A10 Networks Inc

ATEN

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Technology
USA
Mid Cap

A10 Networks Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

4.32%

Impure Income*

$0.035

Purification*

$0.143

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
$35.60
6
13.40%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
16.22%
14.50%
3.43
3.56
15.57%

Shariah Compliance

Debt
9.31%
Non-Compliant Assets
13.25%
Impure Income
4.32%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
17.95%
Impure Income
4.32%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
16.53%
Impure Income
4.32%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
34.54%
Cash
9.13%
Cash & AR
20.01%
Impure Income
4.32%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
34.54%
Cash
9.13%
Cash & AR
20.01%
Impure Income
4.32%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
4.32%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

A10 Networks, Inc. is a global provider of secure application and network infrastructure solutions that enable enterprises and service providers to deliver protected digital services across on-premises, hybrid cloud, and distributed environments. The Company provides integrated capabilities spanning application delivery, traffic management, distributed denial of service (DDoS) protection, application and application programming interfaces (API) security, and centralized management. Its portfolio consists of network infrastructure and security products. Its secure infrastructure solutions include Thunder Application Delivery Controller (ADC), Thunder Carrier Grade Networking (CGN), Thunder SSL Insight (SSLi) and Thunder Convergent Firewall (CFW). Its security products include A10 Defend Threat Control, A10 Defend Orchestrator, A10 Defend Detector, A10 Defend Mitigator and A10 Defend ThreatX Protect. Its customers include service providers, government organizations, and enterprises.