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A10 Networks (ATEN)

A10 Networks, Inc. (ATEN) is a leading provider of secure application solutions and services that enhance cyber protection and digital responsiveness across dynamic IT and network infrastructures. The company specializes in network infrastructure and security products, offering solutions to power internet services and applications while protecting them from cyber-attacks. ATEN sells hardware, software licenses, and subscription-based services globally to service providers and enterprises.

  1. Products Revenue - Includes hardware appliances, perpetual software licenses, and subscription offerings such as term-based software license agreements and cloud-based services. Key solutions include the ACOS software platform, Thunder ADC, CGN, TPS, SSLi, and CFW.

  2. Services Revenue - Provides post-contract support (PCS), professional services, training, and software-as-a-service (SaaS) offerings. PCS contracts typically range from one to seven years, and SaaS offerings grant customers access to hosted software.

  3. A10 Defend Security Suite - Protects applications, APIs, infrastructure, and enterprises from cyber-attacks. Includes tools such as Threat Control, Orchestrator, Detector, Mitigator, and ThreatX Protect.

  4. A10 Control - Offers intelligent management, automation, and analytics for secure application delivery in multi-cloud environments, simplifying operations.

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NamePositionExternal RolesShort Bio

Dhrupad Trivedi

ExecutiveBoard

President and Chief Executive Officer

Dhrupad Trivedi has been the President and Chief Executive Officer of A10 Networks since December 2019 and also serves as Chairperson of the Board since September 2020.

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Brian Becker

Executive

Chief Financial Officer (CFO)

Brian Becker has been the CFO of A10 Networks since February 2021 after serving as Interim CFO from September 2020 and as Vice President and Corporate Controller from January 2018. He also held key financial roles at YuMe, Inc. and Symantec Corporation earlier in his career.

Scott Weber

Executive

General Counsel and Corporate Secretary

Scott Weber has served as the General Counsel and Corporate Secretary at A10 Networks since June 2022, overseeing legal and corporate compliance activities. Previously, he led legal departments at companies such as Workday, Lumina Networks, and Juniper Networks.

  1. Given that service provider revenue normalized this quarter led by a more favorable comparison, how do you plan to sustain revenue momentum when comps tighten further, especially in North America?
  2. With your enterprise growth varying significantly by region and strong North American performance, how will you address potential macro uncertainties that could slow adoption in other geographies?
  3. As AI-related revenue is expected to drive growth in '26 and beyond, what specific metrics or tracking mechanisms are you putting in place today to quantify its future contribution to overall revenue?
  4. In light of the competitive dynamics in cybersecurity and the integration of ThreadX, can you detail how this addition will translate into higher net new business while managing margin pressures?
  5. Considering the minimal foreign exchange benefit from the Japanese yen this quarter, what risk management strategies are you implementing if global currency volatility intensifies, and how might this impact your profitability?
Program DetailsProgram 1
Approval DateMay 1, 2025
End Date/DurationNo specified term or termination date
Total Additional Amount$75 million
Remaining Authorization$71.1 million (as of June 30, 2025)
DetailsPurpose: Return capital to shareholders as part of the company's capital allocation strategy. Funding: From existing cash balance and operating activities. Timing: Determined by management and Board based on stock price, corporate needs, market conditions, and legal requirements.

Competitors mentioned in the company's latest 10K filing.

CompanyDescription

Arbor Networks Inc.

This company is a subsidiary of Netscout Systems and sells network security solutions and services including DDoS protection.

This company sells network security solutions and services including DDoS protection, and products in the traditional application delivery market.

This company sells network security solutions and services including DDoS protection.

This company sells Gi/SGi firewall and CGN products, which were originally designed for other networking purposes, such as edge routers and security appliances.

This company sells Gi/SGi firewall and CGN products, which were originally designed for other networking purposes, such as edge routers and security appliances.

This company sells Gi/SGi firewall and CGN products, which were originally designed for other networking purposes, such as edge routers and security appliances.

NetScaler from Cloud Software Group, Inc.

This company sells products in the traditional application delivery market.

This company sells products in the traditional application delivery market.

Imperva

This company sells Cloud WAAP solutions.

This company sells Cloud WAAP solutions.

This company sells Cloud WAAP solutions.

This company sells Cloud WAAP solutions.

Citrix Systems, Inc.

This company sells products in the traditional ADC market.

Avi Networks Inc.

This company sells open source, software-only, cloud-based ADC services.

NGINX Inc.

This company sells open source, software-only, cloud-based ADC services.

HAProxy Technologies, Inc.

This company sells open source, software-only, cloud-based ADC services.

Symantec Corporation

This company sells SSL decryption and inspection products through its acquisition of Blue Coat Systems Inc. in 2016.

CustomerRelationshipSegmentDetails

Customer A

Buyer

All

2024: 15% ($39.3M of $261.7M ) , 2023: 14% , 2022: 11%

Customer B

Buyer

All

2022: 13% , 2023 & 2024: less than 10%

Distribution Channel Partner #1

Reseller/Distributor

All

2024: 20% ($52.3M of $261.7M ) , 34% of A/R ($26.1M of $76.687M ) ; 2023: 19% , 19% of A/R

Distribution Channel Partner A

Reseller/Distributor

All

2022: 15% of total revenue

Distribution Channel Partner B

Reseller/Distributor

All

2022: 13% of total revenue

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

ThreatX Protect

2025

Completed in February 2025, A10 Networks acquired ThreatX Protect for $19.6 million in cash to expand its cybersecurity portfolio with web application and API protection capabilities. The deal included key assets such as intangible assets valued at $7.6 million, deferred revenue, net assets, and generated $13.8 million in goodwill while incurring $0.3 million in transaction costs to support future synergies.

No recent press releases or 8-K filings found for ATEN.