In today’s briefing:
- Part Six: Commodities: Priced for a Downturn
- ATEN: No Fear of a Warning
Part Six: Commodities: Priced for a Downturn
- The clouds of recession and economic slowdown loom over the horizon, casting a bearish shadow on commodity markets.
- Yet, despite many reasons for pessimism, commodity prices have begun to show signs of resilience last week.
- Even though a sustained long-term rally remains uncertain, the current environment seems ripe for a short-term bounce or mean reversion.
ATEN: No Fear of a Warning
- A10 Networks (ATEN) not warning about missing consensus estimates is a positive, but not enough for a victory lap after a volatile 2023
- The fourth quarter was of particular importance since the Company had reported third quarter revenue materially below estimates
- Service providers represented 50 percent of ATEN’s third quarter revenue compared to 67 percent in prior years. Throughout 2023 this customer base was not consistent with their purchasing
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