ATEN vs CALX vs DOX Stock Comparison

A10 Networks, Calix and Amdocs Prices as of Nov 5, 2026 Peers: Industry group
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ATEN A10 Networks, Inc.
$22.61 -20.9% 1M +24.7% 1Y
Market cap
$1.78B
P/E
41.4x
Revenue (TTM)
$310.17M
Div. yield
–
Networking Equipment Technology
4 wins
CALX Calix, Inc
$31.86 -9.6% 1M -52.6% 1Y
Market cap
$1.92B
P/E
41.9x
Revenue (TTM)
$1.15B
Div. yield
–
Networking Equipment Technology
2 wins
DOX Amdocs Ltd
$43.83 -25.1% 1M -47.8% 1Y
Market cap
$4.68B
P/E
9.3x
Revenue (TTM)
$4.70B
Div. yield
–
Networking Equipment Technology
4 wins

Head to Head

10 decided of 12

Amdocs leads on 4 of the 12 questions below (Amdocs 4, A10 Networks 4, Calix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionATENCALXDOXLeader
Larger companyMarket capitalisation $1.78B $1.92B $4.68B DOX
Cheaper on earningsLower P/E, profitable companies only 41.4x 41.9x 9.3x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.6x 19.1x 5.3x DOX
Faster revenue growthRevenue growth, trailing twelve months +12.2% +22.9% +3.6% CALX
More profitableNet margin, trailing twelve months 13.9% 4.0% 10.7% ATEN
Better return on capitalReturn on invested capital 8.9% — 12.6% DOX
Less leveragedLower net debt / EBITDA -2.1x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +24.7% -52.6% -47.8% ATEN
Better 5-year returnAnnualised price return, 5 years +6.4%/yr -14.9%/yr -10.4%/yr ATEN
Less volatileAnnualised volatility, 1 year 40.6% 41.8% 46.7% ATEN
Higher overall scoreMean of the five percentile scores vs peers 49/100 71/100 66/100 CALX

Percentile Scorecard

ATENCALXDOX

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

AxisATENCALXDOX
Valuation 35 #73 of 112 50 #57 of 112 90 #12 of 112
Growth 26 #80 of 108 69 #34 of 108 35 #71 of 108
Profitability 83 #19 of 104 59 #43 of 104 85 #16 of 104
Financial Health 36 #75 of 116 75 #30 of 116 31 #80 of 116
Shareholder Returns 65 #30 of 83 100 #1 of 83 90 #9 of 83
Overall 49 71 66
  • ATEN ranked among 121 companies in Computer Hardware
  • CALX ranked among 121 companies in Computer Hardware
  • DOX ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodATENCALXDOXSPY
1 month -20.9%-9.6%-25.1% -5.9%
3 months -18.1%-14.9%-25.9% -4.6%
6 months -17.1%-26.8%-32.7% +0.2%
Year to date +27.8%-39.8%-45.6% +7.5%
1 year +24.7%-52.6%-47.8% +8.2%
3 years +105.7%-10.5%-47.3% +68.3%
3 years, per year +27.2%-3.6%-19.2% +19.0%
5 years +36.5%-55.2%-42.1% +56.5%
5 years, per year +6.4%-14.9%-10.4% +9.4%
10 years +203.9%+382.7%-24.7% +251.5%
10 years, per year +11.8%+17.1%-2.8% +13.4%

Risk

MeasureATENCALXDOXSPY
Volatility, 1Y 40.6%41.8%46.7% 13.6%
Downside volatility, 1Y 43.8%45.9%60.7% 14.2%
Beta vs S&P 500, 1Y 1.110.99-0.13 1.00
Return / volatility, 1Y 0.61-1.26-1.02 0.60
Max drawdown, 5Y -44.6%-65.3%-55.8% -25.4%
From 52-week high -40.7%-52.6%-48.7% -5.9%
52-week high $38.14$67.18$85.49 $779.14
52-week low $16.55$31.86$43.66 $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.

MultipleATENCALXDOX
P/E now vs peer median 38.0xmedian 25.2x 43.7xmedian 25.2x 9.7xmedian 25.2x
P/S now vs peer median 5.3xmedian 2.4x 1.7xmedian 2.4x 1.0xmedian 2.4x
EV/EBITDA now vs peer median 22.6xmedian 16.2x 23.2xmedian 16.2x —median 16.2x
P/FCF now vs peer median 26.9xmedian 23.4x 31.7xmedian 23.4x 3.4xmedian 23.4x
P/B now vs peer median 6.9xmedian 2.3x 2.8xmedian 2.3x 1.4xmedian 2.3x
PEG now vs peer median -17.68median 0.98 41.08median 0.98 179.38median 0.98

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 monthsATENCALXDOX
Revenue $310.17M $1.15B $4.70B
Gross profit $246.21M $637.49M $1.79B
Operating income $50.08M $60.39M $682.94M
Net income $42.97M $45.75M $501.24M
Free cash flow $60.94M $62.16M $1.38B
R&D $77.12M $215.00M $335.46M
EPS (diluted) $0.57 $0.71 $4.57
Cash & equivalents $54.70M $55.89M $197.05M
Total debt $219.52M – $946.99M
Shares (diluted) 75.65M 64.45M 109.66M
Enterprise value $304.34M $937.84M $3.81B

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
MetricATENCALXDOX
P/E 38.0x 43.7x 9.7x
P/FCF 26.9x 31.7x 3.4x
P/Operating cash flow 21.3x 23.6x 4.0x
P/S 5.3x 1.7x 1.0x
P/B 6.9x 2.8x 1.4x
P/Tangible book 7.3x 2.8x 1.4x
EV/EBITDA 22.6x 23.2x –
EV/EBIT 30.0x 30.0x 8.1x
EV/Revenue 4.8x 1.6x 1.2x
EV/FCF 24.6x 29.2x 4.0x
EV/Operating cash flow 19.5x 21.7x 4.6x
PEG (3Y EPS CAGR) -17.68 41.08 179.38

Growth

14 metrics
MetricATENCALXDOX
Revenue growth (1Y) 12.2% 22.9% 3.6%
Revenue CAGR (3Y) 4.3% 4.0% -1.3%
Gross profit growth (1Y) 11.7% 21.6% 4.0%
Gross profit CAGR (3Y) 4.0% 6.4% 1.2%
Operating income growth (1Y) 4.5% 958.5% -6.7%
Operating income CAGR (3Y) -0.2% 6.0% 1.5%
Net income growth (1Y) -15.8% 730.9% -11.7%
Net income CAGR (3Y) -2.1% -1.5% -2.6%
EPS growth (1Y) -18.6% 783.2% -11.2%
EPS CAGR (3Y) -2.1% 1.1% 0.1%
Operating cash flow growth (1Y) -9.8% -19.9% 60.4%
Operating cash flow CAGR (3Y) 8.6% 20.7% 13.5%
Free cash flow growth (1Y) -13.7% -27.3% 62.2%
Free cash flow CAGR (3Y) 7.4% 29.3% 13.5%

Profitability

14 metrics
MetricATENCALXDOX
Gross margin 79.4% 55.6% 38.1%
EBITDA margin 21.4% 6.8% –
Operating margin 16.1% 5.3% 14.5%
Pretax margin 17.5% 6.1% 13.5%
Net margin 13.9% 4.0% 10.7%
FCF margin 19.6% 5.4% 29.5%
Operating cash flow margin 24.8% 7.3% 25.6%
Return on equity 18.7% 6.5% 15.0%
Return on assets 6.5% 4.9% 7.8%
Return on invested capital 8.9% – 12.6%
Return on capital employed 17.8% 8.0% 14.6%
Asset turnover 0.5x 1.2x 0.7x
Cash conversion (OCF / net income) 1.8x 1.8x 2.4x
Stock comp / revenue 7.5% 7.0% –

Financial Health

11 metrics
MetricATENCALXDOX
Debt / assets 32.4% – 14.8%
Debt / equity 0.9x – 0.3x
Net debt / EBITDA -2.1x – –
Debt / FCF 3.6x – 0.7x
Liabilities / assets 64.9% 24.1% 47.9%
Equity / assets 35.1% 75.9% 52.1%
Interest coverage – – –
Current ratio 1.3x 3.0x 0.9x
Quick ratio 1.1x 1.5x 0.1x
Cash ratio 1.0x 0.8x 0.1x
Altman Z-score 3.18 6.80 –

Shareholder Returns

7 metrics
MetricATENCALXDOX
Dividend yield 1.1% – 5.1%
Net buyback yield 1.3% 12.6% –
Shareholder yield 2.4% 12.6% 5.1%
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.

ConsensusATENCALXDOX
Forward P/E 22.6xFY2026 19.1xFY2026 5.3xFY2027
EPS, next fiscal year $1.00FY2026 $1.67FY2026 $8.24FY2027
EPS growth, next FY +11.1%FY2026 +24.6%FY2026 +11.2%FY2027
EPS growth, the year after +13.0% +56.3% +15.7%
Revenue, next fiscal year $342.96MFY2026 $1.11BFY2026 $4.68BFY2027
Revenue growth, next FY +18.0%FY2026 +11.0%FY2026 -0.4%FY2027
Revenue growth, the year after +3.4% +19.6% +9.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersATENCALXDOX
Held by institutions 100.0% 94.5% 93.0%
Institutions holding 312 290 448
Change in shares held, QoQ +5.8% +0.5% +0.5%
Institutions buying 172 148 250
Institutions selling 99 111 153
Buyers to sellers 1.74 1.33 1.63

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.

ATENCALXDOX
ATEN 1.00 0.20 -0.01
CALX 0.20 1.00 0.04
DOX -0.01 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ATEN, CALX and DOX?

Amdocs (DOX) is the largest by market capitalisation: A10 Networks (ATEN) $1.78B, Calix (CALX) $1.92B, Amdocs (DOX) $4.68B.

Which stock is cheaper, ATEN, CALX and DOX?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (A10 Networks (ATEN) 41.4x, Calix (CALX) 41.9x, Amdocs (DOX) 9.3x). On next year's consensus earnings, Amdocs (DOX) is cheapest (A10 Networks (ATEN) 22.6x, Calix (CALX) 19.1x, Amdocs (DOX) 5.3x). 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) +22.9%, Amdocs (DOX) +3.6%.

Which company is more profitable?

A10 Networks (ATEN) has the highest net margin (A10 Networks (ATEN) 13.9%, Calix (CALX) 4.0%, Amdocs (DOX) 10.7%). On return on invested capital, Amdocs (DOX) leads (A10 Networks (ATEN) 8.9%, Amdocs (DOX) 12.6%).

Which stock has performed better?

Over the past year A10 Networks (ATEN) returned the most: A10 Networks (ATEN) +24.7%, Calix (CALX) -52.6%, Amdocs (DOX) -47.8%. Over five years, A10 Networks (ATEN) compounded fastest (A10 Networks (ATEN) +6.4%/yr, Calix (CALX) -14.9%/yr, Amdocs (DOX) -10.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, A10 Networks (ATEN) has been the steadiest (A10 Networks (ATEN) 40.6%, Calix (CALX) 41.8%, Amdocs (DOX) 46.7%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amdocs (DOX) leads on 4. 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.