
Fundamental analysis: A10 Networks, Inc. (ATEN)
Awarener score: 6.6
Conclusion
The higher the Awarener score, the more bang you get for the buck. It measures how much genuine funds the company generates for the stock price paid (Average), the business stability (Excellent) and growth (Lacking), and the company's inclination to return cash to the stockholders (Very good).
Note: All scores range from 1 (worst) to 10 (best). Conclusions are updated daily with closing stock prices and new reported quarterly financial statements.
Revenue score: 6.5
- Business has been slightly shrinking. It's been weak when measured against peer companies.
- A10 Networks, Inc. business trend stability is excellent. The higher the stability, the lower the risk. It looks slightly worse than rivals.
Margins score: 6.8
- ATEN profit margins -on goods and services sold- are usually excellent. They stand well ranked against rival companies.
- Business profit on sales tends to be sufficient. It's more than average in relation to competitors.
- Profits on sales made -available to repay debt and purchase properties- are usually sufficient. They remain a slight improvement compared to peers.
- Earnings -before income taxes and interests on loans taken- tend to be sufficient in relation to total revenues. They're still well ranked against similar companies.
- Profits -before income taxes- are usually sufficient considering total sales, and remain more than average in relation to rivals.
- Total net profit tends to be very good when confronted to sales. Company stands great when measured against comparable firms.
Growth score: 1.4
- A10 Networks, Inc. profit -on goods and services sold- has been growing at a very low pace. It's been lacking compared to competitors.
- In recent years, the firm hasn't always been able to profit from operations, which has been bottom tier against comparable firms.
- In past years, the company couldn't always turn a profit -available to repay debt and purchase properties-, which compares last-in-rank when measured against peer enterprises.
- In the previous years, the firm couldn't always make a profit -before income taxes and interests on loans taken-. It turns to be a disappointment compared to similar stocks.
- In past years, at least once the company lost money -before income taxes-. It was bottom tier against rivals.
- In the previous years, the firm had at least a total net loss, and last-in-rank when measured against peer companies.
- The company lost money at least once in the past years. It's been a disappointment compared to industry peers.
Miscellaneous score: 6.3
- ATEN managed to get a credit on income taxes in the past years, even though it earned money. It's been top-notch against peers.
- Research and development expenses consume some portion of revenues. It's similar to competitors.
- The company grows very little in relation to research and development efforts. It stands in a weak position compared to rival companies.
Profitability score: 6.2
- A10 Networks, Inc. usually gets sufficient returns on the resources it controls. It proves more than average in relation to peer firms.
- The company normally gets hardly sufficient proceeds -on the resources directly invested in the business-. They remain in good shape compared to similar companies.
- There's usually abundant profitability -in relation to owned resources-. It ranks great when measured against competitors.
- In the past, got sufficient returns -on the tangible resources it controls-. This metric is usually related to the industry in which operates and combines profitability versus reinvestment needs. It's encouraging in relation to comparable enterprises.
Usage of Funds score: 6.2
- ATEN usually uses a modest portion of genuine funds generated to buy or replace property, plant, or equipment. The need for reinvestments isn't too high. It stands encouraging in relation to rival firms.
- The company is usually replacing the property, plant, and equipment that gets old, keeping its operating capabilities up to date, which is encouraging in relation to industry peers.
- In the past twelve months it paid somewhat low dividends, considering the current stock price. It came slightly worse than competitors.
- Has greatly increased dividend payments in the past years. Business prospects are most likely good. The company has behaved excellent in relation to similar firms.
- Dividend payments usually represent a minor portion of genuine funds generation and are most likely safe. Sustainability looks slightly better than comparable companies.
- The company somewhat enlarges a bit the pool of investors, resulting in more mouths feeding on the pie of profits. It remains a slight improvement compared to peer enterprises.
- Repurchase effectiveness metric is very complex. Run again in analytical mode if you're interested in a technical explanation. It stands close to average when compared to rivals.
- The company uses a significant portion of genuine fund generation to reward investors, which can probably be sustained for as long as business doesn't turn sour. It still looks similar to competitors.
Balance Sheet score: 8.0
- A10 Networks, Inc. has not disclosed intangibles assets, so we could not reach a meaningful conclusion on this metric. It happens to be a not known variable when measured with peer companies.
- Current ratio remains a mystery, as there was not sufficient Balance Sheet information. It turns to be unidentifiable against similar firms.
- The relation between debt and assets is unknown to us. It remains undisclosed against rival firms.
- We have not enough inputs to assess how quickly assets can be turned into cash and equivalents. It looks we are not able to reach a conclusion in relation to rivals.
- Quick ratio is unavailable at this moment, due to lacking data. It's a pity we cannot compare it with peer firms.
- A conclusion on cash ratio could not be reached, as we lack inputs, which is unfortunate when trying to measure against similar enterprises.
- Usually, sales are mostly on cash. It still ranks top tier when measured against peers.
- Normally has no inventories. It comes up as impressive in relation to competitors.
- On average, it takes less than one month from the purchase to charging customers. It happens to be top-notch against peers.
- Pays suppliers mostly in cash. It ranks last-in-rank when measured against industry peers.
- The company pays its suppliers almost when charging its customers, so there's very little money invested in working capital. It's in good shape compared to similar companies.
- Company earns net interest income on its investments and therefore is in a quite comfortable financial position. It stands top-notch against rival firms.
- There is insufficient data to conclude on the relationship of EBITDA and debt for this company. It ranks unknown against comparable enterprises.
- Fixed assets turnover remains undisclosed. It looks we cannot relate it to similar firms.
- We did not reach a conclusion regarding total assets turnover, as not enough data is currently available. It's still unable to match with peer companies.
Valuation score: 6.0
- A10 Networks, Inc. looks expensive in relation to profits and financial position. It happens to be more than average in relation to competitors.
- We have not enough data to conclude on the relationship of price versus tangible book value for this company. It remains therefore unknown compared to peers.
- In the past twelve months, the company generated some good free funds in relation to the stock price, which stands better than most similar companies.
- The company usually generates reasonably more than enough genuine funds to cover up for its business needs. Surplus cash may be used to repay loans, to eventually buy new businesses, or to reward investors. Considering the financial position and stock price, the current valuation might be fair. It's still more than average in relation to industry firms.
- In the past twelve months, the company has slightly rewarded investors, considering both dividends and share on the pie of earnings. It came up excellent in relation to peer ventures.
- The company has neither net debt nor net cash. It may borrow extra money if it wishes so, or start cumulating cash for future uses. It looks slightly better than similar enterprises.
- Considering the past twelve months, traditional Price-to-Earnings relation is high. Substantial improvement expectations are already in the stock price, which is somewhat risky. It ranks encouraging in relation to peer companies.
- Comparing the current stock price with the past twelve-months revenues gives a very high relationship. This is an important metric to check its evolution through time, and to compare to industry peers. It looks close to average when compared to rival firms.
- We have not enough information on the relation between current stock price and accounting book value. The company remains a mystery against peer firms.
- In the past twelve months, the operating business earned some money when compared to the current stock price and financial position. It happens to be great when measured against industry peers.
- In an alternate metric of bang for the buck, the company has usually shown a modest earnings power ability when measured against the current stock price and financial position. It's still excellent in relation to peer companies.
Total score: 5.9

Company at a glance: A10 Networks, Inc. (ATEN)
Sector, industry: Technology, Software—Infrastructure
Market Cap: 1.10 billions
Revenues TTM: 0.28 billions
A10 Networks, Inc. provides networking solutions in the Americas, 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 microservices; 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. A10 Networks, Inc. delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers; service providers include cloud, telecommunications, and multiple system and cable operators; government organizations; and enterprises in the technology, industrial, retail, 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.
Awarener score: 6.6
Conclusion
The higher the Awarener score, the more bang you get for the buck. It measures how much genuine funds the company generates for the stock price paid (Average), the business stability (Excellent) and growth (Lacking), and the company's inclination to return cash to the stockholders (Very good).