Cisco Announces Solid Results and Aggressive Stock Buyback Plans; Raising FVE to $40
Cisco reported strong fiscal second-quarter results and provided investors with a relatively bright third-quarter forecast, thanks to healthy demand from data center customers. Additionally, Cisco is ready to pounce on recent changes to U.S. tax law, with plans to repatriate $67 billion of cash into the U.S., boosting its dividend 14% and announcing a whopping $25 billion of additional authorization to its share buyback authorization. We will raise our fair value estimate for narrow-moat Cisco t...Cisco Systems designs and sells a range of technologies that power the Internet. The company's business is organized into the following three geographic segments: Americas; Europe, Middle East, and Africa; and Asia Pacific, Japan, and China. The company's products and technologies are grouped into the following categories: Infrastructure Platforms; Applications; Security and Other Products. In addition to its product offerings, the company provides a range of service offerings, including technical support services and other services. The company delivers its technologies through software and services. The company's customers include businesses of all sizes, public institutions, governments, and service providers.
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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