Marvell's Solid 3Q Results Overshadowed by Recently Announced Cavium Acquisition; Shares Overvalued
Marvell reported solid fiscal third-quarter results that were slightly ahead of our expectations, thanks to broad-based revenue strength and ongoing cost-cutting endeavors that have improved margins. Amidst the shift from hard disk drives to solid-state drives (both of which Marvell supplies controllers), Marvell recorded modest growth in its storage segment, thanks to its SSD controllers that benefited from a positive mix-shift to enterprise and data center SSDs. For the quarter, SSD controller...
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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