Cisco's 1Q Results Are in Line; Top Line Should Turn to Growth Next Quarter; Raising FVE to $34
Cisco started its fiscal 2018 largely in line with our expectations, but top-line guidance of 1% to 3% growth for next quarter was better than anticipated. The company is executing well on its strategy to weaponize its declining hardware data center products with high-gross-margin subscription and services recurring revenue streams, which should slow the firm’s revenue decline and protect against price erosion. Cisco is pivoting heavily into stand-alone software and services, largely through M&a...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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