A10 Networks, Inc. (ATEN)

NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-11-04

$23.81-2.02%

Close 2026-11-04 · 1-day change

Investment OutlookAs of Nov 4, 2026

What could strengthen or challenge A10 Networks, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

0.0%

+10% or more+5%0%−5%−10% or less

1.18 → 1.18 EPS · FY ending Dec 31, 2027 · 3 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 3; this is not the number of analysts revising. The ±10% axis is a display range.

Price, analyst earnings & P/E reference

The EPS and P/E reference is not available for ATEN yet.

Measure / period	Management expectations	Analyst expectations

Management figures unavailable.

Current consensus figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain quarterly dividend of $0.06 per share	The company pays a steady dividend of $0.06 per share.	Intact	Dividend falls below $0.06 per share quarterly	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Stable executive leadership	Leadership is stable despite recent changes.	Intact	Major executive departures or instability occur	0 major executive departures vs 0 allowed Director transition noted as routine governance; no major executive departures or instability reported in recent news or filings. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Gross margin near 80-82%	A primary condition in A10 Networks, Inc.'s published investment case. The stated target is 80-82%.	Broken	Gross margin falls below 80% in FY26	Gross margin: 79.09% FY2026-Q2; GAAP. Published target: 80-82%. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202679.090807 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Full-year revenue growth of at least 10%	A primary condition in A10 Networks, Inc.'s published investment case. The stated target is >=10% YoY.	Intact	YoY revenue growth falls below 10% in FY26	Revenue growth: 15.5% FY2026-Q2; GAAP. Published target: >=10% YoY. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 202615.499474 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated in 3 of 3 supplied quarters. Management reported: “Outlook Management is updating their previous guidance to the following based on first-half performance and demand outlook: • Full-year revenue growth of 12-14% over the prior year, an increase from previous guidance of 10-12% growth.” ““A10 continued to solidify its strategic position as a leader in security-focused next-generation networking solutions supporting AI-related infrastructure, driving another quarter of double-digit revenue growth and sustained cash generation,” said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks.” Revenue was $80.137 million in 2026-Q2. Delivery assessment Nov 4, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$1.18

$1.18 → $1.18 · observed estimates

FY2027 revenue$0.37B

$0.36B → $0.37B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.18	$363,282,500	5 / 6
2026-07-25	$1.18	$363,282,500	5 / 6
2026-07-26	$1.18	$363,282,500	5 / 6
2026-07-27	$1.18	$363,282,500	5 / 6
2026-07-28	$1.18	$363,282,500	5 / 6
2026-07-29	$1.18	$363,282,500	5 / 6
2026-07-30	$1.18	$363,282,500	5 / 6
2026-07-31	$1.18	$363,282,500	5 / 6
2026-08-01	$1.18	$363,282,500	5 / 6
2026-08-02	$1.18	$363,282,500	5 / 6
2026-08-03	$1.18	$363,282,500	5 / 6
2026-08-04	$1.18	$363,282,500	5 / 6
2026-08-05	$1.18	$363,282,500	5 / 6
2026-08-06	$1.18	$363,282,500	5 / 6
2026-08-07	$1.18	$365,416,750	3 / 5
2026-08-08	$1.18	$366,249,000	6 / 6
2026-08-09	$1.18	$366,249,000	6 / 6
2026-08-10	$1.18	$366,249,000	6 / 6
2026-08-11	$1.18	$366,249,000	6 / 6
2026-08-12	$1.19	$367,265,670	6 / 6
2026-08-13	$1.19	$367,265,670	6 / 6
2026-08-14	$1.18	$365,416,750	3 / 5
2026-08-15	$1.18	$365,416,750	3 / 5
2026-08-16	$1.18	$365,416,750	3 / 5
2026-08-17	$1.18	$365,416,750	3 / 5
2026-08-18	$1.18	$365,416,750	3 / 5
2026-08-19	$1.18	$365,416,750	3 / 5
2026-08-20	$1.18	$365,416,750	3 / 5
2026-08-21	$1.19	$367,924,167	3 / 5
2026-08-22	$1.19	$367,924,167	3 / 5
2026-08-23	$1.19	$367,924,167	3 / 5
2026-08-24	$1.19	$367,924,167	3 / 5
2026-08-25	$1.19	$367,924,167	3 / 5
2026-08-26	$1.19	$367,924,167	3 / 5
2026-08-27	$1.19	$367,924,167	3 / 5
2026-08-28	$1.19	$367,924,167	3 / 5
2026-08-29	$1.19	$367,924,167	3 / 5
2026-08-30	$1.19	$367,924,167	3 / 5
2026-08-31	$1.19	$367,924,167	3 / 5
2026-09-01	$1.19	$367,924,167	3 / 5
2026-09-02	$1.19	$367,606,429	3 / 5
2026-09-03	$1.19	$367,606,429	4 / 5
2026-09-04	$1.19	$367,606,429	4 / 6
2026-09-05	$1.19	$367,606,429	4 / 6
2026-09-06	$1.19	$367,606,429	4 / 6
2026-09-07	$1.19	$367,606,429	4 / 6
2026-09-08	$1.19	$367,606,429	4 / 6
2026-09-09	$1.19	$367,606,429	4 / 6
2026-09-10	$1.19	$367,606,429	4 / 6
2026-09-11	$1.19	$367,606,429	4 / 6
2026-09-12	$1.19	$367,606,429	4 / 6
2026-09-13	$1.19	$367,606,429	4 / 6
2026-09-14	$1.19	$367,606,429	4 / 6
2026-09-15	$1.19	$367,606,429	4 / 6
2026-09-16	$1.19	$367,606,429	4 / 6
2026-09-17	$1.19	$367,606,429	4 / 6
2026-09-18	$1.19	$367,606,429	4 / 6
2026-09-19	$1.19	$367,606,429	4 / 6
2026-09-20	$1.19	$367,606,429	4 / 6
2026-09-21	$1.19	$367,606,429	4 / 6
2026-09-22	$1.19	$367,606,429	4 / 6
2026-09-23	$1.19	$367,606,429	4 / 6
2026-09-24	$1.19	$367,606,429	4 / 6
2026-09-25	$1.19	$367,606,429	4 / 6
2026-09-26	$1.19	$367,606,429	4 / 6
2026-09-27	$1.18	$367,178,000	4 / 5
2026-09-28	$1.18	$367,178,000	4 / 5
2026-09-29	$1.18	$367,178,000	4 / 5
2026-09-30	$1.18	$367,178,000	3 / 5
2026-10-01	$1.18	$367,178,000	3 / 5
2026-10-02	$1.18	$367,178,000	3 / 5
2026-10-03	$1.18	$367,178,000	3 / 5
2026-10-04	$1.18	$367,178,000	3 / 5
2026-10-05	$1.18	$367,178,000	3 / 5
2026-10-06	$1.18	$367,178,000	3 / 5
2026-10-07	$1.18	$367,178,000	3 / 5
2026-10-08	$1.18	$367,178,000	3 / 5
2026-10-09	$1.18	$367,178,000	3 / 5
2026-10-10	$1.18	$367,178,000	3 / 5
2026-10-11	$1.18	$367,178,000	3 / 5
2026-10-12	$1.18	$367,178,000	3 / 5
2026-10-13	$1.18	$367,178,000	3 / 5
2026-10-14	$1.18	$367,178,000	3 / 5
2026-10-15	$1.18	$367,178,000	3 / 5
2026-10-16	$1.18	$367,178,000	3 / 5
2026-10-17	$1.18	$367,178,000	3 / 5
2026-10-18	$1.18	$367,171,383	3 / 5
2026-10-19	$1.18	$367,171,383	3 / 5
2026-10-20	$1.18	$367,171,383	3 / 5
2026-10-21	$1.18	$367,171,383	3 / 5
2026-10-22	$1.18	$367,171,383	3 / 5
2026-10-23	$1.18	$367,171,383	3 / 5
2026-10-24	$1.18	$367,171,383	3 / 5
2026-10-25	$1.18	$367,171,383	3 / 5
2026-10-26	$1.18	$367,171,383	3 / 5
2026-10-27	$1.18	$367,171,383	3 / 5
2026-10-28	$1.18	$367,171,383	3 / 5
2026-10-29	$1.18	$367,171,383	3 / 5
2026-10-30	$1.18	$367,171,383	3 / 5
2026-10-31	$1.18	$367,171,383	3 / 5
2026-11-01	$1.18	$367,171,383	3 / 5
2026-11-02	$1.18	$367,171,383	3 / 5
2026-11-03	$1.18	$367,171,383	3 / 5
2026-11-04	$1.18	$367,171,383	3 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-06-01	4	2
2026-07-01	4	2
2026-08-01	4	3
2026-09-01	4	3
2026-10-01	4	2
2026-11-01	4	2

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 2 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Oct 6–Nov 4 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain quarterly dividend of $0.06 per shareDirect metric needs a verified mapping
Gross margin near 80-82%Published status: Broken
Full-year revenue growth of at least 10%Revenue growth: 15.5%

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.9%Typical daily move · historical

Downside history

-38.3%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

A10 Networks, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 31, 2026

What kind of bet this is

ATEN is a growth-oriented technology business with exposure to AI infrastructure and next-generation networking. Its long-term thesis is intact, though the signal has recently shifted from mildly favorable to mixed after an earnings miss. Confidence in the evidence is medium.

What's priced into A10 Networks, Inc.

Valuation evidence is mixed: one measure calls ATEN cheap versus peers, while another shows a 59% premium to peers and flags the setup as stretched. The expectations gap is 0.25, but the snapshot does not define its scale, so it is hard to say exactly how much future execution is already assumed. Expensive valuation and weak execution quality add to the concern.

What the fundamentals likely do

Near-term revenue momentum is solid: first-half revenue rose 14.5% year over year, and second-quarter revenue rose 15.5%. Management raised full-year growth guidance to 12% to 14%, and AI infrastructure demand, the TrojAI acquisition, and a multi-year Microsoft agreement support its expansion plans. Still, the recent quarter was an earnings miss, and fragile earnings quality and volatile management make execution risk elevated.

What A10 Networks, Inc. hinges on

The main company-specific swing factor is whether ATEN delivers on raised guidance; reversing course with a cut could damage management credibility. Near-term conditions could also improve if the Fed cuts rates or major technology companies stabilize, though these are sector tailwinds rather than proof of stronger company execution.

Bottom line

Over the next 1 to 3 years, the thesis rests on sustaining revenue growth and turning AI-networking demand into dependable execution. Growth evidence is encouraging, but the earnings miss, elevated risk, and stretched valuation keep the setup mixed. Not investment advice.

Development preview · refreshed Nov 5, 2026Open Living FV detail

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$1.18

$1.18 → $1.18 · observed estimates

FY2027 revenue$0.37B

$0.36B → $0.37B · observed estimates

Exact estimates & source dates

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.18	$363,282,500	5 / 6
2026-07-25	$1.18	$363,282,500	5 / 6
2026-07-26	$1.18	$363,282,500	5 / 6
2026-07-27	$1.18	$363,282,500	5 / 6
2026-07-28	$1.18	$363,282,500	5 / 6
2026-07-29	$1.18	$363,282,500	5 / 6
2026-07-30	$1.18	$363,282,500	5 / 6
2026-07-31	$1.18	$363,282,500	5 / 6
2026-08-01	$1.18	$363,282,500	5 / 6
2026-08-02	$1.18	$363,282,500	5 / 6
2026-08-03	$1.18	$363,282,500	5 / 6
2026-08-04	$1.18	$363,282,500	5 / 6
2026-08-05	$1.18	$363,282,500	5 / 6
2026-08-06	$1.18	$363,282,500	5 / 6
2026-08-07	$1.18	$365,416,750	3 / 5
2026-08-08	$1.18	$366,249,000	6 / 6
2026-08-09	$1.18	$366,249,000	6 / 6
2026-08-10	$1.18	$366,249,000	6 / 6
2026-08-11	$1.18	$366,249,000	6 / 6
2026-08-12	$1.19	$367,265,670	6 / 6
2026-08-13	$1.19	$367,265,670	6 / 6
2026-08-14	$1.18	$365,416,750	3 / 5
2026-08-15	$1.18	$365,416,750	3 / 5
2026-08-16	$1.18	$365,416,750	3 / 5
2026-08-17	$1.18	$365,416,750	3 / 5
2026-08-18	$1.18	$365,416,750	3 / 5
2026-08-19	$1.18	$365,416,750	3 / 5
2026-08-20	$1.18	$365,416,750	3 / 5
2026-08-21	$1.19	$367,924,167	3 / 5
2026-08-22	$1.19	$367,924,167	3 / 5
2026-08-23	$1.19	$367,924,167	3 / 5
2026-08-24	$1.19	$367,924,167	3 / 5
2026-08-25	$1.19	$367,924,167	3 / 5
2026-08-26	$1.19	$367,924,167	3 / 5
2026-08-27	$1.19	$367,924,167	3 / 5
2026-08-28	$1.19	$367,924,167	3 / 5
2026-08-29	$1.19	$367,924,167	3 / 5
2026-08-30	$1.19	$367,924,167	3 / 5
2026-08-31	$1.19	$367,924,167	3 / 5
2026-09-01	$1.19	$367,924,167	3 / 5
2026-09-02	$1.19	$367,606,429	3 / 5
2026-09-03	$1.19	$367,606,429	4 / 5
2026-09-04	$1.19	$367,606,429	4 / 6
2026-09-05	$1.19	$367,606,429	4 / 6
2026-09-06	$1.19	$367,606,429	4 / 6
2026-09-07	$1.19	$367,606,429	4 / 6
2026-09-08	$1.19	$367,606,429	4 / 6
2026-09-09	$1.19	$367,606,429	4 / 6
2026-09-10	$1.19	$367,606,429	4 / 6
2026-09-11	$1.19	$367,606,429	4 / 6
2026-09-12	$1.19	$367,606,429	4 / 6
2026-09-13	$1.19	$367,606,429	4 / 6
2026-09-14	$1.19	$367,606,429	4 / 6
2026-09-15	$1.19	$367,606,429	4 / 6
2026-09-16	$1.19	$367,606,429	4 / 6
2026-09-17	$1.19	$367,606,429	4 / 6
2026-09-18	$1.19	$367,606,429	4 / 6
2026-09-19	$1.19	$367,606,429	4 / 6
2026-09-20	$1.19	$367,606,429	4 / 6
2026-09-21	$1.19	$367,606,429	4 / 6
2026-09-22	$1.19	$367,606,429	4 / 6
2026-09-23	$1.19	$367,606,429	4 / 6
2026-09-24	$1.19	$367,606,429	4 / 6
2026-09-25	$1.19	$367,606,429	4 / 6
2026-09-26	$1.19	$367,606,429	4 / 6
2026-09-27	$1.18	$367,178,000	4 / 5
2026-09-28	$1.18	$367,178,000	4 / 5
2026-09-29	$1.18	$367,178,000	4 / 5
2026-09-30	$1.18	$367,178,000	3 / 5
2026-10-01	$1.18	$367,178,000	3 / 5
2026-10-02	$1.18	$367,178,000	3 / 5
2026-10-03	$1.18	$367,178,000	3 / 5
2026-10-04	$1.18	$367,178,000	3 / 5
2026-10-05	$1.18	$367,178,000	3 / 5
2026-10-06	$1.18	$367,178,000	3 / 5
2026-10-07	$1.18	$367,178,000	3 / 5
2026-10-08	$1.18	$367,178,000	3 / 5
2026-10-09	$1.18	$367,178,000	3 / 5
2026-10-10	$1.18	$367,178,000	3 / 5
2026-10-11	$1.18	$367,178,000	3 / 5
2026-10-12	$1.18	$367,178,000	3 / 5
2026-10-13	$1.18	$367,178,000	3 / 5
2026-10-14	$1.18	$367,178,000	3 / 5
2026-10-15	$1.18	$367,178,000	3 / 5
2026-10-16	$1.18	$367,178,000	3 / 5
2026-10-17	$1.18	$367,178,000	3 / 5
2026-10-18	$1.18	$367,171,383	3 / 5
2026-10-19	$1.18	$367,171,383	3 / 5
2026-10-20	$1.18	$367,171,383	3 / 5
2026-10-21	$1.18	$367,171,383	3 / 5
2026-10-22	$1.18	$367,171,383	3 / 5
2026-10-23	$1.18	$367,171,383	3 / 5
2026-10-24	$1.18	$367,171,383	3 / 5
2026-10-25	$1.18	$367,171,383	3 / 5
2026-10-26	$1.18	$367,171,383	3 / 5
2026-10-27	$1.18	$367,171,383	3 / 5
2026-10-28	$1.18	$367,171,383	3 / 5
2026-10-29	$1.18	$367,171,383	3 / 5
2026-10-30	$1.18	$367,171,383	3 / 5
2026-10-31	$1.18	$367,171,383	3 / 5
2026-11-01	$1.18	$367,171,383	3 / 5
2026-11-02	$1.18	$367,171,383	3 / 5
2026-11-03	$1.18	$367,171,383	3 / 5
2026-11-04	$1.18	$367,171,383	3 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings