Hey Joe, what's your current take on NET? Like many, I cut back a lot a few weeks ago to a small position (2%). Now I've been built it back up to a mid-sized position at ~6%. The run up has been crazy but I can see how the new product releases, especially taking on e-mail security, have gotten folks really excited. I'm waiting for the earnings call to see how the numbers translate before I add any more. Like you, I'm no tech expert, so it makes this stock hard to navigate at times.
NET certainly has as many irons in the fire as anyone, and they seem to add a new one every week. They question, of course, is just how much leverage they can create and when they will be able to monetize. I'd expect typical a typical NET quarter for most of the headline and supporting numbers next month. The guide and CEO Matthew Prince's comments will likely carry more weight in just how much of the recent run up NET will be able to hold. I'm currently at 4.7% and plan on simply holding my shares through earnings at this point.
Hey Joe, what's your current take on NET? Like many, I cut back a lot a few weeks ago to a small position (2%). Now I've been built it back up to a mid-sized position at ~6%. The run up has been crazy but I can see how the new product releases, especially taking on e-mail security, have gotten folks really excited. I'm waiting for the earnings call to see how the numbers translate before I add any more. Like you, I'm no tech expert, so it makes this stock hard to navigate at times.
The bull argument is that with the continual TAM expansion, they can run at 50%+ for years and years, making a very high multiple indeed justified.
NET certainly has as many irons in the fire as anyone, and they seem to add a new one every week. They question, of course, is just how much leverage they can create and when they will be able to monetize. I'd expect typical a typical NET quarter for most of the headline and supporting numbers next month. The guide and CEO Matthew Prince's comments will likely carry more weight in just how much of the recent run up NET will be able to hold. I'm currently at 4.7% and plan on simply holding my shares through earnings at this point.
Thanks for asking.
Congrats, impressive performance!