ATEN

A10 Networks, Inc.

Technology · $1.8B market cap

Share price

$27.63

close of Oct 3, 2026

Fair value

$15.15

Sticker Price

Payback Price

$6.06

buy price

Overpriced

ATEN is Overpriced: at $27.63 it trades 82% above its fair value of $15.15. Its buy price (Payback Price) is $6.06, 78% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 1% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth2.3% a year✗

Equity per share growth10.8% a year✓

Sales growth5.7% a year✗

Free cash flow growth14.8% a year✓

Return on invested capital10.7%✓

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Insider activity

Since Jul 6, 2026: no open-market purchases, 2 sales worth $460K and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Sales

Wolf Dana Elizabeth

director · 2026-08-25

Sold

$68K

Weber Robert Scott

General Counsel · 2026-08-11

Sold

$392K

Other filings

Weber Robert Scott

General Counsel · 2026-07-06

Tax withholding

$69K

About A10 Networks, Inc.

A10 Networks, Inc. delivers networking solutions across global markets, including North and South America, Japan, the broader Asia Pacific region, and Europe, the Middle East, and Africa (EMEA). The company's product suite features the Thunder Application Delivery Controller (ADC), engineered for advanced server load balancing, and the cloud-native Lightning ADC, a Software-as-a-Service (SaaS) platform that boosts…

Software - Infrastructure