Software - Infrastructure
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4 / 10Stock Comparison
ATEN vs NTCT vs FFIV vs VIAV
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Infrastructure
Software - Infrastructure
Communication Equipment
ATEN vs NTCT vs FFIV vs VIAV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure | Software - Infrastructure | Communication Equipment |
| Market Cap | $1.96B | $2.77B | $19.50B | $11.81B |
| Revenue (TTM) | $299M | $861M | $3.22B | $1.37B |
| Net Income (TTM) | $45M | $96M | $708M | $-55M |
| Gross Margin | 79.3% | 79.2% | 81.9% | 55.7% |
| Operating Margin | 17.2% | 12.8% | 24.6% | 8.2% |
| Forward P/E | 26.4x | 15.9x | 20.9x | 55.2x |
| Total Debt | $223M | $76M | $493M | $692M |
| Cash & Equiv. | $71M | $457M | $1.34B | $424M |
ATEN vs NTCT vs FFIV vs VIAV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| A10 Networks, Inc. (ATEN) | 100 | 400.9 | +300.9% |
| NetScout Systems, I… (NTCT) | 100 | 139.4 | +39.4% |
| F5, Inc. (FFIV) | 100 | 238.1 | +138.1% |
| Viavi Solutions Inc. (VIAV) | 100 | 440.5 | +340.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ATEN vs NTCT vs FFIV vs VIAV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ATEN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.99, yield 0.9%
- Rev growth 11.0%, EPS growth -14.9%, 3Y rev CAGR 1.2%
- Lower volatility, beta 0.99, current ratio 3.56x
- Beta 0.99, yield 0.9%, current ratio 3.56x
NTCT is the clearest fit if your priority is value.
- Lower P/E (15.9x vs 55.2x)
FFIV is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 1.12 vs VIAV's 12.09
- 22.0% margin vs VIAV's -4.0%
- 11.2% ROA vs VIAV's -2.3%, ROIC 21.8% vs 5.5%
VIAV is the clearest fit if your priority is long-term compounding.
- 7.2% 10Y total return vs ATEN's 366.2%
- +466.6% vs FFIV's +29.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.0% revenue growth vs NTCT's -0.8% | |
| Value | Lower P/E (15.9x vs 55.2x) | |
| Quality / Margins | 22.0% margin vs VIAV's -4.0% | |
| Stability / Safety | Beta 0.99 vs VIAV's 1.54 | |
| Dividends | 0.9% yield; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +466.6% vs FFIV's +29.0% | |
| Efficiency (ROA) | 11.2% ROA vs VIAV's -2.3%, ROIC 21.8% vs 5.5% |
ATEN vs NTCT vs FFIV vs VIAV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ATEN vs NTCT vs FFIV vs VIAV — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
FFIV leads in 2 of 6 categories
VIAV leads 2 • NTCT leads 1 • ATEN leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
FFIV leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FFIV is the larger business by revenue, generating $3.2B annually — 10.8x ATEN's $299M. FFIV is the more profitable business, keeping 22.0% of every revenue dollar as net income compared to VIAV's -4.0%. On growth, VIAV holds the edge at +42.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $299M | $861M | $3.2B | $1.4B |
| EBITDAEarnings before interest/tax | $63M | $171M | $867M | $207M |
| Net IncomeAfter-tax profit | $45M | $96M | $708M | -$55M |
| Free Cash FlowCash after capex | $51M | $275M | $963M | $46M |
| Gross MarginGross profit ÷ Revenue | +79.3% | +79.2% | +81.9% | +55.7% |
| Operating MarginEBIT ÷ Revenue | +17.2% | +12.8% | +24.6% | +8.2% |
| Net MarginNet income ÷ Revenue | +14.9% | +11.1% | +22.0% | -4.0% |
| FCF MarginFCF ÷ Revenue | +17.2% | +32.0% | +29.9% | +3.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +13.4% | -0.5% | +11.0% | +42.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +30.8% | +11.9% | +4.0% | -70.2% |
Valuation Metrics
NTCT leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 29.2x trailing earnings, FFIV trades at a 91% valuation discount to VIAV's 340.3x P/E. Adjusting for growth (PEG ratio), FFIV offers better value at 1.56x vs VIAV's 74.57x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2.0B | $2.8B | $19.5B | $11.8B |
| Enterprise ValueMkt cap + debt − cash | $2.1B | $2.4B | $18.6B | $12.1B |
| Trailing P/EPrice ÷ TTM EPS | 47.82x | -7.57x | 29.24x | 340.33x |
| Forward P/EPrice ÷ next-FY EPS est. | 26.40x | 15.87x | 20.93x | 55.18x |
| PEG RatioP/E ÷ EPS growth rate | 2.28x | — | 1.56x | 74.57x |
| EV / EBITDAEnterprise value multiple | 33.98x | — | 21.73x | 90.43x |
| Price / SalesMarket cap ÷ Revenue | 6.73x | 3.36x | 6.31x | 10.89x |
| Price / BookPrice ÷ Book value/share | 9.48x | 1.78x | 5.64x | 14.77x |
| Price / FCFMarket cap ÷ FCF | 30.19x | 13.11x | 21.51x | 190.52x |
Profitability & Efficiency
FFIV leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ATEN delivers a 21.2% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $-7 for VIAV. NTCT carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to ATEN's 1.05x. On the Piotroski fundamental quality scale (0–9), FFIV scores 8/9 vs VIAV's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +21.2% | +6.1% | +19.9% | -6.9% |
| ROA (TTM)Return on assets | +7.2% | +4.3% | +11.2% | -2.3% |
| ROICReturn on invested capital | +13.8% | -19.3% | +21.8% | +5.5% |
| ROCEReturn on capital employed | +11.7% | -18.5% | +17.3% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 8 | 5 |
| Debt / EquityFinancial leverage | 1.05x | 0.05x | 0.14x | 0.89x |
| Net DebtTotal debt minus cash | $151M | -$381M | -$852M | $269M |
| Cash & Equiv.Liquid assets | $71M | $457M | $1.3B | $424M |
| Total DebtShort + long-term debt | $223M | $76M | $493M | $692M |
| Interest CoverageEBIT ÷ Interest expense | 55.40x | 55.89x | — | 2.70x |
Total Returns (Dividends Reinvested)
VIAV leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VIAV five years ago would be worth $31,204 today (with dividends reinvested), compared to $14,293 for NTCT. Over the past 12 months, VIAV leads with a +466.6% total return vs FFIV's +29.0%. The 3-year compound annual growth rate (CAGR) favors VIAV at 77.7% vs NTCT's 9.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +57.5% | +42.6% | +34.4% | +181.3% |
| 1-Year ReturnPast 12 months | +62.4% | +80.5% | +29.0% | +466.6% |
| 3-Year ReturnCumulative with dividends | +103.5% | +30.3% | +155.5% | +461.0% |
| 5-Year ReturnCumulative with dividends | +210.0% | +42.9% | +87.2% | +212.0% |
| 10-Year ReturnCumulative with dividends | +366.2% | +66.6% | +238.7% | +715.5% |
| CAGR (3Y)Annualised 3-year return | +26.7% | +9.2% | +36.7% | +77.7% |
Risk & Volatility
Evenly matched — ATEN and FFIV each lead in 1 of 2 comparable metrics.
Risk & Volatility
ATEN is the less volatile stock with a 0.99 beta — it tends to amplify market swings less than VIAV's 1.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FFIV currently trades 99.3% from its 52-week high vs VIAV's 84.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.99x | 1.12x | 1.03x | 1.54x |
| 52-Week HighHighest price in past year | $28.59 | $39.24 | $347.47 | $60.43 |
| 52-Week LowLowest price in past year | $16.52 | $19.98 | $223.76 | $8.87 |
| % of 52W HighCurrent price vs 52-week peak | +95.3% | +97.6% | +99.3% | +84.5% |
| RSI (14)Momentum oscillator 0–100 | 57.7 | 68.6 | 69.3 | 66.7 |
| Avg Volume (50D)Average daily shares traded | 952K | 552K | 701K | 6.3M |
Analyst Outlook
VIAV leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: ATEN as "Buy", NTCT as "Hold", FFIV as "Hold", VIAV as "Buy". Consensus price targets imply -10.0% upside for FFIV (target: $311) vs -36.8% for VIAV (target: $32). ATEN is the only dividend payer here at 0.87% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $20.33 | $29.00 | $310.67 | $32.25 |
| # AnalystsCovering analysts | 20 | 21 | 61 | 19 |
| Dividend YieldAnnual dividend ÷ price | +0.9% | — | — | — |
| Dividend StreakConsecutive years of raises | 0 | — | — | 1 |
| Dividend / ShareAnnual DPS | $0.24 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.5% | +0.9% | +2.6% | +0.1% |
FFIV leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). VIAV leads in 2 (Total Returns, Analyst Outlook). 1 tied.
ATEN vs NTCT vs FFIV vs VIAV: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ATEN or NTCT or FFIV or VIAV a better buy right now?
For growth investors, A10 Networks, Inc.
(ATEN) is the stronger pick with 11. 0% revenue growth year-over-year, versus -0. 8% for NetScout Systems, Inc. (NTCT). F5, Inc. (FFIV) offers the better valuation at 29. 2x trailing P/E (20. 9x forward), making it the more compelling value choice. Analysts rate A10 Networks, Inc. (ATEN) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ATEN or NTCT or FFIV or VIAV?
On trailing P/E, F5, Inc.
(FFIV) is the cheapest at 29. 2x versus Viavi Solutions Inc. at 340. 3x. On forward P/E, NetScout Systems, Inc. is actually cheaper at 15. 9x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: F5, Inc. wins at 1. 12x versus Viavi Solutions Inc. 's 12. 09x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — ATEN or NTCT or FFIV or VIAV?
Over the past 5 years, Viavi Solutions Inc.
(VIAV) delivered a total return of +212. 0%, compared to +42. 9% for NetScout Systems, Inc. (NTCT). Over 10 years, the gap is even starker: VIAV returned +715. 5% versus NTCT's +66. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ATEN or NTCT or FFIV or VIAV?
By beta (market sensitivity over 5 years), A10 Networks, Inc.
(ATEN) is the lower-risk stock at 0. 99β versus Viavi Solutions Inc. 's 1. 54β — meaning VIAV is approximately 56% more volatile than ATEN relative to the S&P 500. On balance sheet safety, NetScout Systems, Inc. (NTCT) carries a lower debt/equity ratio of 5% versus 105% for A10 Networks, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — ATEN or NTCT or FFIV or VIAV?
By revenue growth (latest reported year), A10 Networks, Inc.
(ATEN) is pulling ahead at 11. 0% versus -0. 8% for NetScout Systems, Inc. (NTCT). On earnings-per-share growth, the picture is similar: Viavi Solutions Inc. grew EPS 225. 0% year-over-year, compared to -144. 4% for NetScout Systems, Inc.. Over a 3-year CAGR, FFIV leads at 4. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ATEN or NTCT or FFIV or VIAV?
F5, Inc.
(FFIV) is the more profitable company, earning 22. 4% net margin versus -44. 6% for NetScout Systems, Inc. — meaning it keeps 22. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FFIV leads at 24. 8% versus -44. 7% for NTCT. At the gross margin level — before operating expenses — FFIV leads at 81. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ATEN or NTCT or FFIV or VIAV more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, F5, Inc. (FFIV) is the more undervalued stock at a PEG of 1. 12x versus Viavi Solutions Inc. 's 12. 09x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, NetScout Systems, Inc. (NTCT) trades at 15. 9x forward P/E versus 55. 2x for Viavi Solutions Inc. — 39. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FFIV: -10. 0% to $310. 67.
08Which pays a better dividend — ATEN or NTCT or FFIV or VIAV?
In this comparison, ATEN (0.
9% yield) pays a dividend. NTCT, FFIV, VIAV do not pay a meaningful dividend and should not be held primarily for income.
09Is ATEN or NTCT or FFIV or VIAV better for a retirement portfolio?
For long-horizon retirement investors, A10 Networks, Inc.
(ATEN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 99), 0. 9% yield, +366. 2% 10Y return). Both have compounded well over 10 years (ATEN: +366. 2%, NTCT: +66. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ATEN and NTCT and FFIV and VIAV?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
ATEN pays a dividend while NTCT, FFIV, VIAV do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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