AMD
Advanced Micro Devices, Inc.
AMD has the edge over ATEN overall, supported by stronger valuation and stronger fundamentals.
ATEN
A10 Networks, Inc.
ATEN has lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
ATEN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
ATEN's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
AMD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 39x | $585 | — |
| Cheap | 40x | $182 | -69% |
| Fair | 112x | $514 | -12% |
| Current | 127x | $585 | — |
| Expensive | 206x | $947 | +62% |
Historical ranges are pointers, not guarantees.
AMD's PE is in its fair range at 127x. If earnings grow as analysts expect, today's price would be 39x next year's earnings, in its cheap range.
ATEN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $11.50 | -61% |
| Forward | 24x | $29.30 | — |
| Fair | 26x | $16.77 | -43% |
| Current | 45x | $29.30 | — |
| Expensive | 47x | $30.25 | +3.2% |
Historical ranges are pointers, not guarantees.
ATEN has the edge over AMD in the historical PE scenario, which offers more potential upside but is not a forecast.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
ATEN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ATEN, with profitability improving.
AMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.05 | +227% |
| Q3 2026 | $4.60 | +127% |
| Q2 2026 | $3.89 | +122% |
| Q1 2026 | $3.05 | +123% |
| Q4 2025 | $2.65 | +165% |
| Q3 2025 | $2.03 | +81% |
| Q2 2025 | $1.75 | +111% |
| Q1 2025 | $1.37 | +99% |
| Q4 2024 | $1.00 | +89% |
AMD has the edge over ATEN on earnings, with more consistent year-over-year improvement.
ATEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.20 | +85% |
| Q3 2026 | $0.65 | -4.4% |
| Q2 2026 | $0.59 | -13% |
| Q1 2026 | $0.61 | -9% |
| Q4 2025 | $0.57 | -15% |
| Q3 2025 | $0.68 | +1.5% |
| Q2 2025 | $0.68 | +15% |
| Q1 2025 | $0.67 | +9.8% |
| Q4 2024 | $0.67 | +26% |
ATEN's earnings per share have fallen from their peak: $0.65 over the past year, against $1.28 in mid-2022.
AMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
| Q4 2024 | $7.7B | +24% |
AMD has the edge over ATEN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +7.4 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 14% | +3.6 points |
| Q4 2025 | 17% | +5.7 points |
| Q3 2025 | 14% | +3.1 points |
| Q2 2025 | -1.7% | -6.4 points |
| Q1 2025 | 11% | +10 points |
| Q4 2024 | 11% | +5.8 points |
AMD has the edge over ATEN on profitability, with a higher operating margin.
ATEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $91.5M | +23% |
| Q2 2026 | $80.1M | +15% |
| Q1 2026 | $75M | +13% |
| Q4 2025 | $80.4M | +8.3% |
| Q3 2025 | $74.7M | +12% |
| Q2 2025 | $69.4M | +15% |
| Q1 2025 | $66.1M | +9% |
| Q4 2024 | $74.2M | +5.4% |
ATEN's revenue has grown year over year for nine quarters in a row: $92M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +2.6 points |
| Q2 2026 | 11% | -3.6 points |
| Q1 2026 | 17% | +4.1 points |
| Q4 2025 | 19% | -6.1 points |
| Q3 2025 | 17% | +1.7 points |
| Q2 2025 | 15% | +1.7 points |
| Q1 2025 | 13% | +1.4 points |
| Q4 2024 | 25% | -0.8 points |
ATEN's operating margin was 20% last quarter, up 2.6 points from the same quarter a year ago.
AMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $554M | -71% |
| Q2 2026 | $1.6B | -9.9% |
| Q1 2026 | $2.6B | +253% |
| Q4 2025 | $2.4B | +118% |
| Q3 2025 | $1.9B | +283% |
| Q2 2025 | $1.7B | +294% |
| Q1 2025 | $727M | +92% |
| Q4 2024 | $1.1B | +351% |
AMD has the edge over ATEN on cash flow, with more consistent year-over-year improvement.
ATEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.7M | +70% |
| Q2 2026 | $27.5M | +53% |
| Q1 2026 | -$689K | -105% |
| Q4 2025 | $16M | -31% |
| Q3 2025 | $18.1M | +8.5% |
| Q2 2025 | $17.9M | +106% |
| Q1 2025 | $12.7M | -57% |
| Q4 2024 | $23.3M | +$23.7M |
ATEN generated $74M in free cash flow over the past year, up 2.1% from the year before.
AMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +2M shares |
| 1 year | +1.2% | +20M shares |
| 3 years | +2% | +32M shares |
| 5 years | +35% | +431M shares |
| Available history | +40% | +473M shares |
AMD has the edge over ATEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $221M |
| Q4 2025 | — |
| Q3 2025 | $89M |
| Q2 2025 | $478M |
| Q1 2025 | $749M |
| Q4 2024 | $256M |
AMD has spent almost nothing on buybacks in the past year.
ATEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +51K shares |
| 1 year | +3.6% | +2.7M shares |
| 3 years | -0.1% | -105K shares |
| 5 years | -5.3% | -4.2M shares |
| Available history | -0.5% | -378K shares |
ATEN has 76M diluted shares, up 3.6% from a year ago, despite $35M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $23M |
| Q2 2026 | $2.4M |
| Q1 2026 | $2.5M |
| Q4 2025 | $6.9M |
| Q3 2025 | $11M |
| Q2 2025 | $3.9M |
| Q1 2025 | $47M |
| Q4 2024 | $5.8M |
ATEN spent $35M buying back its own shares over the past year, down 49% from the year before.
AMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | -1.0x | Net Cash |
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
AMD has more cash than debt.
ATEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Healthy |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 2.4x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
ATEN's net debt is about 2.0 years of its operating earnings (EBITDA), about the same as a year ago.
AMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 41.4 | Neutral |
AMD's weekly RSI is 59 (neutral) and its Stochastic is 41 (neutral).
ATEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 41.5 | Neutral |
ATEN's weekly RSI is 56 (neutral) and its Stochastic is 41 (neutral).
AMD PE vs Technology Sector
| Metric | AMD | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 28x | 357% above |
| PE % | 61 | 35 | 26 pts above |
AMD is trading at 127x earnings, a 357% premium to the Technology sector's median of 28x.
ATEN PE vs Technology Sector
| Metric | ATEN | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 28x | 62% above |
| PE % | 80 | 35 | 45 pts above |
ATEN has the edge over AMD on valuation relative to its sector.
AMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $557.2 | 5.1% above |
| 20 week MA | $525.9 | 11% above |
| 50 week MA | $389.7 | 50% above |
| 100 week MA | $266.9 | 119% above |
| 200 week MA | $199.6 | 193% above |
AMD is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
ATEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.4 | 11% above |
| 20 week MA | $28.3 | 3.5% above |
| 50 week MA | $25.3 | 16% above |
| 100 week MA | $21.7 | 35% above |
| 200 week MA | $17.9 | 64% above |
ATEN is in an uptrend: it's above all five of its weekly moving averages, and 64% above its 200-week average.
AMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.2 | $91.8 | +99% |
| 2021 | $91.8 | $146.1 | +59% |
| 2022 | $146.1 | $64.5 | -56% |
| 2023 | $64.5 | $147.4 | +128% |
| 2024 | $147.4 | $125.2 | -15% |
| 2025 | $125.2 | $215.0 | +72% |
| 2026 YTD | $215.0 | $585.3 | +172% |
AMD has the edge over ATEN on returns for 2026, with the stronger performance.
ATEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.86 | $9.96 | +45% |
| 2021 | $9.96 | $16.3 | +63% |
| 2022 | $16.3 | $17.0 | +4.7% |
| 2023 | $17.0 | $13.2 | -23% |
| 2024 | $13.2 | $18.6 | +41% |
| 2025 | $18.6 | $18.1 | -2.7% |
| 2026 YTD | $18.1 | $29.3 | +62% |
ATEN has finished higher in four of the last six years. It's up 62% so far in 2026.