Stock Ratings / Technology / ATEN / financials

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A10 Networks Inc. (ATEN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$25.84 -2.31% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $25.68

A10 Networks Inc. (ATEN) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY) →

ROARABLE C • HOLD / WATCH Cap $1.88B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $25.68 (-0.61%)🧬 Cannibal Buyback (-2.08% YoY Shares)⚙️ Cash Engine: 17/20 (A-) • 22.3% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

2-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk C-

Each axis scored 0–20

12M PRICE TARGET CONE+2.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for ATEN)Realized 20D OHLCV Swing Band: ±9.2%

Deterministic 5-Pillar Attribution (63/100 Composite)

🔍 WHY ATEN SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+17/20 pts (27% of score)

SEC XBRL FY 2025 (10-K): 22.3% FCF Margin ($64.8M FCF) & 79.3% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+15/20 pts (24% of score)

SEC Form 4 / 13F Thermometer: 75% Net Buy • Cannibal Buyback (-2.08% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B$29.63-17.4% Next Q

Q2 (-2Q)

Grade B-$24.46+4% Next Q

Q3 (-1Q)

Grade B-$25.45+1.5% Next Q

Current

Grade C$25.84+0.9% Hist 90D α

Trajectory: B (71) → C (63)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the ATEN Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, ATEN faces multiple-compression risk if 44.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Priced at 45x earnings—high expectations leave less room for a lukewarm quarter.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($26.13) or 200D SMA ($26.52) invalidates the momentum regime and cuts Target Base ($26.42) toward Bear Floor ($20.61).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ATEN• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “ATEN Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 63%NO 37%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How ATEN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$64.8M (22.3% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $251.7M

FY24

Rev $261.7M

FY25

Rev $290.6M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$290.6M	79.3%	16.2%	$42.1M	$64.8M	26.5%
FY 2024	$261.7M	80.4%	16.8%	$50.1M	$78.2M	25.4%
FY 2023	$251.7M	79.3%	15.4%	$40.0M	$44.5M	26.5%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ATEN)

✓Walkthrough of ATEN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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ATEN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -3.15%📐 HORIZONTAL RANGE

2026-10-30O $25.11H $25.84L $24.03C $25.84VOL 840.5K

RES: $28.02SMA50: $26.13SMA200: $26.52

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ATEN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 ATEN Butterfly Map → + Track ATEN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

33.2%/yr Implied 5Y Growth

vs. +11.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on ATEN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ATEN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for ATEN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ATEN)

Technology Rank #207 of 714 ⚔️ DGII vs ATEN Full Matrix →

1. Head-to-Head Technology Peer Comparison (ATEN vs. DGII, EXTR, ALLT, LTRX)

Industry: Computer Communications Equipment (14 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, A10 Networks Inc. (ATEN) ranks #207 by composite RQD confidence (63/100, grade C) and #301 by equity capitalization ($1.88B). Within this direct 5-issuer industry benchmark cohort, ATEN leads on earnings valuation at 44.5x trailing P/E, while ATEN leads on capital efficiency and profitability with 26.5% ROIC and 79.3% gross margin. DGII currently holds the highest overall quantitative score in the immediate peer group at 69/100 (C+) compared with ATEN at 63/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
ATEN ACTIVE A10 Networks Inc.	C	63/100	44.5x	79.3%	26.5%	-2.31%	$1.88B	Benchmark Subject
DGII Digi International Inc.	C+	69/100	72.2x	62.9%	5.9%	-0.83%	$2.95B	/dgii-vs-aten →
EXTR Extreme Networks Inc.	D	51/100	—	62.2%	8.6%	-3.48%	$3.12B	/extr-vs-aten →
ALLT Allot Ltd.	D	50/100	118.0x	71.1%	3.0%	-2.29%	$437.4M	/allt-vs-aten →
LTRX Lantronix Inc.	D	46/100	—	42.1%	-14.2%	+1.27%	$299.1M	/ltrx-vs-aten →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001580808

In its most recent audited fiscal period (FY2025, filed 2025-12-31), A10 Networks Inc. (ATEN) reported GAAP revenue of $290.6M (+11.0% vs. FY2024 revenue of $261.7M , and +15.4% cumulative change since FY2023) , GAAP net income of $42.1M, operating cash flow of $84.9M, and free cash flow of $64.8M (-17.2% YoY). On the balance sheet, ATEN closed FY2025 with $629.8M in total assets against $0 in total debt (Altman Z-Score: 4.06, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$290.6M	$42.1M	$84.9M	$64.8M	$629.8M	—
FY2024 (FY)	2024-12-31	$261.7M	$50.1M	$90.5M	$78.2M	$432.8M	—
FY2023 (FY)	2023-12-31	$251.7M	$40.0M	$44.5M	$44.5M	—	—

3. ATEN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ATEN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, A10 Networks Inc. (NYSE: ATEN) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $25.84 (-2.31% 1D, market cap $1.88B). Pillar breakdown: Fundamental Cash Engine 17/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 14/20, FRED Macro Regime Fit 10/20, and SEC Balance-Sheet Forensics 15/20. Across 714 tracked Technology issuers, ATEN ranks #207 in composite RQD confidence.

How does ATEN compare to DGII and EXTR in the Technology sector?

Within the Technology sector (Computer Communications Equipment), ATEN carries a Roarable C (63/100 RQD), trailing P/E of 44.5x, gross margin of 79.3%, and ROIC of 26.5%. By comparison, DGII (Digi International Inc.) holds a C+ grade (69/100 RQD, P/E 72.2x, ROIC 5.9%, cap $2.95B) and EXTR (Extreme Networks Inc.) posts a D grade (51/100 RQD, P/E N/A, ROIC 8.6%, cap $3.12B). Among the 5-stock peer group, ATEN leads on earnings multiple (44.5x) while ATEN leads on capital efficiency (26.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for ATEN?

Per ATEN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001580808), A10 Networks Inc. generated $290.6M in revenue (+11.0% YoY), $42.1M in net income, and $64.8M in free cash flow against $629.8M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (79% profit margin)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is ATEN trading relative to its 50-day, 200-day, and 52-week technical levels?

ATEN last traded at $25.84 (-2.31% on volume of 574,292 shares), positioning the stock -1.11% below its 50-day simple moving average ($26.13) and -2.56% below its 200-day simple moving average ($26.52). Across its 52-week range of $16.52 to $38.49, ATEN sits at the 42.4% percentile with a 14-day RSI of 40.3 (NEUTRAL RANGE) and an implied next-earnings move of ±9.2% ($23.46 to $28.22).

ATEN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is A10 Networks Inc. (ATEN)?

In FY 2025 (10-K), ATEN converted $290.6M of revenue into a 79.3% gross margin, 16.2% operating margin, and $64.8M in free cash flow (22.3% FCF margin).

Direct Sub-Reports: ATEN RQD Cockpit ATEN 12M Forecast ATEN Earnings & Move ATEN Dividends & DRIP ATEN Insiders & 13F ATEN Whale Options ATEN Profit Sankey ATEN News & Why