Overview Dividends

(ATEN) A10 Network - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0021211018

Application Delivery, Network Security, Denial Service Protection

ATEN EPS (Earnings per Share)

EPS Growth (3Y CAGR): -1.54%
EPS Trend (3Y Correlation): 38.9%

ATEN Revenue

Revenue Growth (3Y CAGR): -1.40%
Revenue Trend (3Y Correlation): 29.2%

Risk via 10d forecast
Volatility	31.8%
Value at Risk 5%th	49.2%

Reward
Sharpe Ratio	0.17
Alpha Jensen	-11.73

Character
Hurst Exponent	0.403
Beta	1.263

Drawdowns 3y
Max DD	43.87%
Mean DD	21.21%

Description: ATEN A10 Network August 19, 2025

A10 Networks, listed on the NYSE under the ticker symbol ATEN, operates within the Systems Software sub-industry. The companys market capitalization stands at approximately $1.256 billion USD, categorizing it as a mid-cap entity.

The stocks current price is $17.18, with various moving averages indicating a potential trend reversal or consolidation phase, as the short-term SMA20 and SMA50 are above the current price, while the long-term SMA200 is slightly below, suggesting a complex trend. The Average True Range (ATR) indicates a moderate level of volatility.

From a fundamental analysis perspective, A10 Networks Price-to-Earnings (P/E) ratio is 25.23, slightly higher than the industry average for software companies, suggesting a premium valuation. The forward P/E ratio is 19.84, indicating expected earnings growth. The Return on Equity (RoE) of 24.04% is robust, signifying efficient use of shareholder equity.

Key drivers for A10 Networks include the growing demand for cybersecurity solutions, as businesses increasingly move online and face rising threats. The companys positioning within the Systems Software sub-industry places it at the intersection of network security, application delivery, and cloud infrastructure. KPIs to watch include revenue growth, particularly from its core segments such as its Application Delivery and Security solutions, and the companys ability to maintain its RoE and expand its profit margins.

Economic drivers influencing A10 Networks include the pace of digital transformation, regulatory requirements for cybersecurity, and the overall health of the global economy, which can impact IT spending. The companys beta of 1.348 suggests its stock price is more volatile than the broader market, potentially due to its positioning in the technology sector.

ATEN Stock Overview

Market Cap in USD	1,236m
Sub-Industry	Systems Software
IPO / Inception	2014-03-21
Return 12m vs S&P 500	-10.4%
Analyst Rating	4.17 of 5

ATEN Dividends

Dividend Yield	1.40%
Yield on Cost 5y	3.31%
Yield CAGR 5y	68.69%
Payout Consistency	99.0%
Payout Ratio	25.3%

ATEN Growth Ratios

CAGR	-0.44%
CAGR/Max DD Calmar Ratio	-0.01
CAGR/Mean DD Pain Ratio	-0.02
Current Volume	604.5k
Average Volume	520.4k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (50.6m TTM) > 0 and > 6% of Revenue (6% = 17.1m TTM)

FCFTA 0.12 (>2.0%) and ΔFCFTA -1.74pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 117.1% (prev 60.80%; Δ 56.29pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 87.9m > Net Income 50.6m (YES >=105%, WARN >=100%)

Net Debt (142.3m) to EBITDA (69.1m) ratio: 2.06 <= 3.0 (WARN <= 3.5)

Current Ratio 3.59 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (73.0m) change vs 12m ago -2.32% (target <= -2.0% for YES)

Gross Margin 79.66% (prev 80.69%; Δ -1.03pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 55.34% (prev 63.25%; Δ -7.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 10.44 (EBITDA TTM 69.1m / Interest Expense TTM 5.29m) >= 6 (WARN >= 3)

Altman Z'' 4.01

(A) 0.54 = (Total Current Assets 461.7m - Total Current Liabilities 128.7m) / Total Assets 620.1m

(B) -0.01 = Retained Earnings (Balance) -8.07m / Total Assets 620.1m

(D) -0.18 = Book Value of Equity -76.1m / Total Liabilities 413.9m

Total Rating: 4.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.55

1. Piotroski 5.50pt = 0.50

2. FCF Yield 6.59% = 3.29

3. FCF Margin 25.33% = 6.33

4. Debt/Equity 1.11 = 1.92

5. Debt/Ebitda 2.06 = -0.12

6. ROIC - WACC (= 4.39)% = 5.48

7. RoE 24.14% = 2.01

8. Rev. Trend 29.17% = 2.19

9. EPS Trend 38.90% = 1.94

What is the price of ATEN shares?

As of November 14, 2025, the stock is trading at USD 17.09 with a total of 604,502 shares traded.
Over the past week, the price has changed by -5.74%, over one month by -4.31%, over three months by -3.76% and over the past year by +3.83%.

Is A10 Network a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, A10 Network (NYSE:ATEN) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 73.55 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ATEN is around 15.56 USD . This means that ATEN is currently overvalued and has a potential downside of -8.95%.

Is ATEN a buy, sell or hold?

A10 Network has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy ATEN.

Strong Buy: 3
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ATEN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	23	34.6%
Analysts Target Price	23	34.6%
ValueRay Target Price	17.5	2.1%

ATEN Fundamental Data Overview November 11, 2025

Market Cap USD = 1.24b (1.24b USD * 1.0 USD.USD)
P/E Trailing = 24.971
P/E Forward = 19.0476
P/S = 4.3454
P/B = 6.5401
P/EG = -10.86
Beta = 1.263
Revenue TTM = 284.4m USD
EBIT TTM = 55.3m USD
EBITDA TTM = 69.1m USD
Long Term Debt = 218.1m USD (from longTermDebt, two quarters ago)
Short Term Debt = 5.53m USD (from shortTermDebt, last quarter)
Debt = 228.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 142.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.09b USD (1.24b + Debt 228.8m - CCE 370.9m)
Interest Coverage Ratio = 10.44 (Ebit TTM 55.3m / Interest Expense TTM 5.29m)
FCF Yield = 6.59% (FCF TTM 72.1m / Enterprise Value 1.09b)
FCF Margin = 25.33% (FCF TTM 72.1m / Revenue TTM 284.4m)
Net Margin = 17.78% (Net Income TTM 50.6m / Revenue TTM 284.4m)
Gross Margin = 79.66% ((Revenue TTM 284.4m - Cost of Revenue TTM 57.8m) / Revenue TTM)
Gross Margin QoQ = 80.14% (prev 78.85%)
Tobins Q-Ratio = 1.76 (Enterprise Value 1.09b / Total Assets 620.1m)
Interest Expense / Debt = 1.04% (Interest Expense 2.39m / Debt 228.8m)
Taxrate = 12.88% (1.80m / 14.0m)
NOPAT = 48.1m (EBIT 55.3m * (1 - 12.88%))
Current Ratio = 3.59 (Total Current Assets 461.7m / Total Current Liabilities 128.7m)
Debt / Equity = 1.11 (Debt 228.8m / totalStockholderEquity, last quarter 206.2m)
Debt / EBITDA = 2.06 (Net Debt 142.3m / EBITDA 69.1m)
Debt / FCF = 1.97 (Net Debt 142.3m / FCF TTM 72.1m)
Total Stockholder Equity = 209.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.16% (Net Income 50.6m / Total Assets 620.1m)
RoE = 24.14% (Net Income TTM 50.6m / Total Stockholder Equity 209.5m)
RoCE = 12.93% (EBIT 55.3m / Capital Employed (Equity 209.5m + L.T.Debt 218.1m))
RoIC = 13.53% (NOPAT 48.1m / Invested Capital 355.8m)
WACC = 9.14% (E(1.24b)/V(1.46b) * Re(10.67%) + D(228.8m)/V(1.46b) * Rd(1.04%) * (1-Tc(0.13)))
Discount Rate = 10.67% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.29%
[DCF Debug] Terminal Value 72.66% ; FCFE base≈65.0m ; Y1≈77.1m ; Y5≈120.0m
Fair Price DCF = 18.63 (DCF Value 1.34b / Shares Outstanding 71.7m; 5y FCF grow 19.78% → 3.0% )
EPS Correlation: 38.90 | EPS CAGR: -1.54% | SUE: 0.69 | # QB: 0
Revenue Correlation: 29.17 | Revenue CAGR: -1.40% | SUE: 1.36 | # QB: 5

Additional Sources for ATEN Stock

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