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A10 Network(ATEN)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
5-STAR RATING
PASS
LAST CLOSE
$28.66
11/13/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for ATEN

11/13/2026: ATEN (5-star) is currently NOT-A-BUY. Pass it for now.

A10 Networks is a specialized player in the networking and security sector, primarily providing application delivery and DDoS protection solutions. The company is known for its strong focus on high-performance infrastructure, which helps it maintain solid margins and consistent cash flow. Its primary investment story centers on the ongoing shift to recurring subscription revenue and demand for enhanced security in hybrid-cloud environments. Key risks include intense competition from larger networking incumbents and the pressure to adapt to software-defined shifts. The stock may appeal to income-oriented investors due to its dividend, as well as value investors seeking exposure to the security sector.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers moderate growth potential but lacks the hyper-growth characteristics typically sought by pure-play growth investors.
Momentum investorMixed fitMomentum fit is conditional on positive price trends and sustained revenue acceleration.
Value investorStrong fitThe company often trades at reasonable valuation multiples relative to its cash flow and profitability.
Dividend investorStrong fitThe company offers a sustainable, consistent dividend supported by strong cash flow generation.
Low-risk investorMixed fitWhile profitable, the company operates in a volatile, highly competitive tech sector.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumThe stock can experience swings typical of mid-cap technology companies.
Valuation riskMediumInvestors must weigh the company's growth outlook against its current market multiples.
Competition risk (Cybersecurity/Networking)HighThe company faces constant pressure from larger incumbents and agile startups.
Business qualityMediumThe business has solid fundamentals and strong margins but faces long-term structural shifts in networking.
Dividend incomeLowDividend payments are generally secure but provide moderate yields compared to income-focused sectors.
Execution riskMediumSuccess depends on effectively navigating the ongoing shift toward software-based security models.

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.11B USD
Price to earnings Ratio 45.78
1Y Target Price 34.17
Price to earnings Ratio 45.78
1Y Target Price 34.17
Volume (30-day avg) 1.1M shares
Beta 0.95
52 Weeks Range 16.40 - 38.41
Updated Date 11/13/2026
52 Weeks Range 16.40 - 38.41
Updated Date 11/13/2026
Dividends yield (FY) 0.84%
Basic EPS (TTM) 0.64

Sector & Industry Intelligence

Sector

Technology

Caution
Sentiment
Near Bearish
Momentum
Rapid Breadth Deterioration
BUY participation
30.1%
Active BUY / eligible
37 / 123
30-Day BUY Count Change
-42
Market state
Weak Bullish / Near Bearish

BUY participation is falling rapidly, suggesting elevated market vulnerability.

Industry

Software - Infrastructure

BUY participation
50.0%
Active BUY / eligible
14 / 28
30-Day BUY Count Change
-8

Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 57.07%
Avg. Invested days 48
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/13/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ATEN receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
ATEN has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 22.3%) and solid revenue growth (+11.0%) are partially offset by negative earnings growth (-16.0%), modest insider ownership of 1.62%.

Financial Health Rating

★★★★★
ATEN's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 54.4%). Operating efficiency is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ATEN's strongest growth driver at +11.0% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-16.0%, negative) and free-cash-flow growth (-17.2%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 110.6% and approximately 98.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.62% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 18.69%
Vanguard Portfolio Management, LLC 4.77%
First Trust Advisors L.P. 4.47%
State Street Corp 4.25%
Vanguard Capital Management, LLC 4.23%

Unit Economics (Per $1K Revenue)

★★★★★
ATEN generates approximately $793 of gross profit, $162 of operating income, and $223 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins and strong cash conversion support the rating, although capital efficiency remains moderate.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.62%

Quantitative Style Profile

★★★★★
ATEN has a high-quality, liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Quality TiltSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

How Company Makes Money

Business areaWhat it includesRetail investor read
Product RevenueHardware and software appliances for ADC and security.Traditional sales of physical and virtual networking gear.
Service and SupportMaintenance contracts and subscription-based security services.Recurring revenue streams that provide steady cash flow.

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 2026-11-05
When After Market
Estimate 0.21
Actual 0.25

Profitability

Profit Margin 14.66%
Operating Margin (TTM) 17.33%

Management Effectiveness

Return on Assets (TTM) 5.52%
Return on Equity (TTM) 21.84%

Valuation

Trailing PE 45.78
Forward PE 25
Enterprise Value 1.98B
Price to Sales(TTM) 6.46
Enterprise Value 1.98B
Price to Sales(TTM) 6.46
Enterprise Value to Revenue 5.92
Enterprise Value to EBITDA 22.49
Shares Outstanding 72.05M
Shares Floating 70.76M
Shares Outstanding 72.05M
Shares Floating 70.76M
Percent Insiders 1.62
Percent Institutions 110.56

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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