Alphabet’s 1Q Results Beat Expectations; Maintaining $860 FVE; Shares Fairly Valued
Alphabet kicked off 2017 with strong first-quarter top- and bottom-line results which came in ahead of expectations. The firm’s dominance of the digital advertising market continues as shown by strong growth in overall ad revenue and slight operating margin expansion over the prior year. Additionally, as expected, Alphabet is also making headway in the growing cloud market. While we adjusted our model to account for the better-than expected first-quarter results, we are not planning to change ou...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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