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Company Analysis

A10 Networks, Inc. ATEN

A comprehensive view of key metrics, scores, and financial health for A10 Networks, Inc.

Overview of A10 Networks, Inc.

ATEN NYQ
Technology Software - Infrastructure Small Cap
A10 Networks, Inc. (ATEN), is a Small Cap company, in the Software - Infrastructure industry, last closed at $20.97, about 16.5% overvalued vs fair value, +18.1% 1Y return, placing in the top 10% of its sector.
$20.97
-0.43%
As of March 13, 2026
Previous close • Vol 90d: 32.4%
52-Week Range
Market Cap
$1.50B
Enterprise Value
$1.65B
Overall Score
Scores locked

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Top Beats
No strong beats yet

Quick Facts

Website https://www.a10networks.com
HQ San Jose, CA
Employees 494
Fiscal year Dec 31

Next Events

Earnings Apr 28 Estimated

Fair Value Snapshot

Bear Base Bull
$16
$18
$19
Current: $20.97 -17% vs base

Engine Room Money Flow™

Small Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$290.6M
11%%
Gross Profit
$230.5M
9.6%%
Operating Income
$47.1M
7.2%%
Net Income
$42.1M
-16%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
185.6%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$86.3M
110.3% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
3
Active Leaks
2/3
Improving
1
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating A10 Networks, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
79
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
88
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing ATEN's balance between Growth (19.7%), Profitability (44.9%), and Safety (35.5%). Growth 20% Safety 36% Profitability 45%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

35th percentile vs peers
35
Key Signals
Rev Growth YoY 11.0% 45p Revenue CAGR 3Y 1.2% 27p TSR -2.5% 50p EPS Growth YoY -14.0% 25p EPS CAGR 3Y -1.7% 24p
Strengths
  • Gross Profit Margin in top 20% of peers (79.3%, 82th percentile)
  • Operating Margin in top 20% of peers (16.2%, 80th percentile)
  • Net Profit Margin in top 20% of peers (14.5%, 82th percentile)
  • Fcf Margin in top 20% of peers (22.3%, 82th percentile)
Risks
  • Growth below peer median (percentile: 35)

Profitability

80th percentile vs peers
81
Key Signals
Strengths
Risks
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Safety

63th percentile vs peers
64
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for A10 Networks, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

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Bear
-
- - -
- upside
-
Base
$17.52
- - -
-16.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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