Broadcom Limited Firing on All Cylinders with Strong 1Q Results, Raising FVE to $203
Broadcom Limited's first quarter results and second quarter forecast were ahead of our prior expectations, as the firm is profiting from content gains in smartphones, adoption for networking chips within data centers and robust demand for enterprise storage. Management even suggested that its near-term outlook for 15% year-over-year revenue growth in the second quarter is versus its long-term target of 5% average annual sales growth. Â We will raise our fair value estimate for narrow-moat Broadco...
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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