A10 Networks Inc (ATEN)

$ATEN With $378M in cash, strong free cash flow and disciplined capital allocation, A10 is well positioned for strategic acquisitions if the right opportunities emerge imo. Management is focused on organic growth but with their financial flexibility and proven execution, targeted acquisitions to accelerate growth or expand capabilities would make sense. Compare that to $NET burning cash at 28x sales or $FTNT at $60B market cap trading at 9.5x sales. A10 has comparable EBITDA margins to FTNT (29.6% vs 33%) but trades at a tiny fraction of the valuation while returning cash to shareholders through dividends and buybacks. If they wanted to accelerate revenue growth through smart acquisitions while maintaining margin discipline, they have the firepower. That optionality matters in this market.

$ATEN small cap drifting quietly, under the radar with breakout risk on volume

$ATEN A10's differentiation is their focus on high performance, scalable solutions for large enterprises and service providers rather than the SMB market, plus their strong positioning in AI infrastructure buildout with cloud providers. They work with 8 of the top 10 cloud providers and 9 of the top 10 telecom operators globally. Lets also not forget North America has been a major growth driver, up 30% for the full year and now representing 64% of quarterly revenue. This isn't about chasing small deals. They are winning mission critical deployments like the global airline and data analytics software provider they closed in Q4. These are the types of sticky, high value customers that expand over time. While competitors for example like $PANW $NET $FTNT $JNPR fight across all market segments, A10 stays focused on where they can deliver the most value at scale.

$ATEN Up nearly 10.5% today on the close while the broader market continues to take major hits. This is exactly what I was talking about in a previous post. When you have a company executing with discipline, returning capital consistently and positioned in real AI infrastructure (not just hype), the market eventually recognizes it even in tough conditions. They are guiding 10-12% to line growth for 2026, expanding margins, and EPS growth outpacing revenue. That's the kind of fundamental strength that holds up when sentiment turns extremely bearish. While growth names keep bleeding, ATEN is proving that profitable growth with shareholder returns matters more than ever in this environment. What's also noteworthy is on the ER call they mentioned that they displaced competitors in their Q4 wins (the airline and software provider deals) and that the competitive landscape on the enterprise and security side hasn't changed recently. $CRWD $FFIV $CSCO $NET

$ATEN over 20 looks good

$ATEN If the range holds and volume expands, this one could catch a bid

$ATEN Quiet accumulation, watching for breakout risk if volume ignites

$ATEN In a market where AI is disrupting jobs, layoffs are rising and growth stocks keep getting hit I’m honestly grateful to have A10 Networks as a part of my portfolio. January just had the worst layoff plans since 2009, and that kind of backdrop matters. Despite that ATEN grew revenue 11% in 2025, posted record results, and returned $86.3M to shareholders through buybacks and dividends. The board just approved another $0.06 quarterly dividend payable March 2, and they still have $53.4M left for repurchases. What I like is this isn’t AI hype. They are positioned in the AI infrastructure buildout, working with 8 of the top 10 cloud providers, while staying disciplined with capital. EPS is growing faster than revenue, margins are expanding and cash keeps coming back to shareholders. In a choppy market with significant stock declines in growth companies and a weakening jobs picture this is the kind of shareholder friendly execution I’m comfortable owning. $PANW $NET $FTNT $JNPR

$ATEN CEO disconnected from the call, a network company lol

$ATEN A10 Networks sees FY26 revenue up 10%-12% Consensus $311.6M. The company sees FY26: Increased full-year revenue growth outlook of 10-12% over the prior year; Non-GAAP gross margin in-line with historical trends and stated business model goals of 80%-82%; Expanding net margin and EBITDA margin; EPS growth exceeding revenue growth rate, representing 12-14% growth year-over-year.

$ATEN Q4 '25 Earnings Results & Recap • Reported GAAP EPS of $0.14 down -44.00% YoY • Reported revenue of $80.36M up 8.29% YoY • For 2026, A10 Networks expects full-year revenue growth of 10-12%, non-GAAP gross margin in-line with 80-82%, and EPS growth exceeding revenue growth at 12-14% year-over-year.

$ATEN A10 Networks reports Q4 EPS 26c, consensus 24c Reports Q4 revenue $80.4M, consensus $78.1M. "A10 continues to benefit from strong end demand across its portfolio, capturing market share as customers deploy our solutions to support AI infrastructure and driving growth ahead of the market," said Dhrupad Trivedi, President and Chief Executive Officer of A10 Networks. "A10's strategic position aligned with the increasingly pressing demands for high-throughput, low-latency, and integrated security, are benefitting us as we work with customers on their data center buildouts. Security-led revenue has now achieved our stated target model of two-thirds of our revenue and continues to drive consistent growth. In 2025, we continued to expand the business driven by next-generation networking and integrated cybersecurity solutions while maintaining strong alignment with our traditional legacy network customers. We continue to deliver on our business model goals. We generated nearly $85 million in cash flow from operations, enabling continued investment in our business and the return of capital to our shareholders. Building on our execution in 2025, operational discipline remains foundational to our business model as we enter 2026, supporting sustained top- and bottom-line growth."

$ATEN is a provider of connectivity and management solutions for IT infrastructure; it operates in a competitive market with modest growth prospects.

$ATEN Looking forward to A10s 4Q and full year 2025 financial results after the bell today. Margins and cash flow will be key but what I find especially interesting is how A10 keeps positioning itself at the intersection of security and performance as traffic shifts toward AI driven workloads and more encrypted data flows. Their DDoS and application security stack feels quietly well placed for an environment where networks have to move faster and stay protected at the same time:)

$ATEN macro weekly consolidation using IPO weekly high as support

$ATEN If some strategic and exciting acquisitions come into play which is anticipated perhaps this will run like $NET. A combo of organic growth, inorganic growth, divis and the buy back are key imo setting the stage for the next big price increase:)

$ATEN RSI: 61.33, MACD: -0.0154 Vol: 0.30, MA20: 17.50, MA50: 17.54 🔴 SELL - Downtrend 👉 https://quantumstockalerts.com Disclaimer: I am not a financial advisor. This post reflects personal analysis and opinions only. Please do your own research before investing or trading.

$ATEN Getting really tight up in here.

$ATEN 🐂 While $FTNT and $PANW face pressure after Beijing’s move to blacklist U.S. cybersecurity software, ATEN stands apart. For those that may not be aware, A10 shut down its China operations in 2021 a move that in hindsight, materially de-risked the biz well before China’s policy escalation. With no meaningful direct exposure to upcoming bans ATEN avoided the disruption now hitting peers. That decision also explains why U.S. and Americas rev continues to grow significantly (now 65% of total rev). Instead of competing for lower margin gov contracts overseas, ATEN focused on higher-value U.S. AI data centers and high-packet AI workloads for the Thunder series. Despite this pivot, the stock still trades significantly cheaper than its peers on an EV/EBITDA basis. Time for the market to wake is ass up. LOL It will eventually imo:)

$ATEN added to watchlist

$ATEN Just keep buying those shares at lower prices so you can reduce the float significantly and in turn make this stock substantially increase in value. For A10 Networks the strategy is simple imo... That is keep accumulating shares at lower prices to steadily reduce the float. As the float tightens and fundamentals stay strong the stock can re-rate meaningfully higher. At the same time A10 should continue executing on organic growth while also pursuing inorganic growth through smart, accretive acquisitions to accelerate top line numbers. A well timed acquisition could be a real catalyst and take revenue growth to the next level.

$ATEN RSI: 28.64, MACD: -0.1048 Vol: 0.34, MA20: 17.76, MA50: 17.54 ⚪ HOLD - Sideways 👉 https://quantumstockalerts.com Disclaimer: I am not a financial advisor. This post reflects personal analysis and opinions only. Please do your own research before investing or trading.