A10 Networks, Inc. (ATEN)
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
$25.84-2.31%
Close 2026-10-29 · 1-day change
NYSEInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
Research Workspace
Put ATEN beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Systems Software: fringe margins under pressure (2q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Gross margin near 80-82%: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 12% over the past year.
View GrowthManagement screens strong on capital allocation, margins.
View ManagementExpectations look high — the market is pricing in about 41% growth a year, above the roughly 15% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 36% in its worst 12-month stretch.
View RiskATEN's AI infrastructure expansion thesis depends on growing networking demand, though earnings quality remains fragile. Revenue growth accelerated from 13.4% to 15.5% year over year. Q2 FY2026 non-GAAP earnings beat consensus by 25%. ATEN trades at 30× P/E versus a 45× peer median. The market is pricing in more growth than our forecast. Reported profits are not well backed by cash, and next-quarter miss probability is 28%. The gross-margin comparison needs review, so the primary pillar remains unverified. Peer multiples imply a price about 42% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-29. ATEN is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 6 analysts currently covering ATEN (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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Compare ATEN with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ATEN Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Systems Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ATEN next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand AI infrastructure and next-generation networking solutions
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Launch of AI Gateway aligns with AI infrastructure expansion objective.
Advances: Expand AI infrastructure and next-generation networking solutions
AI Gateway launch aligns with AI infrastructure expansion objective.
Advances: Expand AI infrastructure and next-generation networking solutions
Increased price target reflects strong AI demand supporting growth.
Advances: Achieve full-year revenue growth of 12-14%
Confirms revenue growth target and partnership expansion.
Strong earnings beat and raised outlook support revenue growth objective.
