A10 Networks, Inc. (ATEN)
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-04
$24.59-0.49%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-09-04
QuarterlyIQ Insights · ATEN
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is still in the top half of its industry but slipped notably this past month — worth watching.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 4.8% |
| Our one-year growth estimate | diamond | 13.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 8.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 68 industry peers · Company calendar date is not available
ATEN — earnings miss
Dated 2026-08-05
Results of Operations and Financial Condition On August 5, 2026, A10 Networks, Inc. (the “Company”) issued a press release regarding financial results for the quarter ended June 30, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.
Why it matters: If it drops below this level, it may show less demand for AI tools.
Worry ifQ3 revenue growth was less than 12% compared to last year.
Less concerning ifQ3 revenue growth meets or exceeds 12% year-over-year.
Why it matters: Keeping the dividend at $0.06 shows A10's commitment to returning capital to shareholders. It reflects financial health.
Supportive ifThe Board confirms the quarterly dividend of $0.06 per share in the next meeting.
Worry ifThe Board reduces or suspends the quarterly dividend.
Why it matters: A drop in gross margin may mean higher costs or pricing pressure. This can hurt profits.
Worry ifGross margin falls below 80% in Q2.
Less concerning ifGross margin remains at or above 80% in Q2.
Why it matters: Less cash flow may show problems in operations and affect plans to return money.
Worry ifOperating cash flow reported below $20 million for Q3.
Less concerning ifOperating cash flow reported above $20 million for Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$152 on $10,000 · ±1.5% | How much price usually moves either way. |
| Bad day | $367 loss on $10,000 · 3.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,548 loss on $10,000 · 35.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Maintaining revenue growth above 12% shows strong demand for A10's products. It confirms the company's growth strategy is working.
Supportive ifQuarterly revenue growth is more than 12% compared to last year.
Worry ifQuarterly revenue growth is less than 12% compared to last year.
Why it matters: Strong growth in AI infrastructure revenue shows A10's strong position in a key market.
Supportive ifAI infrastructure revenue growth is more than 15% compared to last year.
Worry ifAI infrastructure revenue growth is less than 15% compared to last year.
Why it matters: This shows A10's plan to return money to shareholders.
Supportive ifThe Board pays the quarterly dividend of $0.06 per share as scheduled.
Worry ifThe Board cancels or reduces the dividend payment.
Why it matters: Stable leadership builds trust with investors. It also helps focus on operations.
Worry ifNo new executive changes or firings happen in Q2 2026.
Less concerning ifMore executive changes or firings are announced in Q2 2026.
Why it matters: This partnership could lead to big growth in AI infrastructure.
Supportive ifA10 shares news about new updates or expansions with Microsoft.
Worry ifThere are no new updates or bad news about the Microsoft partnership.
Why it matters: A lower EBITDA margin may show higher costs or less profit.
Worry ifAdjusted EBITDA margin was less than 28%.
Less concerning ifAdjusted EBITDA margin is at least 28%.
Why it matters: The Microsoft deal could lead to big sales growth for A10.
Watch forSales from the Microsoft deal add a lot to quarterly revenue.
Also watch forSales from the Microsoft deal do not add much to quarterly revenue.
Why it matters: A change in revenue growth guidance shows management's trust in future results.
Supportive ifManagement raises full-year revenue growth guidance to more than 14%.
Worry ifManagement lowers full-year revenue growth guidance to less than 12%.
Why it matters: Changes in cash flow can show financial health and ability to invest or return money.
Watch forOperating cash flow exceeds $30 million in Q3 2026.
Also watch forOperating cash flow drops below $20 million in Q3 2026.