A10 Networks (NYSE:ATEN) Announces Quarterly Earnings Results

A10 Networks (NYSE:ATEN) released its quarterly earnings data 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. The company had revenue of $91.55 million during the quarter, compared to analyst estimates of $83.88 million. A10 Networks had a net margin of 13.85% and a return on equity of 23.63%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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 Price Performance

Shares of A10 Networks stock traded up $2.08 on Friday, hitting $24.68. The company had a trading volume of 2,137,558 shares, compared to its average volume of 932,568. The business has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $26.59. The company has a market cap of $1.79 billion, a PE ratio of 33.13 and a beta of 0.99. A10 Networks has a 52 week low of $16.52 and a 52 week high of $38.49.

A10 Networks Announces Dividend

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

Insider Transactions at A10 Networks

In other A10 Networks news, General Counsel Robert Weber sold 14,086 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $27.86, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dana Wolf sold 2,652 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 57,409 shares in the company, valued at $1,472,540.85. The trade was a 4.42% decrease in their ownership of the stock. 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. 1.21% of the stock is owned by insiders.

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

Analyst Upgrades and Downgrades

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

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.