Is A10 Networks (ATEN) overvalued or fairly valued?

MarketChacha shows A10 Networks's valuation in context — a trailing P/E of about 58.5, a forward P/E of about 30.2, a price-to-book of about 11.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does A10 Networks's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.66×) from reported figures — education, not a rating.

What is A10 Networks's revenue?

A10 Networks reported revenue of $290.6M for FY2025, with net profit of $42.1M, per official filings.

What is the share price of A10 Networks (ATEN)?

A10 Networks last traded at $35.67 (-2.1% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

A10 Networks

ATEN · NYSE · Technology · United States

$35.67-2.1%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:28 PM

Snapshot

TickerATEN

ExchangeNYSE

SectorTechnology

IndustrySoftware - Infrastructure

CountryUnited States

Employees494

HeadquartersSan Jose, United States

Market cap$2.6B

P/E (TTM)58.5

P/B11.6

Volume456.14K

Websitewww.a10networks.com

Filings tracked5

About A10 Networks

A10 Networks, Inc. provides secure application and network infrastructure solutions in the United States, the rest of Americas, Japan, rest of the Asia Pacific, Europe, the Middle East, and Africa. The company offers security products, such as ThreatX, a web application protection platform; A10 Defend DDoS Detector, a network-wide anomaly detection product; A10 Defend DDoS Orchestrator, a defense, orchestration, and management product; A10 Defend DDoS Mitigator, a mitigation product with automation; A10 Defend Threat Control, an attack SaaS platform; and Defend Next-Gen WAF, an integrated application delivery and web application firewall. It also provides infrastructure products, including A10 Thunder ADC, an application delivery controller and load balancer; A10 Thunder CFW, a consolidated network security platform with stateful firewall, IPsec VPN, CGN, ADC, SSLi, and secure web gateway; A10 Thunder CGN, a NAT, IPv4 preservation and IPv6 migration product; and SSL insight in Thunder CFW, a TLS and SSL decryption for real-time visibility into encryption traffic under the SSLi brand. In addition, the company provides centralized management and analytics comprising A10 Control, a centralized, management, control, and analytics platform for agile operations and automation. It serves telecommunications, technology, financial services, public sector, industrial, retail, gaming, and education industries through distribution channels, distributors, value added resellers, and system integrators. The company was incorporated in 2004 and is headquartered in San Jose, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders1.6%
Institutions98.4%
Public & other0.0%

401 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.18.18%
Penserra Capital Management LLC4.99%
Vanguard Portfolio Management LLC4.71%
Vanguard Capital Management LLC4.33%
State Street Corporation4.29%
Boston Trust Walden Corporation3.02%
Wellington Management Group, LLP2.88%
Barclays Plc2.60%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.66×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend15.9% → 14.5%

Margin has held broadly steady over the period — stable profitability.

Return on equity19.9%

Latest ROE of 19.9% — capital is generating a healthy return.

Growth qualityrev 7% · PAT 3%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $82.8M · EPS 0.27

Est. earnings growth +17.4%

Next fiscal year

Rev $363.3M · EPS 1.18

Est. earnings growth +13.7%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$16.5252-wk range$38.49

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$2.6B

Day change

-2.1%

P/E (TTM)

58.5

Fwd P/E

30.2

P/B

11.6

Div yield

0.66%

Beta

1.14

Revenue (FY2025)

$290.6M

Net margin

14.5%

ROE

19.9%

Revenue CAGR (2y)

+7.4%

Profit CAGR (2y)

+2.7%

EPS (FY2025)

0.57

Net profit (FY2025)

$42.1M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about ATEN

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$290.6M	$42.1M	0.57	14.5%	19.9%
FY2024	$261.7M	$50.1M	0.67	19.2%	21.6%
FY2023	$251.7M	$40.0M	0.53	15.9%	19.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$75.0M	$12.0M	0.17	16.0%
2025Q3	$74.7M	$12.2M	0.17	16.3%
2025Q2	$69.4M	$10.5M	0.14	15.2%
2025Q1	$66.1M	$9.5M	0.13	14.4%
2024Q3	$66.7M	$12.6M	0.17	18.9%
2024Q2	$60.1M	$9.5M	0.13	15.8%
2024Q1	$60.7M	$9.7M	0.13	16.0%
2023Q3	$57.8M	$6.5M	0.09	11.2%
2023Q2	$65.8M	$11.6M	0.15	17.7%
2023Q1	$57.7M	$4.0M	0.05	6.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC5/7/2026
8-K — Executive/director change
SEC5/7/2026material
8-K — Executive/director change
SEC5/1/2026material
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC4/28/2026material
8-K — Shareholder vote results
SEC4/23/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.