Asia Pacific, Europe, the Middle East, and Africa, operating in the enterprise networking and cybersecurity hardware/software market, where demand is driven by rising encrypted traffic, DDoS attack volumes, and IPv4-to-IPv6 migration needs.

Its product portfolio is split into two main lines: security offerings (the ThreatX web application protection platform, the A10 Defend family of DDoS detection, orchestration, and mitigation tools, and a next-generation WAF) and infrastructure offerings (Thunder ADC application delivery controllers, Thunder CFW consolidated firewalls, Thunder CGN address translation, and SSL inspection under the SSLi brand). These are managed centrally through the A10 Harmony/A10 Control platform.

A10 sells through a channel-based business model, relying on distributors, value-added resellers, and system integrators to reach end customers in telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education. The company has been publicly traded on the NYSE since its March 2014 IPO and is classified within the Information Technology sector under Systems Software.

Headlines to Watch Out For

DDoS protection demand accelerates security product revenue growth
Operating margin expansion driven by software subscription mix
Share repurchase program continues amid Japan revenue growth

Piotroski VR-10 (Strict) 5.5

Net Income: 43.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.63 > 1.0
NWC/Revenue: 35.04% < 20% (prev 126.2%; Δ -91.17% < -1%)
CFO/TA 0.11 > 3% & CFO 76.9m > Net Income 43.0m
Net Debt (-131.3m) to EBITDA (67.9m): -1.93 < 3
Current Ratio: 1.29 > 1.5 & < 3
Outstanding Shares: last quarter (75.7m) vs 12m ago 3.47% < -2%
Gross Margin: 79.54% > 18% (prev 79.72%; Δ -0.18% > 0.5%)
Asset Turnover: 48.25% > 50% (prev 45.47%; Δ 2.78% > 0%)
Interest Coverage Ratio: 8.77 > 6 (EBIT TTM 55.7m / Interest Expense TTM 6.35m)

Altman Z'' 2.31

A: 0.16 (Total Current Assets 483.2m - Total Current Liabilities 374.5m) / Total Assets 677.7m
B: 0.03 (Retained Earnings 22.7m / Total Assets 677.7m)
C: 0.09 (EBIT TTM 55.7m / Avg Total Assets 642.8m)
D: 0.54 (Book Value of Equity 238.0m / Total Liabilities 439.7m)
Altman-Z'' = 2.31 = BBB

Beneish M -2.62

DSRI: 1.23 (Receivables 72.2m/52.4m, Revenue 310.2m/276.4m)
GMI: 1.00 (GM 79.72% / 79.54%)
AQI: 1.22 (AQ_t 0.21 / AQ_t-1 0.18)
SGI: 1.12 (Revenue 310.2m / 276.4m)
TATA: -0.05 (NI 43.0m - CFO 76.9m) / TA 677.7m)
Beneish M = -2.62 (Cap -4..+1) = A

What is the price of ATEN shares?

As of August 19, 2026, the stock is trading at USD 26.60 with a total of 659,554 shares traded. Over the past week, the price has changed by -1.88%, over one month by -25.51%, over three months by -5.20% and over the past year by +56.32%.

Current recommended Stop Loss: 24.60 (which is 7.5% or 1.4 ATR below the current price).

Is ATEN a buy, sell or hold?

A10 Network has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy ATEN.

StrongBuy: 3
Buy: 1
Hold: 2
Sell: 0
StrongSell: 0

What are the forecasts/targets for the ATEN price?

Analysts Target Price	38.4	44.4%

A10 Network (ATEN) - Fundamental Data Overview as of 15 August 2026

Market Cap USD = 1.96b (1.96b USD * 1.0 USD.USD)
P/E Trailing = 47.3684
P/E Forward = 27.1003
P/S = 6.3205
P/B = 8.6441
P/EG = 14.7609
Revenue TTM = 310.2m USD
EBIT TTM = 55.7m USD
EBITDA TTM = 67.9m USD
Long Term Debt = 218.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 219.5m USD (from shortTermDebt, last quarter)
Debt = 226.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.57m
Net Debt = -131.3m USD (calculated: Debt 226.1m - CCE 357.3m)
Enterprise Value = 1.83b USD (1.96b + Debt 226.1m - CCE 357.3m)
Interest Coverage Ratio = 8.77 (Ebit TTM 55.7m / Interest Expense TTM 6.35m)
EV/FCF = 30.02x (Enterprise Value 1.83b / FCF TTM 60.9m)
FCF Yield = 3.33% (FCF TTM 60.9m / Enterprise Value 1.83b)
FCF Margin = 19.65% (FCF TTM 60.9m / Revenue TTM 310.2m)
Net Margin = 13.85% (Net Income TTM 43.0m / Revenue TTM 310.2m)
Gross Margin = 79.54% ((Revenue TTM 310.2m - Cost of Revenue TTM 63.5m) / Revenue TTM)
Gross Margin QoQ = 79.09% (prev 80.29%)
Tobins Q-Ratio = 2.70 (Enterprise Value 1.83b / Total Assets 677.7m)
Interest Expense / Debt = 2.81% (Interest Expense 6.35m / Debt 226.1m)
Taxrate = 20.66% (11.2m / 54.2m)
NOPAT = 44.2m (EBIT 55.7m * (1 - 20.66%))
Current Ratio = 1.29 (Total Current Assets 483.2m / Total Current Liabilities 374.5m)
Debt / Equity = 0.95 (Debt 226.1m / totalStockholderEquity, last quarter 238.0m)
Debt / EBITDA = -1.93 (Net Debt -131.3m / EBITDA 67.9m)
Debt / FCF = -2.15 (Net Debt -131.3m / FCF TTM 60.9m)
Total Stockholder Equity = 219.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.68% (Net Income 43.0m / Total Assets 677.7m)
RoE = 19.61% (Net Income TTM 43.0m / Total Stockholder Equity 219.1m)
RoCE = 12.72% (EBIT 55.7m / Capital Employed (Equity 219.1m + L.T.Debt 218.8m))
RoIC = 8.71% (NOPAT 44.2m / Invested Capital 507.2m)
WACC = 8.74% (E(1.96b)/V(2.19b) * Re(9.49%) + D(226.1m)/V(2.19b) * Rd(2.81%) * (1-Tc(0.21)))
Discount Rate = 9.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -50.73 | Cagr: 0.20%
[DCF] Terminal Value 71.89% ; FCFF base≈64.8m ; Y1≈57.5m ; Y5≈47.7m
[DCF] Fair Price = 11.67 (EV 716.4m - Net Debt -131.3m = Equity 847.6m / Shares 72.6m; r=8.74% [WACC]; 5y FCF grow -13.73% → 2.50% )
EPS Correlation: 88.67 | EPS CAGR: 10.50% | SUE: -1.87 | # QB: -1
Revenue Correlation: 92.99 | Revenue CAGR: 7.79% | SUE: 1.01 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.27 | Chg30d=-1.22% | Revisions=+57% | Analysts=6
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+0.26% | Revisions=+38% | GrowthEPS=+15.6% | GrowthRev=+13.2%
EPS next Year (2027-12-31): EPS=1.19 | Chg30d=+0.65% | Revisions=+67% | GrowthEPS=+14.1% | GrowthRev=+11.6%
[Analyst] Revisions Ratio: +72% (up=14, down=1)