ATEN - A10 Networks, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
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 | |||||