A10 Networks (NYSE:ATEN) Issues Quarterly Earnings Results

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

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 Up 9.2%

A10 Networks stock traded up $2.08 on Friday, hitting $24.68. The company’s stock had a trading volume of 2,137,558 shares, compared to its average volume of 932,568. A10 Networks has a one year low of $16.52 and a one year high of $38.49. The firm has a market cap of $1.79 billion, a P/E ratio of 33.13 and a beta of 0.99. The company has a fifty day moving average price of $25.91 and a 200-day moving average price of $26.59.

A10 Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued 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%.

A10 Networks News Roundup

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

Insider Transactions at A10 Networks

In other news, General Counsel Robert Weber sold 14,086 shares of A10 Networks stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total transaction of $392,435.96. Following the sale, the general counsel directly owned 50,586 shares in the company, valued at approximately $1,409,325.96. The trade was a 21.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $25.65, for a total transaction of $68,023.80. Following the completion of the sale, the director directly owned 57,409 shares in the company, valued at approximately $1,472,540.85. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

About A10 Networks

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.