JPMorgan analyst Sterling Auty says a key point from CA Technologies' analyst day presentation slides are the impacts of Accounting Standards Codification 606. CA's revenue recognition will see significant moving parts from the adoption of ASC 606, as a considerable portion of revenue will now be recognized upfront, Auty tells investors in a research note. He believes this "reduces visibility and increases volatility." On the positive side, the analyst likes CA's share repurchase program and expectation for 24% growth in the SaaS business through 2021. He has a Neutral rating on CA shares.