A10 Networks, Inc.(ATEN)Stock Analysis
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Rank #543 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
ATEN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for A10 Networks, Inc. (ATEN), a Technology sector company. 13F Pro's AI-powered ranking engine scores ATEN at 66.1/100 on a 32-signal composite quality model, placing it at rank #543 of 2,879 stocks — the top 25% of the AI-ranked universe. ATEN scores in the top quartile across institutional flow (95.1), profitability (82.6), balance sheet strength (79.7). Areas of concern include revenue scale (28.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 21.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), A10 Networks, Inc. reports quarterly revenue of $75.0M, net income of $12.0M, an operating margin of 17.3%. Top institutional holders of ATEN by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ATEN trades on the NYSE exchange and files with the SEC under CIK 1580808. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ATEN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for A10 Networks, Inc. directly from SEC EDGAR. A10 Networks, Inc.'s 13F Pro composite quality score has ranged between 8 and 69 since 2021, currently 66.1 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$75.0M
Net Income
Q1 2026
$12.0M
Free Cash Flow
Q1 2026
$-689.0K
Operating Margin
Q1 2026
17.3%
D/E Ratio
Q1 2026
0.99
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+11.0% YoYNet Income
-16.0% YoYOperating Income
+7.2% YoYEPS (Diluted)
-14.9% YoYTotal Assets
+45.5% YoYTotal Debt
Op. Cash Flow
-6.2% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $290.6M +11.0% | $261.7M +4.0% | $251.7M -10.2% | $280.3M +12.1% | $250.0M +10.9% | $225.5M |
| Net Income | $42.1M -16.0% | $50.1M +25.4% | $40.0M -14.8% | $46.9M -50.6% | $94.9M +432.6% | $17.8M |
| Operating Income | $47.1M +7.2% | $44.0M +13.8% | $38.6M -27.2% | $53.1M +59.0% | $33.4M +88.3% | $17.7M |
| EPS (Diluted) | $0.57 -14.9% | $0.67 +26.4% | $0.53 -11.7% | $0.60 -49.6% | $1.19 +440.9% | $0.22 |
| Total Assets | $629.8M +45.5% | $432.8M +11.0% | $389.8M +5.6% | $369.1M -6.1% | $393.1M +35.2% | $290.8M |
| Total Debt | $218.8M | $0.00 | — | — | — | — |
| Operating Cash Flow | $84.9M -6.2% | $90.5M +103.3% | $44.5M -32.7% | $66.1M +31.9% | $50.1M -9.4% | $55.3M |
AI Insight: ATEN Financial Trends
Revenue growth momentum stalled with Q1 2026 showing sequential decline and operating cash flow collapsing to just $2M.
• Revenue grew from $55M in Q2 2024 to $80M in Q4 2025 before declining to $75M in Q1 2026.
• Operating income strengthened from $6M in Q2 2024 to $15M in Q4 2025.
• Company took on $218M in debt starting Q1 2025 while equity declined from $232M to $196M.
⚠ Operating cash flow plummeted from $23M in Q4 2025 to just $2M in Q1 2026.
⚠ Sequential revenue decline in Q1 2026 breaks multi-quarter growth trajectory established through 2024-2025.
AI Insight: ATEN Ratio Trends
ATEN's profitability peaked in Q4 2024 with 24.8% operating margin but has since stabilized in the mid-to-high teens while leverage steadily declined.
• Operating margin surged from 11.6% in Q2 2024 to 24.8% in Q4 2024 before moderating to 17.3% in Q1 2026.
• ROIC expanded dramatically from 11.8% in Q2 2024 to 31.7% in Q4 2024, then settled around 12-14% through Q1 2026.
• Debt-to-equity ratio declined consistently from 1.11 in Q1 2025 to 0.99 in Q1 2026, strengthening balance sheet leverage.
⚠ ROA dropped from 16.9% in Q4 2024 to 6-8% range in recent quarters, suggesting asset efficiency deterioration.
⚠ Net profit margin volatility with Q4 2025 showing only 12.3% versus 24.7% peak in Q4 2024.
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Available Research
13F Pro tracks comprehensive data for A10 Networks, Inc. including:
Top Institutional Holders of ATEN
BlackRock, Inc.
$302.6M13,088,277 shVANGUARD PORTFOLIO MANAGEMENT LLC
$78.3M3,387,848 shVANGUARD CAPITAL MANAGEMENT LLC
$72.2M3,121,015 shSTATE STREET CORP
$71.4M3,090,185 shBoston Trust Walden Corp
$50.2M2,173,261 shWELLINGTON MANAGEMENT GROUP LLP
$48.0M2,074,511 shBARCLAYS PLC
$43.3M1,874,502 shRENAISSANCE TECHNOLOGIES LLC
$41.3M1,784,987 shFIRST TRUST ADVISORS LP
$39.8M1,719,817 shGEODE CAPITAL MANAGEMENT, LLC
$39.7M1,717,406 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $302.6M | 13,088,277 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $78.3M | 3,387,848 |
| VANGUARD CAPITAL MANAGEMENT LLC | $72.2M | 3,121,015 |
| STATE STREET CORP | $71.4M | 3,090,185 |
| Boston Trust Walden Corp | $50.2M | 2,173,261 |
| WELLINGTON MANAGEMENT GROUP LLP | $48.0M | 2,074,511 |
| BARCLAYS PLC | $43.3M | 1,874,502 |
| RENAISSANCE TECHNOLOGIES LLC | $41.3M | 1,784,987 |
| FIRST TRUST ADVISORS LP | $39.8M | 1,719,817 |
| GEODE CAPITAL MANAGEMENT, LLC | $39.7M | 1,717,406 |
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Popular Research
Is ATEN a good stock to buy?
13F Pro's AI-powered analysis of A10 Networks, Inc. (ATEN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ATEN are available on the ATEN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ATEN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ATEN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of A10 Networks, Inc.'s investment landscape.