A10 Networks (NYSE:ATEN) Issues Quarterly Earnings Results

A10 Networks (NYSE:ATEN) issued its earnings results on Thursday. The communications equipment provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04, FiscalAI reports. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business had revenue of $91.55 million for the quarter, compared to analyst estimates of $83.88 million. During the same period in the prior year, the firm earned $0.23 earnings per share. A10 Networks’s revenue was up 22.6% on a year-over-year basis.

Here are the key takeaways from A10 Networks’ conference call:

• A10 reported record third-quarter revenue of $91.5 million, up 22.6% year over year, with an 80% non-GAAP gross margin and diluted EPS of $0.31, versus $0.23 a year earlier.
• The company raised its 2026 revenue-growth outlook to approximately 16%, from 12%–14%, and expects non-GAAP diluted EPS of $1.08–$1.10. It also set fiscal 2029 organic targets of $500 million in annual revenue and $2 in annual non-GAAP EPS.
• Management said demand is broad-based: revenue excluding its largest customer grew at a double-digit rate, and EMEA and APJ also posted double-digit growth. Security-led products accounted for 65% of product revenue, while executives cited growing interest in AI-related networking and security solutions.
• A10 generated record quarterly free cash flow and expects full-year free cash flow of $74 million–$77 million, up from approximately $64 million in 2025. It returned $27.4 million to shareholders in Q3 through dividends and share repurchases.
• Management cited supply and delivery constraints that may require prioritizing customers, while service-provider spending in the Americas remains below historical levels. The company characterized the latter as a potential source of incremental growth as spending normalizes.

A10 Networks Stock Performance

ATEN stock opened at $24.68 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 33.13 and a beta of 0.99. The stock has a fifty day moving average of $25.91 and a 200-day moving average of $26.59. A10 Networks has a fifty-two week low of $16.52 and a fifty-two week high of $38.49.

A10 Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 16th. A10 Networks’s payout ratio is 40.00%.

Insider Activity

In other A10 Networks news, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $25.65, for a total transaction of $68,023.80. Following the transaction, the director owned 57,409 shares of the company’s stock, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $27.86, for a total value of $392,435.96. Following the completion of the sale, the general counsel owned 50,586 shares in the company, valued at approximately $1,409,325.96. This represents a 21.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of A10 Networks in a research note on Thursday, August 6th. Mizuho decreased their target price on A10 Networks from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of A10 Networks in a report on Monday, August 31st. They set a “hold” rating and a $28.00 target price for the company. BWS Financial restated a “buy” rating and issued a $45.00 price target on shares of A10 Networks in a report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of A10 Networks from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.38.

Trending Headlines about A10 Networks

Here are the key news stories impacting A10 Networks this week:

• Positive Sentiment: Q3 revenue rose 22.6% year over year to $91.55 million, beating the $83.88 million consensus estimate. Earnings of $0.31 per share also topped the $0.27 forecast and the $0.23 reported a year earlier. A10 Networks Q3 2026 results
• Positive Sentiment: ATEN forecast FY 2026 EPS of $1.08–$1.10, above the $1.00 consensus, and revenue of $337 million, ahead of the $329.4 million estimate. The upbeat guidance suggests management expects continued growth.
• Neutral Sentiment: A10 declared a quarterly dividend of $0.06 per share, equivalent to $0.24 annually and an indicated yield of about 1%. The payout adds modest shareholder income but is unlikely to be a major earnings driver.
• Negative Sentiment: Deutsche Bank lowered its price target to $24 from $28 while maintaining a Hold rating, signaling reduced expectations for the shares despite the strong results. Deutsche Bank price-target update

A10 Networks Company Profile

A10 Networks, Inc is a cybersecurity and networking company that provides solutions designed to improve the availability, performance, and security of applications and digital services. Its offerings help organizations manage application traffic, protect networks from cyberattacks, and support secure access across data centers, private clouds, public clouds, and hybrid environments.

The company’s portfolio includes application delivery controllers, distributed denial-of-service (DDoS) protection, secure application services, carrier-grade networking solutions, and centralized management and analytics tools.