Bert apparently thinks NetApp is misunderstood, especially around ELAs (Enterprise License Agreements).
banjr
NetApp: Taking Advantage Of Some Apparent Misconceptions
Aug. 18, 2018 – Seeking Alpha
NetApp reported another very strong quarter in the last couple of days.
Much of the upside was a function of some very large deals called ELAs, with the largest enterprise customers using NetApp’s Data Fabric.
The company enjoyed gross margins significantly above its expectations - really above its aspirational goals.
Once again, the company issued highly cautious guidance, although the culprit in this case is one of self-manufacture - it is not forecasting any revenue from future ELAs.
The shares were soft today - and so far as that goes, they haven’t appreciated the last month. This provides investors with a very attractive entry point…
https://seekingalpha.com/article/4200270-netapp-taking-advan…