A10 Networks, Inc. ATEN R2K
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 63.93M | 53.97M | 62.01M | 55.52M | 49.18M | 60.71M | 60.50M | 61.83M | 50.29M | 49.19M | 52.83M | 60.32M | 53.76M | 52.50M | 56.61M | 62.66M | 54.84M | 59.17M | 65.36M | 70.67M | 62.67M | 67.97M | 72.06M | 77.63M | 57.69M | 65.82M | 57.77M | 60.67M | 60.10M | - | 66.14M | 69.38M | 74.68M | 80.36M | 75.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.44M | 14.67M | 14.83M | 17.10M | 15.28M |
| Gross Profit | 35.94M | 38.06M | 40.58M | 42.92M | 42.12M | 49.19M | 41.17M | 48.14M | 43.61M | 37.30M | 47.53M | 47.49M | 48.01M | 38.04M | 37.92M | 40.91M | 46.88M | 41.62M | 41.08M | 43.48M | 49.19M | 42.34M | 45.54M | 52.17M | 56.49M | 49.83M | 54.49M | 57.29M | 61.89M | 47.48M | 52.35M | 46.77M | 49.23M | 48.06M | - | 52.70M | 54.71M | 59.85M | 63.26M | 59.72M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 43.92M | 44.40M | 46.86M | 48.20M | 46.73M |
| 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 | -6.42M | 219.00K | - | -209.00K | 3.92M | 6.24M | - | 4.02M | 7.22M | 10.30M | - | 8.00M | 13.14M | 15.67M | - | 6.17M | 12.27M | 2.21M | 7.21M | 7.92M | - | 8.78M | 10.31M | 12.99M | 15.06M | 13.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.96M | 16.99M | 16.79M | 30.67M | 20.35M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 90.00K | 1.38M | - | - | 2.16M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.48M | 11.93M | 13.99M | 16.02M | 14.22M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 935.00K | 1.39M | 1.80M | 6.16M | 2.19M |
| Net Income | -9.98M | -8.97M | -9.54M | -4.93M | -4.68M | -1.34M | -7.96M | -2.25M | 786.00K | -19.67M | -4.53M | -1.81M | -1.61M | -12.27M | -5.77M | 173.00K | 51.00K | -297.00K | 3.81M | 6.46M | 7.84M | 2.66M | 6.62M | 74.89M | 10.73M | 6.35M | 10.42M | 12.11M | 18.03M | 3.96M | 11.63M | 6.47M | 9.73M | 9.48M | - | 9.54M | 10.54M | 12.19M | 9.87M | 12.03M |
| Diluted EPS | -0.16 | - | - | - | - | -0.02 | -0.11 | -0.03 | 0.01 | -0.27 | -0.06 | -0.02 | -0.02 | -0.16 | -0.08 | 0.00 | 0.00 | 0.00 | 0.05 | 0.08 | 0.10 | 0.03 | 0.08 | 0.94 | 0.13 | 0.08 | 0.13 | 0.16 | 0.24 | 0.05 | 0.15 | 0.09 | 0.13 | 0.13 | - | 0.13 | 0.14 | 0.17 | 0.14 | 0.17 |
| R&D Expense | 13.67M | 13.56M | 14.78M | 14.49M | 15.97M | 17.04M | 16.49M | 16.00M | - | 18.80M | 15.57M | 15.51M | - | 16.17M | 14.62M | 15.78M | - | 15.31M | 13.45M | 13.69M | - | 13.98M | 13.49M | 13.58M | - | 12.89M | 14.23M | 14.36M | - | 11.66M | 13.96M | 17.62M | 14.06M | 14.74M | 15.73M | 15.90M | 16.26M | 18.38M | - | 19.02M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 227.30M | 235.43M | 232.22M | 212.63M | 225.53M | - | 280.34M | 251.70M | 261.70M | 290.56M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 56.83M | 47.96M | 51.42M | 60.04M |
| Gross Profit | 95.56M | 108.34M | 136.57M | 147.88M | 172.88M | 182.11M | 180.33M | 163.75M | 175.38M | - | 223.51M | 203.74M | 210.28M | 230.51M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 170.43M | 165.09M | 166.31M | 183.37M |
| Operating Income | -87.02M | -22.84M | -30.27M | -40.31M | -20.57M | -10.37M | -27.68M | -17.09M | 17.73M | - | 53.08M | 38.65M | 43.97M | 47.14M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 61.76M | 47.99M | 55.26M | 73.63M |
| Interest Expense | - | - | - | - | - | - | - | - | - | 2.15M | 1.67M | - | - | 6.35M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 52.72M | 43.80M | 58.10M | 52.42M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 5.81M | 3.83M | 7.96M | 10.29M |
| Net Income | -90.15M | -27.10M | -34.72M | -41.90M | -22.39M | -10.75M | -27.62M | -17.82M | 17.82M | - | 46.91M | 39.97M | 50.14M | 42.14M |
| Diluted EPS | -10.80 | -3.14 | -0.74 | - | - | - | -0.38 | -0.23 | 0.22 | - | 0.60 | 0.24 | 0.67 | 0.57 |
| R&D Expense | 25.51M | 33.35M | 49.90M | 54.84M | 60.70M | 62.99M | 65.16M | 61.82M | 58.06M | 54.08M | 58.40M | 55.23M | 57.73M | 69.10M |
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 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 93.79M | 186.98M | 189.89M | 216.73M | 224.86M | 235.88M | 274.05M | 290.81M | 393.08M | 369.11M | 389.81M | 432.81M | 629.81M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 256.99M | 271.82M | 307.29M | 475.95M |
| Cash & Equivalents | 19.05M | 23.87M | 20.79M | 91.91M | 98.12M | 28.98M | 46.57M | 40.62M | 45.74M | 83.28M | 78.92M | 67.97M | 97.24M | 95.13M | 71.14M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | 19.69M | 23.52M | 22.00M | 18.03M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 72.93M | 74.31M | 76.69M | 62.07M |
| Total Liabilities | - | - | 102.50M | 90.42M | 111.69M | 133.98M | 126.47M | 131.99M | 165.27M | 174.84M | 184.20M | 188.09M | 181.93M | 200.99M | 418.27M |
| Current Liabilities | - | - | 63.60M | 70.69M | 87.04M | 101.42M | 92.73M | 97.37M | 97.58M | 107.78M | 116.08M | 118.25M | 111.07M | 123.57M | 133.65M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 218.79M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 21.64M | 16.82M | 11.94M | 227.76M |
| Total Equity | -25.59M | -111.89M | -134.88M | 96.56M | 78.20M | 82.75M | 98.39M | 103.88M | 108.79M | 115.97M | 208.89M | 181.01M | 207.88M | 231.83M | 211.55M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 87.12M | 89.00M | 90.52M | 92.00M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.21M | -25.13M | -30.54M | 3.39M | 18.78M | 14.31M | -2.69M | -426.00K | 55.29M | - | 66.10M | 44.51M | 90.49M | 84.89M |
| Investing Cash Flow | -4.24M | -2.99M | -6.10M | -3.48M | -96.36M | -5.14M | -6.88M | -251.00K | 5.20M | - | 11.09M | 13.61M | -48.35M | -243.64M |
| Financing Cash Flow | 5.85M | 25.05M | 107.75M | 6.30M | 8.44M | 8.42M | 3.62M | 5.80M | -22.95M | - | -88.14M | -28.85M | -44.26M | 134.75M |
| 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 | -86.00K | 13.91M | 8.58M | -5.49M | -4.77M | 51.72M | - | 55.30M | 33.62M | 78.22M | 64.77M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | -10.95M | 29.27M | -2.12M | -23.99M |
| Share Buybacks | - | - | 0 | 0 | 1.80M | 3.07M | 0 | 0 | 32.54M | 18.27M | 79.26M | 15.97M | 30.08M | 68.92M |
| Dividends Paid | - | - | - | - | - | - | - | 0 | 0 | 3.88M | 15.92M | 17.82M | 17.80M | 17.37M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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 |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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