$A10 Networks (ATEN.US)$Excluded from the fall 2022 inventor...
$A10 Networks(ATEN.US$Excluded from the fall 2022 inventory due to lack of revenue and profit growth, the stock price has fallen 26% so far.
Launched in 2014, it mainly provides cybersecurity and application delivery solutions. The main markets are in the US and Japan, and the current price is 13.24.
In the past 5 years, revenue fell first, then rose for 3 years. The average growth rate was only 1.6%. Operating profit reversed losses in 2020, reached a high point in 2022 supported by increased gross margin, shrank 27.2% in 2023. Net profit skyrocketed once in 2021 due to income tax rebates, returned to normal in 2022, and shrank 14.8% in 2023.
The current price-earnings ratio of 25 is unattractive due to lack of revenue and profit growth.
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