Oct. 30 at 5:42 PM
$ATEN Can you say under the radar? A10 Networks is underpriced compared to the broader Nasdaq, where the average PE for tech stocks is currently in the mid 30s. Trailing PE around 26, forward multiple of 19 and solid fundamentals. ATENs healthy top line growth, strong margins, ample cash of around
$368 million compared to lthe lesser LT debt around
$23O million could be one to watch.
$MSFT selecting A10 Networks for AI infrastructure security over the summer is pretty big news but seems to have flown under the radar which could make this an opportune time for investors to take notice. This deal positions ATEN to play a meaningful role in protecting mission critical AI infrastructure which could drive both growth, increasing penetration into new markets and market recognition. Overall I see this as a company with solid upside potential and reasonable risk relative to its valuation.
$PANW $CSCO $NVDA
