Report
Abhinav Davuluri
EUR 147.86 For Business Accounts Only

No Growth Expected in 2017 for Intel; No Change To Our $31 Fair Value Estimate

Intel reported fourth-quarter results that exceeded our expectations. The firm’s client computing group, or CCG, boasted an impressive rebound from 2015, thanks to Intel winning a portion of Apple’s iPhone 7 modem business. Amid a secular decline in PC sales, Intel has actively tailored its product offerings to focus on the enthusiast market for high-end applications such as gaming. In contrast, the data center group, or DCG, ended a second consecutive year with decelerating growth due to weak e...
Underlying
Intel Corporation

Intel is a data-centric company. The company's operating segments are: Data Center Group, which develops platforms for compute, storage, and network functions; Internet of Things Group, which facilitates its customers creating, storing, and processing data; Mobileye, which provides assistance and automation solutions; Non-Volatile Memory Solutions Group, which provides memory and storage products based on Intel? Optane? technology and Intel? 3D NAND technology; Programmable Solutions Group, which provides programmable semiconductors; and Client Computing Group, which connects people to data, allowing each person to focus, create, and engage in ways that unlock their individual potential.

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
Abhinav Davuluri

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