ATEN
TechnologyA10 Networks, Inc. · Software - Infrastructure · $2B
What is A10 Networks, Inc.?
A10 Networks is a San Jose-based technology company that helps enterprises, cloud providers, and service providers deliver applications securely and at scale. Its networking and security solutions span hardware appliances, virtual platforms, and cloud-native software.
A10 Networks generates revenue by selling application delivery controllers, carrier-grade networking products, and cybersecurity solutions — primarily to telecommunications carriers, cloud providers, and large enterprises. Customers pay for hardware appliances, software licenses, and subscription-based cloud services. The company also earns recurring revenue through support and maintenance contracts, which provides some revenue stability alongside its product sales.
A10 Networks was founded in 2014 and is headquartered in San Jose, California.
- Thunder ADC — advanced application delivery and server load balancing
- Thunder TPS — protection against large-scale DDoS attacks
- Thunder Convergent Firewall — consolidated security and networking in one appliance
- Lightning ADC — cloud-native SaaS platform for application delivery
- Harmony Controller — multi-cloud management and analytics automation
Is ATEN a Good Stock to Buy?
UQS Score rates ATEN as Below Average overall.
Among the five pillars, Valuation stands out as the relative bright spot — the stock does not appear stretched on a price basis relative to its fundamentals. The Risk pillar also comes in at Neutral, suggesting the balance sheet and financial stability are not a major near-term concern.
The Moat and Growth pillars are both rated Weak, indicating limited competitive differentiation and a challenging revenue expansion trajectory. The Quality pillar sits at Neutral, offering little additional offset.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ATEN pay dividends?
Yes — A10 Networks, Inc. pays a dividend.
A10 Networks pays a regular dividend, which is relatively uncommon among small-cap technology companies. This signals a degree of financial discipline and a willingness to return capital to shareholders. Income-focused investors may find this appealing, though the dividend should be weighed against the company's Weak Growth profile when evaluating total return potential.
When does ATEN report earnings?
A10 Networks reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's recent results reflect the pressures visible in its Weak Growth pillar — revenue expansion has been limited, and the competitive environment in networking and security remains challenging. Management commentary on cloud and carrier customer trends tends to be the key focus each quarter.
For the most recent quarter's results and guidance, visit A10 Networks' investor relations page directly.
ATEN Price History
+204.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in A10 Networks, Inc.?
Based on A10 Networks, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ATEN Long-term Outlook
The UQS Growth pillar rating of Weak suggests the near-term fundamental outlook for A10 Networks is cautious. Expansion into cloud-native delivery and multi-cloud management tools represents a potential longer-term driver, but the Weak Moat rating indicates the company faces meaningful competition that could limit pricing power and market share gains. The Neutral Risk profile provides some reassurance that financial distress is not an immediate concern, but sustained growth will require clearer differentiation.
Growth drivers
- Adoption of cloud-native and SaaS-based application delivery solutions
- Growing demand for DDoS protection among carriers and cloud providers
- Recurring support and subscription revenue providing baseline stability
Key risks
- Intense competition from larger, better-resourced networking and security vendors
- Limited moat may compress pricing power over time
- Slow revenue growth could pressure the sustainability of capital return programs
ATEN vs Peers
A10 Networks operates in a competitive technology landscape alongside a range of peers serving adjacent markets.
GigaCloud focuses on B2B e-commerce marketplace infrastructure rather than network security, serving a distinct customer base from A10's carrier and enterprise focus.
Marqeta operates a modern card-issuing platform for fintech and financial services, competing in payments infrastructure rather than application delivery or cybersecurity.
EVERTEC provides payment technology and processing services primarily in Latin America, occupying a different geographic and functional niche than A10 Networks.
Frequently Asked Questions
What does A10 Networks do?
A10 Networks provides application delivery controllers, DDoS protection systems, and network security solutions for enterprises, cloud providers, and telecommunications carriers. Its products are available as hardware appliances, virtual software, and cloud-native platforms, helping customers deliver applications securely and at scale.
Does ATEN pay dividends?
Yes, A10 Networks pays a regular dividend — an unusual feature for a small-cap technology company. Investors should review the current dividend rate and payout history on the company's investor relations page to assess sustainability in light of its growth profile.
When does ATEN report earnings?
A10 Networks follows a standard quarterly earnings cadence for US-listed companies. For the exact schedule and most recent results, check the investor relations section of A10 Networks' official website.
Is ATEN a good stock to buy?
UQS Score rates ATEN as Below Average overall. The Valuation pillar is rated Good and Risk is Neutral, but both the Moat and Growth pillars are rated Weak. Investors should weigh these factors carefully. The full pillar breakdown is available to UQS Pro members.
Is ATEN overvalued?
The UQS Valuation pillar for ATEN is rated Good, suggesting the stock is not obviously overpriced relative to its fundamentals at current levels. However, valuation alone does not determine investment merit — the Weak Growth and Moat ratings are important context.
How does ATEN compare to its competitors?
A10 Networks competes in the networking and security space against larger, well-resourced vendors. Its UQS Moat pillar is rated Weak, indicating limited competitive differentiation. Peers listed on UQS include GigaCloud Technology, Marqeta, and EVERTEC, each serving different technology sub-sectors.
What is ATEN's market cap bracket?
A10 Networks is classified as a small-cap company. Small-cap stocks can offer growth potential but often carry higher volatility and liquidity risk compared to large- or mega-cap peers in the technology sector.
Who founded A10 Networks?
A10 Networks was founded in 2014. For detailed founding history and leadership background, the company's official about page and public filings provide the most accurate information.
Is ATEN a long-term quality investment?
As a long-term quality indicator, ATEN's Below Average UQS Score reflects meaningful concerns — particularly the Weak Moat and Weak Growth ratings. Long-term quality investing typically favors companies with durable competitive advantages and consistent growth, areas where A10 Networks currently scores below sector peers.
What is the main competitive advantage of A10 Networks?
A10 Networks' product portfolio spans hardware, software, and cloud-native delivery — offering deployment flexibility to carriers and enterprises. However, the UQS Moat pillar is rated Weak, suggesting this flexibility has not yet translated into a strongly defensible market position relative to larger competitors.
What sector does ATEN belong to?
A10 Networks belongs to the Technology sector, specifically within networking and cybersecurity solutions. It serves cloud providers, telecommunications carriers, and enterprises — segments that face ongoing competitive pressure from both established players and emerging vendors.
Is ATEN a growth stock or value stock?
Based on UQS pillar labels, ATEN leans toward neither category cleanly. The Growth pillar is rated Weak, making a pure growth classification difficult to support. The Valuation pillar is rated Good, which may attract value-oriented screening — but weak growth can limit the appeal of a value thesis.
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Pro Analysis
ATEN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 43.2 | 44.9 | 28.0 | 37.1 | 55.2 | 62.0 | -0.1 |
| May 22, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.7 | 0.0 |
| May 21, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.5 | 0.0 |
| May 20, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.7 | 0.0 |
| May 18, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.3 | 0.0 |
| May 17, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.4 | 0.0 |
| May 16, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.5 | +0.1 |
| May 15, 2026 | 43.2 | 44.9 | 28.0 | 37.1 | 55.2 | 62.2 | -0.1 |
| May 14, 2026 | 43.3 | 44.9 | 28.0 | 37.1 | 55.2 | 62.8 | -0.2 |
| May 13, 2026 | 43.5 | 44.9 | 28.0 | 37.1 | 55.2 | 63.9 | +0.1 |
ATEN — Pillar Breakdown
Quality
— 44.9/100 (25%)A10 Networks, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 37.1/100 (20%)A10 Networks, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 55.2/100 (15%)A10 Networks, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 53.3/100 (15%)A10 Networks, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)A10 Networks, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ATEN.
Score Composition
Financial Data
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How is the ATEN UQS Score Calculated?
The UQS (Unified Quality Score) for A10 Networks, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses A10 Networks, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether A10 Networks, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.