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A10 Networks, Inc. ATEN R2K

Technology · Software - Infrastructure · United States
https://www.a10networks.com

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.

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$30.14
+76.73% 1Y

Market & Price

Market Cap
$2.17B
Current Price
$30.14
High / Low (52W)
$30.14 / $16.47
Beta
1.17

Valuation

Stock P/E
49.41
Industry PE
32.74
Forward P/E
25.54
PEG Ratio
14.76
Book Value
$3.08
Price to Book
9.80
P/S
7.25
EV/EBITDA
30.30
Dividend Yield
0.80%

Profitability & Returns

ROCE
11.84%
ROE
21.42%
ROA
5.24%
Profit Margin
14.90%
Op Margin
17.73%
EPS (Latest Qtr)
$0.17
EPS (TTM)
$0.61

Balance Sheet & Liquidity

Debt/Equity
1.03
Quick Ratio
3.40
Current Ratio
3.71
Debt
$226.74M
Total Assets
$629.81M
Current Assets
$475.95M
Working Capital
$342.30M

Ownership

Promoter Holding
1.64%
Chg in Prom Hold
0.15%
FII / Inst Holding
102.70%
Chg in FII Hold
-0.05%

Financial Snapshot

Enterprise Value
$2.03B
Total Revenue (TTM)
$299.42M
EBITDA
$66.89M
Free Cash Flow
$50.90M
Operating Cash Flow
$69.92M
Shares Outstanding
72.00M
Gross Margin
79.33%
Payout Ratio
39.34%

Growth (CAGR)

Revenue 5Y
1.20%
Profit 5Y
-3.51%
Revenue (YoY)
13.40%
Earnings (YoY)
29.40%

PROS

  • Strong return on equity of 21.4%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -3.5% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ATEN A10 Networks, Inc. R2K 30.14 49.41 $2.17B 0.80% 11.84% 21.42% 1.20% -3.51%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----63.93M53.97M62.01M55.52M49.18M60.71M60.50M61.83M50.29M49.19M52.83M60.32M53.76M52.50M56.61M62.66M54.84M59.17M65.36M70.67M62.67M67.97M72.06M77.63M57.69M65.82M57.77M60.67M60.10M-66.14M69.38M74.68M80.36M75.00M
Cost of Revenue -----------------------------------13.44M14.67M14.83M17.10M15.28M
Gross Profit 35.94M38.06M40.58M42.92M42.12M49.19M41.17M48.14M43.61M37.30M47.53M47.49M48.01M38.04M37.92M40.91M46.88M41.62M41.08M43.48M49.19M42.34M45.54M52.17M56.49M49.83M54.49M57.29M61.89M47.48M52.35M46.77M49.23M48.06M-52.70M54.71M59.85M63.26M59.72M
Operating Expenses -----------------------------------43.92M44.40M46.86M48.20M46.73M
Operating Income -9.43M-8.63M-9.42M-5.77M-4.55M-1.76M-7.73M-1.73M--20.00M-3.69M-1.57M--10.97M-6.42M219.00K--209.00K3.92M6.24M-4.02M7.22M10.30M-8.00M13.14M15.67M-6.17M12.27M2.21M7.21M7.92M-8.78M10.31M12.99M15.06M13.00M
EBITDA -----------------------------------13.96M16.99M16.79M30.67M20.35M
Interest Expense -----------------------------------90.00K1.38M--2.16M
Pretax Income -----------------------------------10.48M11.93M13.99M16.02M14.22M
Tax Provision -----------------------------------935.00K1.39M1.80M6.16M2.19M
Net Income -9.98M-8.97M-9.54M-4.93M-4.68M-1.34M-7.96M-2.25M786.00K-19.67M-4.53M-1.81M-1.61M-12.27M-5.77M173.00K51.00K-297.00K3.81M6.46M7.84M2.66M6.62M74.89M10.73M6.35M10.42M12.11M18.03M3.96M11.63M6.47M9.73M9.48M-9.54M10.54M12.19M9.87M12.03M
Diluted EPS -0.16-----0.02-0.11-0.030.01-0.27-0.06-0.02-0.02-0.16-0.080.000.000.000.050.080.100.030.080.940.130.080.130.160.240.050.150.090.130.13-0.130.140.170.140.17
R&D Expense 13.67M13.56M14.78M14.49M15.97M17.04M16.49M16.00M-18.80M15.57M15.51M-16.17M14.62M15.78M-15.31M13.45M13.69M-13.98M13.49M13.58M-12.89M14.23M14.36M-11.66M13.96M17.62M14.06M14.74M15.73M15.90M16.26M18.38M-19.02M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----227.30M235.43M232.22M212.63M225.53M-280.34M251.70M261.70M290.56M
Cost of Revenue ----------56.83M47.96M51.42M60.04M
Gross Profit 95.56M108.34M136.57M147.88M172.88M182.11M180.33M163.75M175.38M-223.51M203.74M210.28M230.51M
Operating Expenses ----------170.43M165.09M166.31M183.37M
Operating Income -87.02M-22.84M-30.27M-40.31M-20.57M-10.37M-27.68M-17.09M17.73M-53.08M38.65M43.97M47.14M
EBITDA ----------61.76M47.99M55.26M73.63M
Interest Expense ---------2.15M1.67M--6.35M
Pretax Income ----------52.72M43.80M58.10M52.42M
Tax Provision ----------5.81M3.83M7.96M10.29M
Net Income -90.15M-27.10M-34.72M-41.90M-22.39M-10.75M-27.62M-17.82M17.82M-46.91M39.97M50.14M42.14M
Diluted EPS -10.80-3.14-0.74----0.38-0.230.22-0.600.240.670.57
R&D Expense 25.51M33.35M49.90M54.84M60.70M62.99M65.16M61.82M58.06M54.08M58.40M55.23M57.73M69.10M

Compounded Sales Growth

5 Years:1.20%
1 Year:13.40%

Compounded Profit Growth

5 Years:-3.51%
1 Year:29.40%

Stock Price Performance

1 Year:+76.73%
6 Months:+77.47%
3 Months:+56.83%
1 Month:+13.42%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --93.79M186.98M189.89M216.73M224.86M235.88M274.05M290.81M393.08M369.11M389.81M432.81M629.81M
Current Assets -----------256.99M271.82M307.29M475.95M
Cash & Equivalents 19.05M23.87M20.79M91.91M98.12M28.98M46.57M40.62M45.74M83.28M78.92M67.97M97.24M95.13M71.14M
Inventory -----------19.69M23.52M22.00M18.03M
Receivables -----------72.93M74.31M76.69M62.07M
Total Liabilities --102.50M90.42M111.69M133.98M126.47M131.99M165.27M174.84M184.20M188.09M181.93M200.99M418.27M
Current Liabilities --63.60M70.69M87.04M101.42M92.73M97.37M97.58M107.78M116.08M118.25M111.07M123.57M133.65M
Long Term Debt --------------218.79M
Total Debt -----------21.64M16.82M11.94M227.76M
Total Equity -25.59M-111.89M-134.88M96.56M78.20M82.75M98.39M103.88M108.79M115.97M208.89M181.01M207.88M231.83M211.55M
Shares Outstanding -----------87.12M89.00M90.52M92.00M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 3.21M-25.13M-30.54M3.39M18.78M14.31M-2.69M-426.00K55.29M-66.10M44.51M90.49M84.89M
Investing Cash Flow -4.24M-2.99M-6.10M-3.48M-96.36M-5.14M-6.88M-251.00K5.20M-11.09M13.61M-48.35M-243.64M
Financing Cash Flow 5.85M25.05M107.75M6.30M8.44M8.42M3.62M5.80M-22.95M--88.14M-28.85M-44.26M134.75M
Capital Expenditure -4.24M-2.99M-6.10M-3.48M-4.87M-5.73M-2.80M-4.34M-3.56M--10.80M-10.90M-12.27M-20.13M
Free Cash Flow -1.03M-28.13M-36.64M-86.00K13.91M8.58M-5.49M-4.77M51.72M-55.30M33.62M78.22M64.77M
Net Change in Cash -----------10.95M29.27M-2.12M-23.99M
Share Buybacks --001.80M3.07M0032.54M18.27M79.26M15.97M30.08M68.92M
Dividends Paid -------003.88M15.92M17.82M17.80M17.37M

Ratios (Annual)

Figures in %.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----76.1%77.4%77.7%77.0%77.8%-79.7%80.9%80.4%79.3%
Operating Margin % -----9.0%-4.4%-11.9%-8.0%7.9%-18.9%15.4%16.8%16.2%
Net Margin % -----9.9%-4.6%-11.9%-8.4%7.9%-16.7%15.9%19.2%14.5%
ROE % 80.6%20.1%-36.0%-53.6%-27.1%-10.9%-26.6%-16.4%15.4%-25.9%19.2%21.6%19.9%
ROCE % --75.6%-26.0%-39.2%-17.8%-7.8%-20.0%-9.7%9.7%-21.2%13.9%14.2%9.5%

Shareholding Pattern

Insiders
1.64%
Institutions
102.70%
Public Float
104.41%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 18.18% 13.09M $394.48M
2 Penserra Capital Management LLC 4.99% 3.59M $108.33M
3 Vanguard Portfolio Management LLC 4.71% 3.39M $102.11M
4 Vanguard Capital Management LLC 4.33% 3.12M $94.07M
5 State Street Corporation 4.29% 3.09M $93.14M
6 Boston Trust Walden Corporation 3.02% 2.17M $65.50M
7 Wellington Management Group, LLP 2.88% 2.07M $62.53M
8 Barclays Plc 2.60% 1.87M $56.50M
9 Renaissance Technologies, LLC 2.48% 1.78M $53.80M
10 First Trust Advisors LP 2.39% 1.72M $51.84M

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