Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Insight Provider

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.

Equity Bottom-Up

<ul>
<li>ATEN reported better than expected fourth quarter results, but it was the lack of quantitative revenue guidance that garnering all the attention</li>
<li>We had highlighted increased macro risks in our January update leading to 2023 becoming dependent on the second half of the year.</li>
<li>The first quarter is seasonally the slowest period of the year for ATEN, which could be the reason for management taking a conservative approach with 2023 guidance.</li>
</ul>


ATEN reported better than expected fourth quarter results, but it was the lack of quantitative revenue guidance that garnering all the attention
We had highlighted increased macro risks in our January update leading to 2023 becoming dependent on the second half of the year.
The first quarter is seasonally the slowest period of the year for ATEN, which could be the reason for management taking a conservative approach with 2023 guidance.


A10 Networks

ATEN: The Inevitable Push Out