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AAOIFI No. 21 screening

Is ATEN halal?

A10 Networks, Inc.

Halal

A10 Networks, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 15 October 2026

Exchange

NYSE

Price

25.39

Day

-6.14%

Market cap

$1.88B

Industry

Software - Infrastructure

Sector

Technology

What the company does

A10 Networks makes application-delivery and security appliances (load balancing, DDoS protection) for telecom operators and enterprises. Its money comes from hardware sales and subscriptions.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

  • Business activity

    No prohibited activity

  • Interest-bearing debt / market cap

    limit 30%

    Interest-bearing debt $219.52M ÷ 36-month average market cap $1.36B = 16.1%

    16.1%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $357.35M ÷ 36-month average market cap $1.36B = 26.2%

    26.2%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $11.63M ÷ annual revenue $290.56M (2025) = 4.0%

    4.0%

    Pass

Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $1.88B.

For information (AAOIFI 3/1 note): cash + receivables are 63.4% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500
Not in the S&P 500
Among halal stocks
0.00% · #784 of 1454

Halal stocks in the same industry

The largest halal stocks in Software - Infrastructure — for comparison.

Related articles

Halal is the first question. The second: when to enter?

Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.

This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.

Earnings historyATEN's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →