# A10 Networks share price today (A10 Networks, Inc., ATEN)

> A10 Networks, Inc.'s share price has risen faster than its earnings: +36.2% in a year, against −14.9% for earnings per share. ATEN · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/aten

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $24.30 (+36.2% in a year)
- P/E: 41.9× (higher than 89% of the last 4.6 years)
- Revenue (Jun 2026): $80.1 M (+15.5% on a year ago)
- Profit (Jun 2026): $8.9 M (−15.7% on a year ago)
- Operating margin: 11.3% (−3.6 points on a year ago)
- ROE: 20%, FY25
- ROIC: 44.2%, against a 9.5% cost of capital: +34.7 points

The main question: the share price moved +36.2% in a year while yearly earnings per share moved −14.9%. The difference came from the market paying a higher multiple. ## What is the A10 Networks share price today? A10 Networks, Inc.'s share price was $24.30 at the close on 3 November 2026. It has been moving sideways for 4 weeks. That is 8.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $17 and $37, and at that close it sat 37% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 14 weeks running. Over the last 10 years the share price moved +251% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 31 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does A10 Networks pay? A10 Networks, Inc. paid $0.24 per share over the last four reported quarters. The most recent declaration was $0.06 for Jun 2026. At today's price of $24.30 that is a yield of 0.99%, based on dividends already paid, not a forecast. ## Which stock lists is A10 Networks on? A10 Networks is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is A10 Networks profitable? A10 Networks, Inc. earned $8.9 M of net profit in the Jun 2026 quarter, −15.7% on the same quarter a year earlier. Full-year FY25 profit was $42.1 M. Over 4 years profit has grown −18.4% a year on average. That is 11.1% of the quarter's revenue. The same quarter a year earlier earned $10.5 M. For the full year, FY25 profit was $42.1 M (−16.0% on the year before). Why profit moved: revenue changed +15.5% on a year earlier and the margin moved −3.6 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −9.8% and revenue +12.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does A10 Networks make, and is it growing? A10 Networks, Inc. reported $80.1 M of revenue in the Jun 2026 quarter, +15.5% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 4 years it has grown 3.8% a year on average. The last full year, FY25, came in at $291 M. The last four reported quarters add to $310 M. FY25 revenue was $291 M, +11.0% on the year before. Recent pace: the last four quarters grew +12.3% on average, against 3.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.2%, against +11.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −15.8%, against −0.7% a year (rolling over). ## How much of every $100 of sales does A10 Networks keep? A10 Networks, Inc.'s operating margin was 11.3% in the Jun 2026 quarter, 3.6 percentage points lower than the same quarter a year ago. Across 5 years it has been between 13.4% and 18.9%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −3.6 percentage points on the year while gross margin changed +0.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is A10 Networks' profit turning into cash? Over the last 3 years, 166% of A10 Networks, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $84.9 M of operating cash against $42.1 M of profit. After $20.1 M of spending on assets, $64.8 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does A10 Networks' cash go? A10 Networks, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $43.3 M on assets over the last 3 years. Averaged over those years that is 5.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $43.3 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is A10 Networks' P/E ratio, and how does it compare with its own history? A10 Networks, Inc.'s P/E is 41.9×, near the high end of its own history: higher than 89% of past readings. Its usual P/E (the middle reading) is 25.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −14.9% while the price moved +36.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +30.5% a year; about +4.1% a year came from earnings growth and about +26.4 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the A10 Networks business getting better or worse? A10 Networks, Inc.'s business is getting worse. Profit and EPS growth are shrinking: profit growth is −15.8% in the latest quarter, against +25.4% at its best in 12 quarters, with ROCE steady at 12.5%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does A10 Networks earn on its capital? A10 Networks, Inc. earned a ROE of 20% in FY25. Its return on capital used (ROIC) is 34.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 14.5% net margin and 0.46× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 14.5% net margin × 0.46× asset turnover × 2.98× leverage (assets divided by equity) ≈ 19.9% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 44.2% − 9.5% = +34.7 percentage points. The 9.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 44.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 69.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does A10 Networks have too much debt? A10 Networks, Inc. has total debt of $226 M against shareholder equity of $238 M as of Jun 2026, so its debt is 0.95× its equity. Year by year, that ratio went from 0.11 in FY21 to 1.08 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the A10 Networks shareholding pattern? 13.5% of A10 Networks, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 8.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is A10 Networks from balance-sheet trouble? For A10 Networks, Inc., the Z-score is 2.84. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 2.84 is in the grey area, neither clearly safe nor clearly in trouble. ## How does A10 Networks rank in its industry? There is no score against its industry: A10 Networks, Inc. is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is A10 Networks compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to A10 Networks in size? A10 Networks is the 72nd largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Marqeta, Inc., Nayax and Progress Software Corporation. Just below it: StoneCo, NextNav Inc. and Pagaya Technologies. ### Software - Infrastructure companies close in size

1. [Marqeta, Inc.](https://www.sectoralpha.in/us/stocks/mq) $1.9 billion
2. [Nayax Ltd.](https://www.sectoralpha.in/us/stocks/nyax) $1.8 billion
3. [Progress Software Corporation](https://www.sectoralpha.in/us/stocks/prgs) $1.8 billion
4. A10 Networks, Inc. $1.8 billion
5. [StoneCo Ltd.](https://www.sectoralpha.in/us/stocks/stne) $1.7 billion
6. [NextNav Inc.](https://www.sectoralpha.in/us/stocks/nn) $1.7 billion
7. [Pagaya Technologies Ltd.](https://www.sectoralpha.in/us/stocks/pgy) $1.5 billion

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [TriCo Bancshares](https://www.sectoralpha.in/us/stocks/tcbk) $1.7 billion · Banks - Regional
2. [Frontier Group Holdings, Inc.](https://www.sectoralpha.in/us/stocks/ulcc) $1.7 billion · Airlines
3. A10 Networks, Inc. $1.7 billion
4. [Hope Bancorp, Inc.](https://www.sectoralpha.in/us/stocks/hope) $1.7 billion · Banks - Regional
5. [American Assets Trust, Inc.](https://www.sectoralpha.in/us/stocks/aat) $1.7 billion · REIT - Diversified

## What else do people ask about A10 Networks? ### What were A10 Networks's latest quarterly results? A10 Networks, Inc. reported revenue of $80.1 M and net profit of $8.9 M for the Jun 2026 quarter. Revenue rose 15.5% and profit fell 15.7% compared with a year earlier. Earnings per share were $0.12. The operating margin was 11.3%, 3.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is A10 Networks's market cap? A10 Networks, Inc.'s market capitalisation is $1.8 B at a stock price of $24.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is A10 Networks performing? A10 Networks, Inc.'s share price has been moving sideways for 4 weeks. In its latest quarter, revenue rose 15.5% and profit fell 15.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 14 weeks running (as of 3 November 2026). ### Will A10 Networks's stock price go up? This page does not forecast A10 Networks, Inc.'s stock price. What it shows instead: the stock price is $24.30, and it has been moving sideways for 4 weeks. Its P/E of 41.9× is higher than 89% of its own last 5 years (as of 3 November 2026). ### Where is A10 Networks in its business cycle? A10 Networks, Inc.'s FY25 operating margin was 16.3%, against a 5-year range of 13.4% to 18.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the A10 Networks story? The main question: the share price moved +36.2% in a year while yearly earnings per share moved −14.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is A10 Networks a stock worth studying right now? What the numbers show: A10 Networks, Inc.'s share price has risen faster than its earnings: +36.2% in a year, against −14.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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