A10 Networks, Inc. provides networking solutions in the United States, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and micro services; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks. It also provides Thunder Threat Protection System (TPS) for the protection of networks and server resources against massive distributed denial of service attacks; Thunder Secure Sockets Layer (SSL) Insight solution that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses various critical security capabilities in one package by consolidating various security and networking functions in a single appliance. In addition, the company offers intelligent management and automation tools comprising harmony controller that provides intelligent management, automation, and analytics for secure application delivery in multi-cloud environment; and aGalaxy TPS, a multi-device network management solution. The company delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers, service providers, government organizations, and enterprises in the telecommunications, technology, industrial, retail, government, financial, gaming, and education industries. The company markets its products through sales organizations, as well as distribution channel partners, including distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California.
IPO Year: 2014
Exchange: NYSE
Website: a10networks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $17.00 → $24.00 | Buy | BWS Financial |
| 11/8/2024 | $16.00 | Buy → Hold | Craig Hallum |
| 4/4/2023 | Neutral | BTIG Research | |
| 10/29/2021 | $17.00 → $20.00 | Buy | BWS Financial |
| 6/23/2021 | $16.00 | Buy | Craig-Hallum |
A10 Networks, Inc. (NYSE:ATEN) (the "Company") today announced the pricing on March 12, 2025 of its offering of $200,000,000 aggregate principal amount of 2.75% convertible senior notes due 2030 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The issuance and sale of the notes are scheduled to settle on March 17, 2025, subject to customary closing conditions. In connection with the offering, the Company also granted the initial purchasers of the notes an opt
A10 Networks, Inc. (NYSE:ATEN) (the "Company") today announced its intention to offer, subject to market conditions and other factors, $200,000,000 aggregate principal amount of convertible senior notes due 2030 (the "notes") in a private offering (the "offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. In connection with the offering, the Company also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the
ThreatX Protect Addresses Critical Need to Protect Against Evolving Application and API Security Threats To continue to help customers address the rapidly evolving cyber threat landscape, A10 Networks (NYSE:ATEN) has acquired the assets and key personnel of ThreatX Protect, expanding its cybersecurity portfolio with web application and API protection (WAAP). The acquisition is expected to be modestly accretive to A10's earnings per share in 2025 and has closed. Attacks against web applications and application programming interfaces (APIs) are on the rise and are a significant threat to enterprises. ThreatX Protect provides a unique WAAP solution using behavioral and risk profiling to he
Solid Performance Driven by Demand Improvement from Service Providers and Continued Execution in Enterprise Business A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Summary Revenue of $74.2 million, compared to $70.4 million in the fourth quarter of 2023, representing a 5% increase. Enterprise revenue grew 8% for the quarter year-over-year, and service provider revenue grew 4%. GAAP gross margin of 79.9%; non-GAAP gross margin of 80.7%. GAAP net income was $18.3 million (24.7% of revenue), or $0.24 per
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's fourth quarter and full year 2024 financial results will be released after the markets close on Tuesday, February 4, 2025. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 475407. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at
Emerging AI Workloads Require New Approaches to Enhance Security, Availability and Low Latency Artificial intelligence (AI) adoption is creating new architectures in data centers and hybrid cloud infrastructures. It is also creating the need for new security solutions given the increased attack surface. According to a survey by KPMG, over 76 percent of respondents think they will be exposed to data privacy and security risks as a result of using Generative AI (GenAI). With this risk, security teams must develop new methods to secure AI applications in production. The top concerns include the safety of large language models (LLMs) including open source (e.g., LLAMA 3.1). To help address
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that Dhrupad Trivedi, CEO and Brian Becker, CFO will participate in the following upcoming investor conferences. UBS Global Technology and AI Conference, taking place in Arizona on Wednesday, December 4, 2024 at The Phoenician Hotel in Scottsdale. Dhrupad Trivedi, CEO will host one-on-one meetings throughout the day. BTIG Virtual Software Forum, taking place virtually on Tuesday, December 10, 2024. Dhrupad Trivedi, CEO and Brian Becker, CFO will host one-on-one meetings throughout the day. Needham Annual Growth Conference, taking place virtually on Thursday, January 16, 2025
Improving Demand from Service Providers and continued Enterprise Execution Drive Revenue Growth, Profitability A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Revenue of $66.7 million, compared to $57.8 million in the third quarter of 2023. Revenue for the first nine months of 2024 was $187.5 million, compared to $181.3 million for the first nine months of 2023. GAAP gross margin of 80.5%; non-GAAP gross margin of 81.3% as a result of continued focus on operational execution of business model goals. GAAP net income o
Integrated Platform of Solutions Can Help Lower Cybersecurity Risk, Improve User Experience and Simplify IT Infrastructures GenAI and large language models, along with high-power GPUs, are enabling artificial intelligence (AI) to drive efficiency, decision-making and to enhance customer experiences. Organizations are implementing their AI infrastructure in the cloud, or on-premises, and accelerating their hybrid cloud strategy. At the same time, gaps in the existing AI model are creating cyber risk. According to research from IBM, the cost of a data breach increased substantially to $4.88M per breach, with the highest costs occurring in healthcare, financial services, industrial and tech s
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's third quarter 2024 financial results will be released after the markets close on Thursday, November 7, 2024. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 713043. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at least 90 days.
BWS Financial reiterated coverage of A10 Networks with a rating of Buy and set a new price target of $24.00 from $17.00 previously
Craig Hallum downgraded A10 Networks from Buy to Hold and set a new price target of $16.00
BTIG Research initiated coverage of A10 Networks with a rating of Neutral
BWS Financial reiterated coverage of A10 Networks with a rating of Buy and set a new price target of $20.00 from $17.00 previously
Craig-Hallum initiated coverage of A10 Networks with a rating of Buy and set a new price target of $16.00
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Solid Performance Driven by Demand Improvement from Service Providers and Continued Execution in Enterprise Business A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Summary Revenue of $74.2 million, compared to $70.4 million in the fourth quarter of 2023, representing a 5% increase. Enterprise revenue grew 8% for the quarter year-over-year, and service provider revenue grew 4%. GAAP gross margin of 79.9%; non-GAAP gross margin of 80.7%. GAAP net income was $18.3 million (24.7% of revenue), or $0.24 per
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's fourth quarter and full year 2024 financial results will be released after the markets close on Tuesday, February 4, 2025. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 475407. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at
Improving Demand from Service Providers and continued Enterprise Execution Drive Revenue Growth, Profitability A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Financial Summary Revenue of $66.7 million, compared to $57.8 million in the third quarter of 2023. Revenue for the first nine months of 2024 was $187.5 million, compared to $181.3 million for the first nine months of 2023. GAAP gross margin of 80.5%; non-GAAP gross margin of 81.3% as a result of continued focus on operational execution of business model goals. GAAP net income o
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's third quarter 2024 financial results will be released after the markets close on Thursday, November 7, 2024. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 713043. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at least 90 days.
Company Maintains Solid Profitability A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Financial Summary Revenue of $60.1 million, compared to $65.8 million in the second quarter of 2023. Revenue for the first six months of 2024 was $120.8 million, compared to $123.5 million for the first half of 2023. GAAP gross margin of 80.0%; non-GAAP gross margin of 80.9% as a result of continued focus on operational execution of business model goals in spite of near-term volatility in the market. GAAP net income of $9.5 million (15.8% of revenu
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's second quarter 2024 financial results will be released after the markets close on Tuesday, July 30, 2024. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 707454. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at least 90 days. A
Company Delivers Revenue Growth YoY and Expands Earnings Per Share A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Summary Revenue of $60.7 million, in-line with expectations and up 5.2% year-over-year. GAAP gross margin of 81.1%; non-GAAP gross margin of 81.9% as a result of continued focus on operational execution of business model goals in spite of near-term volatility in the market. GAAP net income of $9.7 million (16.0% of revenue), or $0.13 per diluted share, compared to net income of $4.0 million (6.9% of revenue) or
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's first quarter 2024 financial results will be released after the markets close on Tuesday, April 30, 2024. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 948155. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at least 90 days. A
Company Achieves Revenue Guidance, Maintains Strong Profitability and Business Model A10 Networks, Inc. (NYSE:ATEN), a leading provider of cybersecurity and infrastructure solutions, today announced financial results for its fourth quarter ended December 31, 2023. Fourth Quarter 2023 Financial Summary Revenue of $70.4 million, in-line with guidance and down $7.2 million (9.3%) year-over-year due to market conditions related to North American service provider customers' capital expenditures. Sequentially, revenue increased 21.9%, reflecting delayed orders from the third quarter as expected. Enterprise revenue increased 22.6% year-over-year. GAAP gross margin of 81.1%; non-GAAP g
A10 Networks (NYSE:ATEN), a leading provider of secure application services and solutions, today announced that the company's fourth quarter and full year 2023 financial results will be released after the markets close on Tuesday, February 6, 2024. Management will host a call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing (833) 470-1428 (toll-free) or (404) 975-4839 and referencing access code: 619931. A live audio webcast of the conference call will be accessible from the "Investor Relations" section of A10 Network's website at investors.a10networks.com. The webcast will be archived for at