ATEN vs CALX vs CSCO Stock Comparison

A10 Networks, Calix and Cisco Systems Prices as of Nov 2, 2026 Peers: Industry group
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ATEN A10 Networks, Inc.
$23.53 -14.9% 1M +31.9% 1Y
Market cap
$1.70B
P/E
39.5x
Revenue (TTM)
$310.17M
Div. yield
1.02%
Networking Equipment Technology
1 win
CALX Calix, Inc
$36.19 +4.0% 1M -47.1% 1Y
Market cap
$2.28B
P/E
44.9x
Revenue (TTM)
$1.11B
Div. yield
–
Networking Equipment Technology
2 wins
CSCO Cisco Systems, Inc.
$101.61 -9.4% 1M +39.0% 1Y
Market cap
$400.95B
P/E
30.3x
Revenue (TTM)
$63.33B
Div. yield
1.64%
Networking Equipment Technology
9 wins

Head to Head

12 decided of 12

Cisco Systems leads on 9 of the 12 questions below (Cisco Systems 9, Calix 2, A10 Networks 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionATENCALXCSCOLeader
Larger companyMarket capitalisation $1.70B $2.28B $400.95B CSCO
Cheaper on earningsLower P/E, profitable companies only 39.5x 44.9x 30.3x CSCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 22.3x 21.4x CSCO
Faster revenue growthRevenue growth, trailing twelve months +12.2% +27.8% +11.8% CALX
More profitableNet margin, trailing twelve months 13.9% 4.6% 21.0% CSCO
Better return on capitalReturn on invested capital 8.9% — 15.9% CSCO
Less leveragedLower net debt / EBITDA -2.1x — 0.8x ATEN
Higher dividend yieldTrailing dividend yield 1.02% — 1.64% CSCO
Better 1-year returnPrice return, last 12 months +31.9% -47.1% +39.0% CSCO
Better 5-year returnAnnualised price return, 5 years +8.1%/yr -13.0%/yr +12.0%/yr CSCO
Less volatileAnnualised volatility, 1 year 40.4% 40.8% 35.9% CSCO
Higher overall scoreMean of the five percentile scores vs peers 51/100 75/100 53/100 CALX

Percentile Scorecard

ATENCALXCSCO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisATENCALXCSCO
Valuation 45 #62 of 112 59 #47 of 112 30 #79 of 112
Growth 29 #77 of 108 82 #20 of 108 40 #65 of 108
Profitability 85 #16 of 104 64 #38 of 104 87 #14 of 104
Financial Health 32 #79 of 116 75 #30 of 116 30 #82 of 116
Shareholder Returns 65 #29 of 80 98 #3 of 80 80 #17 of 80
Overall 51 75 53
  • ATEN ranked among 121 companies in Computer Hardware
  • CALX ranked among 121 companies in Computer Hardware
  • CSCO ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodATENCALXCSCOSPY
1 month -14.9%+4.0%-9.4% -2.3%
3 months -21.5%-3.2%-12.3% -0.7%
6 months -13.0%-16.7%+9.7% +4.8%
Year to date +33.0%-31.6%+31.9% +10.3%
1 year +31.9%-47.1%+39.0% +10.3%
3 years +115.3%+1.7%+91.7% +73.0%
3 years, per year +29.1%+0.6%+24.2% +20.1%
5 years +47.8%-50.0%+76.3% +61.9%
5 years, per year +8.1%-13.0%+12.0% +10.1%
10 years +208.4%+444.2%+234.4% +258.6%
10 years, per year +11.9%+18.5%+12.8% +13.6%

Risk

MeasureATENCALXCSCOSPY
Volatility, 1Y 40.4%40.8%35.9% 12.8%
Downside volatility, 1Y 43.3%44.0%37.6% 12.8%
Beta vs S&P 500, 1Y 1.150.981.16 1.00
Return / volatility, 1Y 0.79-1.161.09 0.80
Max drawdown, 5Y -44.6%-65.3%-38.6% -25.4%
From 52-week high -38.3%-46.2%-21.8% -3.5%
52-week high $38.14$67.24$130.00 $779.14
52-week low $16.55$33.15$71.04 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleATENCALXCSCO
P/E now vs peer median 39.5xmedian 29.9x 44.9xmedian 29.9x 30.3xmedian 29.9x
P/S now vs peer median 5.5xmedian 2.8x 2.1xmedian 2.8x 6.3xmedian 2.8x
EV/EBITDA now vs peer median 23.6xmedian 18.5x 26.3xmedian 18.5x 23.1xmedian 18.5x
P/FCF now vs peer median 28.0xmedian 28.0x 26.7xmedian 28.0x 31.4xmedian 28.0x
P/B now vs peer median 7.2xmedian 2.8x 3.2xmedian 2.8x 8.0xmedian 2.8x
PEG now vs peer median -18.40median 1.00 6.35median 1.00 11.24median 1.00

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsATENCALXCSCO
Revenue $310.17M $1.11B $63.33B
Gross profit $246.21M $628.73M $40.86B
Operating income $50.08M $61.25M $15.37B
Net income $42.97M $51.19M $13.27B
Free cash flow $60.94M $85.42M $12.77B
R&D $77.12M $207.99M $9.56B
EPS (diluted) $0.57 $0.78 $3.33
Cash & equivalents $54.70M $68.91M $7.22B
Total debt $219.52M – $29.53B
Shares (diluted) 75.65M 65.51M 3.99B
Enterprise value $228.97M $1.11B $336.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricATENCALXCSCO
P/E 39.5x 44.9x 30.3x
P/FCF 28.0x 26.7x 31.4x
P/Operating cash flow 22.2x 20.8x 28.3x
P/S 5.5x 2.1x 6.3x
P/B 7.2x 3.2x 8.0x
P/Tangible book 7.6x 3.2x 9.4x
EV/EBITDA 23.6x 26.3x 23.1x
EV/EBIT 31.3x 34.0x 27.0x
EV/Revenue 5.1x 1.9x 6.5x
EV/FCF 25.7x 24.4x 32.5x
EV/Operating cash flow 20.4x 19.0x 29.2x
PEG (3Y EPS CAGR) -18.40 6.35 11.24

Growth

14 metrics
MetricATENCALXCSCO
Revenue growth (1Y) 12.2% 27.8% 11.8%
Revenue CAGR (3Y) 4.3% 3.9% 3.6%
Gross profit growth (1Y) 11.7% 30.3% 11.1%
Gross profit CAGR (3Y) 4.0% 7.4% 4.6%
Operating income growth (1Y) 4.5% 273.3% 30.7%
Operating income CAGR (3Y) -0.2% 3.8% 0.7%
Net income growth (1Y) -15.8% 290.5% 30.3%
Net income CAGR (3Y) -2.1% 4.9% 1.7%
EPS growth (1Y) -18.6% 287.6% 30.7%
EPS CAGR (3Y) -2.1% 7.1% 2.7%
Operating cash flow growth (1Y) -9.8% 24.5% -0.1%
Operating cash flow CAGR (3Y) 8.6% 41.8% -10.7%
Free cash flow growth (1Y) -13.7% 19.4% -3.9%
Free cash flow CAGR (3Y) 7.4% 62.0% -12.5%

Profitability

14 metrics
MetricATENCALXCSCO
Gross margin 79.4% 56.6% 64.5%
EBITDA margin 21.4% 7.1% 28.3%
Operating margin 16.1% 5.5% 24.3%
Pretax margin 17.5% 6.5% 25.3%
Net margin 13.9% 4.6% 21.0%
FCF margin 19.6% 7.7% 20.2%
Operating cash flow margin 24.8% 9.9% 22.4%
Return on equity 18.7% 7.1% 26.8%
Return on assets 6.5% 5.4% 10.4%
Return on invested capital 8.9% – 15.9%
Return on capital employed 17.8% 8.2% 17.9%
Asset turnover 0.5x 1.2x 0.5x
Cash conversion (OCF / net income) 1.8x 2.1x 1.1x
Stock comp / revenue 7.5% 7.2% 6.0%

Financial Health

11 metrics
MetricATENCALXCSCO
Debt / assets 32.4% – 22.8%
Debt / equity 0.9x – 0.6x
Net debt / EBITDA -2.1x – 0.8x
Debt / FCF 3.6x – 2.3x
Liabilities / assets 64.9% 25.6% 61.2%
Equity / assets 35.1% 74.4% 38.8%
Interest coverage – – 10.5x
Current ratio 1.3x 2.8x 0.9x
Quick ratio 1.1x 1.6x 0.6x
Cash ratio 1.0x 0.9x 0.4x
Altman Z-score 3.27 6.95 3.90

Shareholder Returns

7 metrics
MetricATENCALXCSCO
Dividend yield 1.0% – 1.6%
Net buyback yield 1.2% 8.4% 1.4%
Shareholder yield 2.3% 8.4% 3.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusATENCALXCSCO
Forward P/E 23.5xFY2026 22.3xFY2026 21.4xFY2027
EPS, next fiscal year $1.00FY2026 $1.62FY2026 $4.74FY2027
EPS growth, next FY +11.1%FY2026 +20.9%FY2026 +9.5%FY2027
EPS growth, the year after +13.0% +48.1% +20.7%
Revenue, next fiscal year $342.96MFY2026 $1.11BFY2026 $74.93BFY2027
Revenue growth, next FY +18.0%FY2026 +11.0%FY2026 +18.3%FY2027
Revenue growth, the year after +3.4% +18.8% +0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersATENCALXCSCO
Held by institutions 100.0% 94.5% 80.1%
Institutions holding 312 290 4,048
Change in shares held, QoQ +5.8% +0.5% +5.0%
Institutions buying 172 148 1,848
Institutions selling 99 111 1,818
Buyers to sellers 1.74 1.33 1.02

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ATENCALXCSCO
ATEN 1.00 0.22 0.38
CALX 0.22 1.00 0.22
CSCO 0.38 0.22 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ATEN, CALX and CSCO?

Cisco Systems (CSCO) is the largest by market capitalisation: A10 Networks (ATEN) $1.70B, Calix (CALX) $2.28B, Cisco Systems (CSCO) $400.95B.

Which stock is cheaper, ATEN, CALX and CSCO?

Cisco Systems (CSCO) trades on the lowest price-to-earnings ratio (A10 Networks (ATEN) 39.5x, Calix (CALX) 44.9x, Cisco Systems (CSCO) 30.3x). On next year's consensus earnings, Cisco Systems (CSCO) is cheapest (A10 Networks (ATEN) 23.5x, Calix (CALX) 22.3x, Cisco Systems (CSCO) 21.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Calix (CALX) grew revenue fastest over the trailing twelve months: A10 Networks (ATEN) +12.2%, Calix (CALX) +27.8%, Cisco Systems (CSCO) +11.8%.

Which company is more profitable?

Cisco Systems (CSCO) has the highest net margin (A10 Networks (ATEN) 13.9%, Calix (CALX) 4.6%, Cisco Systems (CSCO) 21.0%). On return on invested capital, Cisco Systems (CSCO) leads (A10 Networks (ATEN) 8.9%, Cisco Systems (CSCO) 15.9%).

Which stock has performed better?

Over the past year Cisco Systems (CSCO) returned the most: A10 Networks (ATEN) +31.9%, Calix (CALX) -47.1%, Cisco Systems (CSCO) +39.0%. Over five years, Cisco Systems (CSCO) compounded fastest (A10 Networks (ATEN) +8.1%/yr, Calix (CALX) -13.0%/yr, Cisco Systems (CSCO) +12.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Cisco Systems (CSCO) has the highest dividend yield: A10 Networks (ATEN) 1.02%, Cisco Systems (CSCO) 1.64%. Calix (CALX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cisco Systems (CSCO) has been the steadiest (A10 Networks (ATEN) 40.4%, Calix (CALX) 40.8%, Cisco Systems (CSCO) 35.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ATEN, CALX and CSCO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cisco Systems (CSCO) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.