DELL - A10 Networks: The Q4 Report Curbed My Enthusiasm

• ATEN's strategic turnaround plan had me bullish on the stock - it appeared the company was set up for a big Q4 beat.
• Unfortunately, the company came in light on both the top and bottom lines. As a result, the stock has sold off and I am less enthusiastic about A10 going forward.
• However, ATEN's yoy EPS comparisons are likely to be favorable given the company's new focus on profitability.
• The company ended 2020 with $2/share in cash and no debt. But the share buyback program isn't really helping ordinary shareholders as the share count actually expanded yoy.

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