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ATEN 
A10 Network (ATEN)
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Upturn Advisory Summary
11/05/2025: ATEN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $23
1 Year Target Price $23
| 3 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 2.28% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.28B USD | Price to earnings Ratio 25.78 | 1Y Target Price 23 |
Price to earnings Ratio 25.78 | 1Y Target Price 23 | ||
Volume (30-day avg) 6 | Beta 1.26 | 52 Weeks Range 13.72 - 21.75 | Updated Date 11/6/2025 |
52 Weeks Range 13.72 - 21.75 | Updated Date 11/6/2025 | ||
Dividends yield (FY) 1.32% | Basic EPS (TTM) 0.69 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-06 | When After Market | Estimate 0.21 | Actual 0.23 |
Profitability
Profit Margin 17.78% | Operating Margin (TTM) 17.4% |
Management Effectiveness
Return on Assets (TTM) 6.18% | Return on Equity (TTM) 23.88% |
Valuation
Trailing PE 25.78 | Forward PE 19.05 | Enterprise Value 1196551851 | Price to Sales(TTM) 4.49 |
Enterprise Value 1196551851 | Price to Sales(TTM) 4.49 | ||
Enterprise Value to Revenue 4.33 | Enterprise Value to EBITDA 18.25 | Shares Outstanding 71726487 | Shares Floating 70541565 |
Shares Outstanding 71726487 | Shares Floating 70541565 | ||
Percent Insiders 1.34 | Percent Institutions 101.11 |
Upturn AI SWOT
A10 Network
Company Overview
History and Background
A10 Networks was founded in 2004 by Lee Chen. The company focuses on application delivery networking solutions. It went public in 2014. A10 Networks has evolved from focusing on load balancing to providing comprehensive security and application delivery solutions.
Core Business Areas
- Application Delivery Controllers (ADC): A10's ADCs optimize application performance, availability, and security. These solutions are used for load balancing, application acceleration, and SSL offload.
- Security Solutions: A10 offers DDoS protection, SSL visibility, and application security solutions to protect networks and applications from cyber threats. Their security products are centered around their Thunder TPS (Threat Protection System) and Thunder CFW (Converged Firewall).
- 5G Solutions: A10 provides solutions that support the deployment and management of 5G networks, including Gi/SGi firewall, UPF, and other related services.
Leadership and Structure
The CEO of A10 Networks is Dhrupad Trivedi. The company operates with a functional organizational structure, including departments for engineering, sales, marketing, finance, and operations. The board of directors provides overall governance and strategic direction.
Top Products and Market Share
Key Offerings
- Market Share (%): 10
- Thunder ADC: A high-performance Application Delivery Controller offering load balancing, application acceleration, and security features. Market share is estimated at 8-12% of the ADC market. Competitors include F5 Networks, Citrix, and Kemp Technologies.
- Market Share (%): 5
- Thunder TPS: A DDoS protection system that mitigates volumetric and application-layer attacks. Market share is smaller but growing in the DDoS mitigation market. Competitors include Arbor Networks (NETSCOUT), Radware, and Cloudflare.
- Market Share (%): 2
- Thunder CFW: A converged firewall solution, combining application delivery and security features. Market share is nascent compared to established firewall vendors. Competitors include Fortinet, Palo Alto Networks, and Cisco.
Market Dynamics
Industry Overview
The application delivery and security market is driven by the increasing complexity of applications, the growing threat landscape, and the need for high performance and availability. The rise of cloud computing and 5G is also influencing market trends.
Positioning
A10 Networks positions itself as a provider of secure application services. It differentiates itself through high-performance solutions and a focus on innovation in areas like 5G and cloud security.
Total Addressable Market (TAM)
The total addressable market for A10's products, including ADC, DDoS protection, and security solutions, is estimated to be in the billions of dollars. A10's positioning focuses on capturing a greater share of this market through targeted innovation and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Strong technology and engineering expertise
- High-performance solutions
- Innovation in 5G and cloud security
- Established customer base
Weaknesses
- Smaller market share compared to larger competitors
- Limited brand recognition
- Dependence on specific industries
- Lower sales and marketing resources than competitors
Opportunities
- Growing demand for application security
- Expansion into new markets (e.g., cloud, 5G)
- Strategic partnerships
- Increasing adoption of ADC solutions
Threats
- Intense competition
- Rapid technological changes
- Economic downturns
- Security breaches
Competitors and Market Share
Key Competitors
- FTNT
- PANW
- CSCO
- F5
Competitive Landscape
A10 Networks faces intense competition from larger, well-established companies. A10's advantages lie in its specialized solutions and innovation in emerging areas like 5G, while its disadvantages include limited brand recognition and lower sales resources.
Major Acquisitions
Appcito
- Year: 2016
- Acquisition Price (USD millions): 0
- Strategic Rationale: Acquisition of Appcito enhanced A10's cloud application delivery capabilities.
Growth Trajectory and Initiatives
Historical Growth: A10 Networks' growth has been moderate. Their historical growth can be analyzed by assessing their SEC filings, which are updated quarterly, or from financial analysis websites.
Future Projections: Future growth projections are based on analyst estimates which can be obtained through financial analyst websites like Yahoo Finance.
Recent Initiatives: Recent initiatives include focusing on cloud security, 5G solutions, and expanding their product portfolio through innovation and strategic partnerships.
Summary
A10 Networks is a specialized provider of application delivery and security solutions. They have strong technology and engineering expertise, but face competition from larger companies. Their innovation in areas like 5G provides growth opportunities, but they must address their limited brand recognition. Overall they are a stable growth company positioned well for the future.
Similar Stocks
Sources and Disclaimers
Data Sources:
- A10 Networks' Investor Relations website
- SEC filings
- Industry reports (e.g., Gartner, Forrester)
- Financial news sources (e.g., Yahoo Finance, Bloomberg)
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data is approximate and based on estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About A10 Network
Exchange NYSE | Headquaters San Jose, CA, United States | ||
IPO Launch date 2014-03-21 | Board Chair, President & CEO Mr. Dhrupad Trivedi Ph.D. | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 481 | Website https://www.a10networks.com |
Full time employees 481 | Website https://www.a10networks.com | ||
A10 Networks, Inc. provides security and infrastructure solutions in the United States, rest of the Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package. It also provides A10 Control that provides intelligent management, automation, and analytics for secure application delivery. In addition, the company offers A10 Defend Threat Control, a standalone SaaS platform; A10 Defend Orchestrator, which provides a centralized point of control for seamless distributed denial of service (DDoS) defense management and execution; A10 Defend Detector, a DDoS detector used to easily manage the scale and heterogenous nature of SP networks; A10 Defend Mitigator, a DDoS mitigation solution; and A10 Defend ThreatX Protect, a cloud-based web application and application programming interfaces protection solution. It delivers its solutions in hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software forms. The company serves cloud, telecommunications, multiple system, and cable service providers; government organizations; and enterprises in the telecommunications, technology, industrial, government, retail, financial, gaming, and education industries. It sells its products through sales organizations; and distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California.
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