A10 Networks, Inc. logo ATEN - A10 Networks, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $20.33 DETAILS
HIGH: $27.00
LOW: $9.00
MEDIAN: $25.00
CONSENSUS: $20.33
DOWNSIDE: 30.28%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue
Revenue 290.6 261.7 251.7 280.3 250.0 225.5 212.6 232.2 235.4 230.0 199.0 179.5 141.7 120.1 91.3
Cost of Revenue 60.0 51.4 48.0 56.8 53.5 50.1 48.9 51.9 53.3 54.9 48.8 42.9 33.4 24.5 18.5
Gross Profit 230.5 210.3 203.7 223.5 196.5 175.4 163.7 180.3 182.1 175.1 150.2 136.6 108.3 95.6 72.8
Operating Expenses
R&D Expenses 69.1 57.7 55.2 58.4 54.1 58.1 61.8 65.2 63.0 60.7 54.8 49.9 33.3 25.5 16.7
SG&A Expenses 114.3 108.6 109.9 112.0 109.1 99.6 116.5 142.8 129.5 131.4 131.6 119.8 86.3 61.5 37.6
Other Expenses 0 0 0 0 0 0 2.5 0 0 (0.6) (0.3) 0 0 0 0
Operating Expenses 183.4 166.3 165.1 170.4 163.1 157.6 180.8 208.0 192.5 192.1 186.4 169.7 119.7 87.1 54.3
Operating Income
Operating Income 47.1 44.0 38.6 53.1 33.4 17.7 (17.1) (27.7) (10.4) (19.1) (38.4) (30.3) (22.8) (87.0) 9.0
Interest Expense 0 7.4 0 1.7 2.2 0 0.2 0.1 0.2 0.4 0.5 1.0 1.5 0.1 0.2
Interest Income 11.6 6.7 5.1 1.3 0.4 1.4 0.9 1.3 1.0 0 0 0 0 0 0
Profitability
EBITDA 67.3 55.3 48.0 61.8 42.7 24.7 (6.1) (18.6) (0.9) (12.9) (30.1) (22.1) (17.9) (84.0) 11.8
EBIT 52.4 44.0 38.6 54.4 33.8 19.1 (16.2) (26.4) (9.4) (21.2) (40.6) (32.2) (25.0) (89.3) 8.4
Income Before Tax 52.4 58.1 43.8 52.7 31.6 19.1 (16.4) (26.5) (9.5) (20.2) (39.3) (33.2) (26.5) (89.4) 8.2
Income Tax Expense 10.3 8.0 3.8 5.8 (63.2) 1.3 1.4 1.1 1.2 0.8 0.7 1.5 0.6 0.8 0.8
Net Income 42.1 50.1 40.0 46.9 94.9 17.8 (17.8) (27.6) (10.8) (20.9) (40.0) (34.7) (27.1) (90.2) 7.3
Per Share Data
EPS (Basic) 0.58 0.68 0.54 0.62 1.23 0.23 -0.23 -0.38 -0.15 -0.32 -0.64 -0.71 -0.46 -2.06 0.02
EPS (Diluted) 0.57 0.67 0.53 0.60 1.19 0.22 -0.23 -0.38 -0.15 -0.32 -0.64 -0.71 -0.46 -2.06 0.02
Shares Outstanding 72.3 74.1 74.2 75.5 77.0 77.8 76.1 72.7 70.1 65.7 62.4 48.7 59.0 43.7 43.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 71.1 95.1 97.2 68.0 78.9 83.3 45.7 40.6 46.6 29.0
Short-Term Investments 306.7 100.4 62.1 83.0 106.1 74.9 84.2 87.8 84.6 85.4
Net Receivables 62.1 76.7 74.3 72.9 61.8 51.1 53.6 54.0 48.3 61.3
Inventory 18.0 22.0 23.5 19.7 22.5 20.7 22.4 17.9 17.6 15.8
Other Current Assets 0 8.8 8.6 8.1 10.4 8.6 8.9 8.0 1.1 0
Total Current Assets 476.0 307.3 271.8 257.0 284.0 242.3 220.9 214.9 203.8 196.7
Non-Current Assets
Property, Plant & Equipment 50.2 50.7 46.3 40.9 33.6 36.1 40.7 7.3 9.9 8.2
Goodwill 15.1 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3
Intangible Assets 6.3 0 0 0 0 0.9 2.3 3.7 5.2 6.6
Long-Term Investments 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 82.2 11.2 7.7 6.7 8.4 9.3 7.7 8.6 4.6 3.9
Total Non-Current Assets 153.9 125.5 118.0 112.1 109.1 48.5 53.1 20.9 21.1 20.0
Total Assets 629.8 432.8 389.8 369.1 393.1 290.8 274.1 235.9 224.9 216.7
Current Liabilities
Account Payables 11.7 12.5 7.0 6.7 6.9 4.9 7.6 8.2 9.0 9.9
Short-Term Debt 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 78.3 82.7 74.3 73.1 66.0 62.2 0 0 0
Other Current Liabilities 80.8 19.1 7.6 19.8 24.0 19.7 12.2 5.6 5.0 63.4
Total Current Liabilities 133.7 123.6 111.1 118.2 116.1 107.8 97.6 97.4 92.7 101.4
Non-Current Liabilities
Long-Term Debt 218.8 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0.3 0.4 0.3 0.3 0.9 0.7 0.5 1.0 1.0
Total Non-Current Liabilities 284.6 77.4 70.9 69.8 68.1 67.1 67.7 0 0 0
Total Liabilities 418.3 201.0 181.9 188.1 184.2 174.8 165.3 97.4 92.7 101.4
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (71.0) (40.3) (90.5) (130.5) (177.4) (272.2) (290.1) (272.2) (257.0) (246.1)
Accumulated Other Comprehensive Income 0.7 0.2 (0.1) (0.7) (0.2) 0.1 0.3 (0.1) (0.1) (0.0)
Total Stockholders' Equity 211.5 231.8 207.9 181.0 208.9 116.0 108.8 103.9 98.4 82.8
Total Liabilities & Equity 629.8 432.8 389.8 369.1 393.1 290.8 274.1 201.2 191.1 184.2
Debt Metrics
Total Debt 222.6 11.9 16.8 21.6 23.3 28.8 33.2 0 0 0
Net Debt 151.5 (83.2) (80.4) (46.3) (55.6) (54.5) (12.6) (40.6) (46.6) (29.0)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income 42.1 50.1 40.0 46.9 94.9 17.8 (17.8) (27.6) (10.8) (20.9)
Depreciation & Amortization 14.9 11.3 9.3 7.4 8.9 11.3 10.0 7.9 8.5 8.3
Stock-Based Compensation 20.0 17.0 14.1 13.3 14.4 12.3 16.5 17.0 17.2 16.9
Change in Working Capital 5.0 12.4 (18.3) (2.3) (5.0) 12.8 (8.9) (0.1) (1.4) 11.9
Other Non-Cash Items 2.9 (0.4) (0.6) 0.8 1.1 1.1 (0.3) (0.1) (0.4) 0.9
Operating Cash Flow 84.9 90.5 44.5 66.1 50.1 55.3 (0.4) (2.7) 14.3 18.8
Investing Activities
Capital Expenditure (20.1) (12.3) (10.9) (10.8) (5.2) (3.6) (4.3) (2.8) (5.7) (6.4)
Acquisitions 0 0 0 0 0 0 (4.1) 0 0 (4.4)
Purchases of Investments (342.0) (142.8) (85.4) (55.4) (128.6) (58.0) (71.6) (87.8) (87.4) (126.2)
Sales/Maturities of Investments 137.6 106.7 109.9 77.3 95.7 66.8 75.7 83.7 88.0 40.6
Other Investing Activities (19.1) 0 0 0 0 0 4.1 (4.1) 0.6 (87.1)
Investing Cash Flow (243.6) (48.4) 13.6 11.1 (38.1) 5.2 (0.3) (6.9) (5.1) (96.4)
Financing Activities
Net Debt Issuance 225 0 0 0 0 0 0 0 0 0
Stock Repurchased (68.9) (30.1) (16.0) (79.3) (18.3) (32.5) 0 0 (3.1) (1.8)
Dividends Paid (17.4) (17.8) (17.8) (15.9) (3.9) 0 0 0 0 0
Other Financing Activities (7.3) 3.6 4.9 7.0 5.8 9.6 (0.0) (0.1) 11.5 10.2
Financing Cash Flow 134.8 (44.3) (28.8) (88.1) (16.4) (22.9) 5.8 3.6 8.4 8.4
Cash Position
Net Change in Cash (24.0) (2.1) 29.3 (11.0) (4.4) 37.5 5.1 (5.9) 17.6 (69.1)
Cash at Beginning 95.1 97.2 68.0 78.9 83.3 45.7 40.6 46.6 29.0 98.1
Cash at End 71.1 95.1 97.2 68.0 78.9 83.3 45.7 40.6 46.6 29.0
Free Cash Flow 64.8 78.2 33.6 55.3 44.9 51.7 (4.8) (5.5) 8.6 12.4
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Income Statement
Revenue 290.6 261.7 251.7 280.3 250.0 225.5 212.6 232.2 235.4 230.0 199.0 179.5 141.7 120.1 91.3
Gross Profit 230.5 210.3 203.7 223.5 196.5 175.4 163.7 180.3 182.1 175.1 150.2 136.6 108.3 95.6 72.8
Operating Income 47.1 44.0 38.6 53.1 33.4 17.7 (17.1) (27.7) (10.4) (19.1) (38.4) (30.3) (22.8) (87.0) 9.0
Net Income 42.1 50.1 40.0 46.9 94.9 17.8 (17.8) (27.6) (10.8) (20.9) (40.0) (34.7) (27.1) (90.2) 7.3
EPS (Diluted) 0.57 0.67 0.53 0.60 1.19 0.22 -0.23 -0.38 -0.15 -0.32 -0.64 -0.71 -0.46 -2.06 0.02
Balance Sheet
Cash & Equivalents 71.1 95.1 97.2 68.0 78.9 83.3 45.7 40.6 46.6 29.0
Total Assets 629.8 432.8 389.8 369.1 393.1 290.8 274.1 235.9 224.9 216.7
Total Debt 222.6 11.9 16.8 21.6 23.3 28.8 33.2 0 0 0
Stockholders' Equity 211.5 231.8 207.9 181.0 208.9 116.0 108.8 103.9 98.4 82.8
Cash Flow
Operating Cash Flow 84.9 90.5 44.5 66.1 50.1 55.3 (0.4) (2.7) 14.3 18.8
Capital Expenditure (20.1) (12.3) (10.9) (10.8) (5.2) (3.6) (4.3) (2.8) (5.7) (6.4)
Free Cash Flow 64.8 78.2 33.6 55.3 44.9 51.7 (4.8) (5.5) 8.6 12.4