NetApp Reports Decent 3Q; Provides Solid Guidance; Raising FVE to $37
For the third quarter of fiscal 2017, NetApp reported top line results that were roughly in line with management’s prior guidance as well as our expectations while reporting non-GAAP EPS that surpassed the high end of guidance and our estimate for the quarter. NetApp also provided positive fourth-quarter guidance that indicated sequential and year-over-year growth at the midpoint. Further, NetApp’s Strategic Solutions group of products continued to offset weakness from the headwinds related to t...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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