A10 Networks (NYSE:ATEN) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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

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

NYSE:ATEN traded up $2.08 during trading hours on Friday, reaching $24.68. 2,137,558 shares of the company were exchanged, compared to its average volume of 932,568. The company has a market capitalization of $1.79 billion, a P/E ratio of 33.13 and a beta of 0.99. A10 Networks has a 1-year low of $16.52 and a 1-year high of $38.49. The business has a 50 day moving average of $25.91 and a 200 day moving average of $26.59.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 16th. A10 Networks’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity at A10 Networks

In other news, Director Dana Wolf sold 2,652 shares of the firm’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 value of $68,023.80. Following the transaction, the director owned 57,409 shares in the company, valued at $1,472,540.85. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Robert Weber sold 14,086 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,409,325.96. This represents a 21.78% 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.

Analyst Ratings Changes

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

Key A10 Networks News

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

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.