Report
Ali Mogharabi

Criteo's 1Q Results Beat Expectations; Management Provides in Line Guidance; Shares Undervalued

Criteo reported better-than-expected first-quarter results as the firm is putting the impact of Apple’s Intelligent Tracking Prevention, or ITP, behind it, partially demonstrated by the return of its co-founder, Jean-Baptiste Rudelle, to the CEO position. We expect the company to now focus more on research and development investments to introduce new products, enhance its current services, and further integrate its offerings with those of its clients. Criteo’s net client additions remained healt...
Underlying
CRITEO S.A

Provider
Morningstar
Morningstar

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.

Analysts
Ali Mogharabi

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