A10 Networks, Inc.
A10 Networks, Inc. (ATEN) is listed on NYSE and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in San Jose, United States and has 494 employees. The company is worth $1.78B and trades at 43.1x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $290.56M in fiscal 2025, up 11.0% from the year before. Net income was $42.14M. The share price is 36.2% below its 52-week high of $38.49. It pays a dividend yielding 0.98%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $56.8M. In that quarter, 1 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +58.6% over 5Y.
today you would have $1,405.31▲ +40.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 12 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $17.69 | $18.40 | $13.17 | $16.63 | $16.58 | $9.86 | $6.87 | $6.24 | $7.72 | $8.31 | $6.56 | $4.36 | |
| P/E | 27.6x | 31.0x | 27.5x | 24.8x | 27.7x | 13.9x | 44.8x | — | — | — |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 21.0% a year plus a 1.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 27.6 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FORTYFormula Systems (1985) Ltd | $114.59 | 24.3x | 1.5x | 13.24% | 10.39% | $1.76B |
| AEHRAEHR Test Systems | $55.65 | — | 8.2x | 0.00% | -4.16% | $1.82B |
| WLTHWealthfront Corp | $11.20 | — | 2.7x | 0.00% | -15.50% | $1.75B |
| IQMXIQM Quantum Computers Oyj | $9.23 |
| — |
| — |
| — |
| P/S | 2.9x | 4.4x | 5.2x | 3.9x | 4.4x | 5.0x | 3.4x | 2.5x | 2.0x | 2.4x | 2.5x | 2.1x | 1.5x |
| P/B | 5.7x | 6.0x | 5.9x | 4.7x | 6.8x | 6.0x | 6.5x | 4.9x | 4.5x | 5.6x | 6.9x | 5.4x | 2.8x |
| EPS | $0.57 | $0.67 | $0.53 | $0.60 | $1.19 | $0.22 | -$0.23 | -$0.38 | -$0.15 | -$0.34 | -$0.67 | -$0.74 |
| Dividend yield | 1.30% | 1.36% | 1.30% | 1.82% | 1.26% | 0.30% | — | — | — | — | — | — | — |
| Payout | 35.82% | 42.11% | 35.82% | 45.28% | 35.00% | 4.20% | — | — | — | — | — | — | — |
| Profit margin | 1.67% | 14.50% | 19.16% | 15.88% | 16.73% | 37.95% | 7.90% | -8.38% | -11.89% | -4.57% | -9.85% | -21.34% | -19.34% |
| ROE | 2.22% | 19.92% | 21.63% | 19.23% | 25.91% | 45.42% | 15.36% | -16.38% | -26.58% | -10.93% | -27.06% | -53.57% | -35.96% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-29.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 7.2x |
| 0.00% |
| — |
| $1.75B |
| RUNSunrun Inc. | $7.70 | 5.1x | 0.5x | 0.00% | -19.86% | $1.84B |
| NYAXNayax Ltd. | $45.89 | 218.5x | 7.0x | 0.00% | 3.52% | $1.72B |