Amdocs Ended Fiscal 2017 with Solid Performance and Continued Cable Wins; Raising FVE to $60
Amdocs posted fourth-quarter results for fiscal 2017 thattracked closely with our expectations. The firm scored a contract win with Altice
USA, a major cable company in the U.S., to migrate Altice’s key support systems
into a single platform. As we see more evidence confirming our growth thesis
for the stock, which is its expansion into serving cable companies in North
America, we are modestly raising our revenue projections for this narrow-moat
name. Despite some slowdown in spending from AT&a...
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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