A10 NETWORKS, INC.
In the published model solve dated 2026-Q2, anchored at $24.74, A10 NETWORKS, INC. (ATEN) is priced for +23.7% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Services are 42% of revenue and they are renewals rather than projects, since the company ⟦"typically sell our products with maintenance and support as part of the initial purchase, and a substantial portion of our support revenue comes from renewals of maintenance and support contracts"⟧, which is what puts an annuity alongside every appliance shipped. • Today's price requires far more than the company is guiding to: roughly 38% annual operating-profit growth sustained across a five-year run,
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253 institutional managers reported holding ATEN in 13F filings for the quarter ended 2026-03-31. 51 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 6.1M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ATEN has cut its share count 6.7% over the past five years, spending $203.91M on repurchases. It pays a dividend, and has for 5 years running; the current rate is $0.24 a share annually. Cash returned over the past three years: $48.41M in dividends and $111.29M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ATEN over the trailing three years. Absence is a fact about the company, not a signal. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ATEN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +5.3% | -29.0% |
| 2023-11-08 | +6.5% | +13.3% |
| 2024-03-01 | +0.2% | +11.0% |
| 2024-05-04 | +14.7% | -9.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ATEN's latest 8-K filings: 2026-09-14 (items 5.02); 2026-08-07 (items 8.01, 9.01); 2026-08-05 (items 2.02, 7.01, 8.01, 9.01); 2026-08-05 (items 1.01, 3.02, 9.01); 2026-05-07 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.