A10 NETWORKS INC (ATEN) Stock Fundamental Analysis

NYSE:ATEN • US0021211018

19.26 USD
0 (0%)
At close: Feb 27, 2026
19.26 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ATEN. ATEN was compared to 275 industry peers in the Software industry. While ATEN has a great profitability rating, there are some minor concerns on its financial health. ATEN has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • ATEN had positive earnings in the past year.
  • In the past year ATEN had a positive cash flow from operations.
  • In the past 5 years ATEN has always been profitable.
  • In the past 5 years ATEN always reported a positive cash flow from operatings.
ATEN Yearly Net Income VS EBIT VS OCF VS FCFATEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M

1.2 Ratios

  • The Return On Assets of ATEN (6.69%) is better than 77.54% of its industry peers.
  • With an excellent Return On Equity value of 19.92%, ATEN belongs to the best of the industry, outperforming 86.59% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 7.97%, ATEN belongs to the top of the industry, outperforming 80.07% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ATEN is in line with the industry average of 10.80%.
Industry RankSector Rank
ROA 6.69%
ROE 19.92%
ROIC 7.97%
ROA(3y)9.51%
ROA(5y)13.08%
ROE(3y)20.26%
ROE(5y)26.42%
ROIC(3y)10.44%
ROIC(5y)11.8%
ATEN Yearly ROA, ROE, ROICATEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

1.3 Margins

  • ATEN has a better Profit Margin (14.50%) than 78.99% of its industry peers.
  • In the last couple of years the Profit Margin of ATEN has grown nicely.
  • ATEN has a Operating Margin of 16.33%. This is amongst the best in the industry. ATEN outperforms 84.06% of its industry peers.
  • In the last couple of years the Operating Margin of ATEN has grown nicely.
  • ATEN's Gross Margin of 79.34% is fine compared to the rest of the industry. ATEN outperforms 78.99% of its industry peers.
  • In the last couple of years the Gross Margin of ATEN has remained more or less at the same level.
Industry RankSector Rank
OM 16.33%
PM (TTM) 14.5%
GM 79.34%
OM growth 3Y-5.03%
OM growth 5Y15.63%
PM growth 3Y-4.66%
PM growth 5Y12.94%
GM growth 3Y-0.17%
GM growth 5Y0.4%
ATEN Yearly Profit, Operating, Gross MarginsATEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • ATEN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ATEN has less shares outstanding
  • The number of shares outstanding for ATEN has been increased compared to 5 years ago.
  • ATEN has a worse debt/assets ratio than last year.
ATEN Yearly Shares OutstandingATEN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ATEN Yearly Total Debt VS Total AssetsATEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • ATEN has an Altman-Z score of 3.18. This indicates that ATEN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of ATEN (3.18) is better than 67.39% of its industry peers.
  • ATEN has a debt to FCF ratio of 3.38. This is a good value and a sign of high solvency as ATEN would need 3.38 years to pay back of all of its debts.
  • ATEN has a Debt to FCF ratio of 3.38. This is in the better half of the industry: ATEN outperforms 62.32% of its industry peers.
  • ATEN has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
  • ATEN has a Debt to Equity ratio of 1.03. This is in the lower half of the industry: ATEN underperforms 76.81% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 3.38
Altman-Z 3.18
ROIC/WACC0.74
WACC10.83%
ATEN Yearly LT Debt VS Equity VS FCFATEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 3.56 indicates that ATEN has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 3.56, ATEN is doing good in the industry, outperforming 77.90% of the companies in the same industry.
  • A Quick Ratio of 3.43 indicates that ATEN has no problem at all paying its short term obligations.
  • ATEN's Quick ratio of 3.43 is fine compared to the rest of the industry. ATEN outperforms 76.81% of its industry peers.
Industry RankSector Rank
Current Ratio 3.56
Quick Ratio 3.43
ATEN Yearly Current Assets VS Current LiabilitesATEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 3.45% over the past year.
  • Measured over the past years, ATEN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.87% on average per year.
  • ATEN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.03%.
  • ATEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.20% yearly.
EPS 1Y (TTM)3.45%
EPS 3Y8.23%
EPS 5Y14.87%
EPS Q2Q%-16.13%
Revenue 1Y (TTM)11.03%
Revenue growth 3Y1.21%
Revenue growth 5Y5.2%
Sales Q2Q%8.29%

3.2 Future

  • ATEN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.32% yearly.
  • The Revenue is expected to grow by 9.04% on average over the next years. This is quite good.
EPS Next Y7.12%
EPS Next 2Y9.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.18%
Revenue Next 2Y10.1%
Revenue Next 3Y6.72%
Revenue Next 5Y9.04%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ATEN Yearly Revenue VS EstimatesATEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 100M 200M 300M 400M 500M
ATEN Yearly EPS VS EstimatesATEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • ATEN is valuated rather expensively with a Price/Earnings ratio of 21.40.
  • Based on the Price/Earnings ratio, ATEN is valued a bit cheaper than the industry average as 68.12% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, ATEN is valued a bit cheaper.
  • ATEN is valuated rather expensively with a Price/Forward Earnings ratio of 19.98.
  • ATEN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ATEN is cheaper than 63.77% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of ATEN to the average of the S&P500 Index (28.06), we can say ATEN is valued slightly cheaper.
Industry RankSector Rank
PE 21.4
Fwd PE 19.98
ATEN Price Earnings VS Forward Price EarningsATEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • ATEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ATEN is cheaper than 82.25% of the companies in the same industry.
  • ATEN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ATEN is cheaper than 70.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.26
EV/EBITDA 14.63
ATEN Per share dataATEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ATEN does not grow enough to justify the current Price/Earnings ratio.
  • ATEN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.01
PEG (5Y)1.44
EPS Next 2Y9.32%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ATEN has a Yearly Dividend Yield of 1.25%.
  • Compared to an average industry Dividend Yield of 0.58, ATEN pays a better dividend. On top of this ATEN pays more dividend than 92.39% of the companies listed in the same industry.
  • ATEN's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.25%

5.2 History

  • ATEN has been paying a dividend for over 5 years, so it has already some track record.
  • ATEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
ATEN Yearly Dividends per shareATEN Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • ATEN pays out 41.22% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.22%
EPS Next 2Y9.32%
EPS Next 3YN/A
ATEN Yearly Income VS Free CF VS DividendATEN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M
ATEN Dividend Payout.ATEN Dividend Payout, showing the Payout Ratio.ATEN Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

A10 NETWORKS INC

NYSE:ATEN (2/27/2026, 8:04:00 PM)

After market: 19.26 0 (0%)

19.26

0 (0%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-04
Earnings (Next)04-29
Inst Owners100.09%
Inst Owner Change-0.11%
Ins Owners1.17%
Ins Owner Change-0.24%
Market Cap1.38B
Revenue(TTM)290.56M
Net Income(TTM)42.14M
Analysts81.54
Price Target24.82 (28.87%)
Short Float %8.23%
Short Ratio7.54
Dividend
Industry RankSector Rank
Dividend Yield 1.25%
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP41.22%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.93%
Min EPS beat(2)6.43%
Max EPS beat(2)7.42%
EPS beat(4)4
Avg EPS beat(4)6.23%
Min EPS beat(4)3.03%
Max EPS beat(4)8.03%
EPS beat(8)8
Avg EPS beat(8)10.38%
EPS beat(12)10
Avg EPS beat(12)7.19%
EPS beat(16)13
Avg EPS beat(16)7%
Revenue beat(2)2
Avg Revenue beat(2)2.21%
Min Revenue beat(2)0.88%
Max Revenue beat(2)3.55%
Revenue beat(4)4
Avg Revenue beat(4)2.22%
Min Revenue beat(4)0.88%
Max Revenue beat(4)3.55%
Revenue beat(8)7
Avg Revenue beat(8)0.67%
Revenue beat(12)7
Avg Revenue beat(12)-0.46%
Revenue beat(16)8
Avg Revenue beat(16)-0.45%
PT rev (1m)5.04%
PT rev (3m)5.04%
EPS NQ rev (1m)6.41%
EPS NQ rev (3m)7.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.52%
Revenue NQ rev (1m)2.42%
Revenue NQ rev (3m)3.16%
Revenue NY rev (1m)2.85%
Revenue NY rev (3m)5.23%
Valuation
Industry RankSector Rank
PE 21.4
Fwd PE 19.98
P/S 4.74
P/FCF 21.26
P/OCF 16.22
P/B 6.51
P/tB 7.24
EV/EBITDA 14.63
EPS(TTM)0.9
EY4.67%
EPS(NY)0.96
Fwd EY5.01%
FCF(TTM)0.91
FCFY4.7%
OCF(TTM)1.19
OCFY6.16%
SpS4.06
BVpS2.96
TBVpS2.66
PEG (NY)3.01
PEG (5Y)1.44
Graham Number7.74
Profitability
Industry RankSector Rank
ROA 6.69%
ROE 19.92%
ROCE 9.56%
ROIC 7.97%
ROICexc 33.42%
ROICexgc 40.8%
OM 16.33%
PM (TTM) 14.5%
GM 79.34%
FCFM 22.29%
ROA(3y)9.51%
ROA(5y)13.08%
ROE(3y)20.26%
ROE(5y)26.42%
ROIC(3y)10.44%
ROIC(5y)11.8%
ROICexc(3y)30.8%
ROICexc(5y)33.39%
ROICexgc(3y)33.64%
ROICexgc(5y)35.3%
ROCE(3y)12.53%
ROCE(5y)14.16%
ROICexgc growth 3Y-3.34%
ROICexgc growth 5Y-9.09%
ROICexc growth 3Y-9.16%
ROICexc growth 5Y-11%
OM growth 3Y-5.03%
OM growth 5Y15.63%
PM growth 3Y-4.66%
PM growth 5Y12.94%
GM growth 3Y-0.17%
GM growth 5Y0.4%
F-Score5
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 1.03
Debt/FCF 3.38
Debt/EBITDA 3.51
Cap/Depr 135.46%
Cap/Sales 6.93%
Interest Coverage 250
Cash Conversion 136.26%
Profit Quality 153.7%
Current Ratio 3.56
Quick Ratio 3.43
Altman-Z 3.18
F-Score5
WACC10.83%
ROIC/WACC0.74
Cap/Depr(3y)120.23%
Cap/Depr(5y)113.01%
Cap/Sales(3y)5.31%
Cap/Sales(5y)4.37%
Profit Quality(3y)131.27%
Profit Quality(5y)111.82%
High Growth Momentum
Growth
EPS 1Y (TTM)3.45%
EPS 3Y8.23%
EPS 5Y14.87%
EPS Q2Q%-16.13%
EPS Next Y7.12%
EPS Next 2Y9.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.03%
Revenue growth 3Y1.21%
Revenue growth 5Y5.2%
Sales Q2Q%8.29%
Revenue Next Year11.18%
Revenue Next 2Y10.1%
Revenue Next 3Y6.72%
Revenue Next 5Y9.04%
EBIT growth 1Y9.99%
EBIT growth 3Y-3.89%
EBIT growth 5Y21.64%
EBIT Next Year38.4%
EBIT Next 3Y23.4%
EBIT Next 5Y23.34%
FCF growth 1Y-17.2%
FCF growth 3Y5.41%
FCF growth 5Y4.6%
OCF growth 1Y-6.19%
OCF growth 3Y8.7%
OCF growth 5Y8.95%

A10 NETWORKS INC / ATEN FAQ

What is the ChartMill fundamental rating of A10 NETWORKS INC (ATEN) stock?

ChartMill assigns a fundamental rating of 6 / 10 to ATEN.


What is the valuation status of A10 NETWORKS INC (ATEN) stock?

ChartMill assigns a valuation rating of 5 / 10 to A10 NETWORKS INC (ATEN). This can be considered as Fairly Valued.


What is the profitability of ATEN stock?

A10 NETWORKS INC (ATEN) has a profitability rating of 7 / 10.


Can you provide the expected EPS growth for ATEN stock?

The Earnings per Share (EPS) of A10 NETWORKS INC (ATEN) is expected to grow by 7.12% in the next year.


Is the dividend of A10 NETWORKS INC sustainable?

The dividend rating of A10 NETWORKS INC (ATEN) is 4 / 10 and the dividend payout ratio is 41.22%.