CA Reports 1Q Results; We Expect Takeover by Broadcom to Close; Shares Fairly Valued
CA Technologies reported its first-quarter results but decided not to host a conference call because of its pending acquisition by Broadcom. We do not anticipate any regulatory hurdles, given the lack of synergies between the two firms, though it would not surprise us if the current geopolitical climate and trade tensions between the U.S. and China delayed the closing. Still, we are adjusting our CA fair value estimate to $44.50 to reflect our conviction that the deal will close at Broadcom’s pr...CA is a provider of software solutions enabling customers to plan, develop, automate, manage and secure applications across mobile, cloud, distributed and mainframe platforms. The company has three operating segments: Enterprise Solutions, which includes products that are designed for mobile, cloud, and distributed computing environments and run on industry standard servers; Mainframe Solutions, which includes solutions for the IBM z Systems
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.
We have operations in 27 countries.
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