A10 Networks (NYSE:ATEN) Issues Quarterly Earnings Results

A10 Networks (NYSE:ATEN) released its quarterly earnings data on Wednesday. The communications equipment provider reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26, FiscalAI reports. A10 Networks had a return on equity of 25.87% and a net margin of 17.78%.A10 Networks’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. A10 Networks updated its FY 2026 guidance to 0.640-0.650 EPS.

Here are the key takeaways from A10 Networks’ conference call:

• A10 reported record quarterly and full-year results, with $80.4 million in Q4 revenue and $290.6 million for FY2025, driven by strong growth in the Americas.
• Profitability and cash metrics strengthened—record adjusted EBITDA of $86 million (29.6% of revenue), non?GAAP gross margin ~80.6–80.8%, Q4 free cash flow of $16 million, and $378 million in cash plus ongoing buybacks and a quarterly dividend.
• The company hit its target for security-led revenue (?65% of Q4 and 72% for the year) and says its portfolio is well positioned for AI infrastructure needs (high throughput, low latency, encrypted-traffic management).
• Management guided 2026 for continued top- and bottom-line growth—revenue growth of 10%–12%, gross margins in the 80%–82% range, expanding EBITDA margins, and EPS growth outpacing revenue.
• Risks include regional weakness in APJ (notably Japan) and supply-chain pressures (memory/components, tariffs); management expects to mitigate impacts but said these factors could weigh on visibility.

A10 Networks Price Performance

Shares of ATEN stock traded up $0.22 during trading hours on Wednesday, hitting $17.49. 774,520 shares of the company’s stock were exchanged, compared to its average volume of 606,505. A10 Networks has a fifty-two week low of $13.81 and a fifty-two week high of $21.90. The firm has a market cap of $1.25 billion, a P/E ratio of 25.72 and a beta of 1.23. The company has a quick ratio of 3.49, a current ratio of 3.64 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $17.68 and a two-hundred day moving average of $17.73.

Institutional Investors Weigh In On A10 Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATEN. Royal Bank of Canada lifted its holdings in A10 Networks by 131.3% during the first quarter. Royal Bank of Canada now owns 213,118 shares of the communications equipment provider’s stock valued at $3,482,000 after purchasing an additional 120,966 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in A10 Networks by 6.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 835,252 shares of the communications equipment provider’s stock valued at $13,648,000 after buying an additional 51,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in A10 Networks by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,658 shares of the communications equipment provider’s stock valued at $3,311,000 after buying an additional 11,268 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of A10 Networks by 120.0% during the first quarter. Jane Street Group LLC now owns 173,493 shares of the communications equipment provider’s stock valued at $2,835,000 after acquiring an additional 94,641 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in shares of A10 Networks by 81.7% during the first quarter. Intech Investment Management LLC now owns 73,995 shares of the communications equipment provider’s stock valued at $1,209,000 after acquiring an additional 33,262 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Ratings Changes

ATEN has been the subject of several recent research reports. Wall Street Zen cut A10 Networks from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of A10 Networks in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

A10 Networks Company Profile

A10 Networks, Inc (NYSE: ATEN), headquartered in San Jose, California, designs and sells networking and security solutions that accelerate application performance and protect data across on-premises, cloud and hybrid environments. Founded in 2004, the company’s offerings target enterprises, service providers and cloud operators seeking high availability, secure access and optimized traffic delivery for critical applications.

The company’s core portfolio includes application delivery controllers (ADCs) for load balancing and traffic management, advanced distributed denial-of-service (DDoS) protection appliances, SSL inspection solutions and carrier-grade NAT (CGNAT) platforms.