BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

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A10 Networks (ATEN) is benefiting from increased attention on network security. An increase in data traffic only intensifies the need for security, which is where ATEN is likely to win more customers. ATEN reported second quarter revenue growing by 12.7 percent from the year ago period even though a bigger portion of revenue is recurring.</li></ul> <ul type="disc"><li>ATEN generated $59.2 million in revenue in the second quarter, up from $52.5 million in the year ago period. We had been expecting revenue of $58.2 million.</li></ul> <ul type="disc"><li>The Company introduced cloud solutions and has been ramping sales of these solutions this year. Software remains a minority portion of revenue. The Company has been maintaining subdued revenue growth expectations this year as a result of the transition away from hardware.</li></ul> <ul type="disc"><li>Leverage in the operating model coupled with growth in revenue for the remainder of the year is poised to point ATEN on a trajectory to post non-GAAP EPS of $0.70 in 2022.</li></ul> <ul type="disc"><li>Our price target is now $17 from $13.50.</li></ul>


A10 Networks (ATEN) is benefiting from increased attention on network security. An increase in data traffic only intensifies the need for security, which is where ATEN is likely to win more customers. ATEN reported second quarter revenue growing by 12.7 percent from the year ago period even though a bigger portion of revenue is recurring. ATEN generated $59.2 million in revenue in the second quarter, up from $52.5 million in the year ago period. We had been expecting revenue of $58.2 million. The Company introduced cloud solutions and has been ramping sales of these solutions this year. Software remains a minority portion of revenue. The Company has been maintaining subdued revenue growth expectations this year as a result of the transition away from hardware. Leverage in the operating model coupled with growth in revenue for the remainder of the year is poised to point ATEN on a trajectory to post non-GAAP EPS of $0.70 in 2022. Our price target is now $17 from $13.50.

A10 Networks

ATEN: Momentum in Growth, PT to $17