NetApp Reports Decent 2Q Performance and Provides Solid Guidance; Raising FVE to $32
For the second quarter of fiscal 2017, NetApp reported top-line results that were in line with management’s prior guidance as well as our expectations while reporting non-GAAP earnings per share that were ahead of our estimate for the quarter. The firm also provided third-quarter fiscal 2017 guidance that indicates year-over-year top-line growth at the midpoint. We are encouraged by the positive outlook as well as the traction that the company has gained in its strategic solutions group. We thin...NetApp is the data authority for the hybrid cloud. The company's product, services and solutions portfolio include: cloud data services, which include the NetApp Data Fabric, which manages, secures, and protects the data of its customers from on-premises to public to hybrid cloud; cloud infrastructure, which helps customers build cloud-architected data centers; storage systems and software, which enables customers to modernize their IT architectures with cloud-connected flash to free the resources necessary; and support services, which enable a portfolio of technical services including independent support services, support account managers, residency services, and managed services.
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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