NetApp Reports Solid 1Q Results as Strategic Product Portfolio Continues to Ramp; Maintain $28 FVE
NetApp reported fiscal first-quarter results and provided investors with a second-quarter outlook that were modestly ahead of our prior expectations, but not enough to move the needle on our $28 fair value estimate. NetApp’s strategic solutions represented 61% of net product revenue and grew 24% year over year as this product segment offset growth declines from NetApp’s mature solutions portfolio. NetApp experienced stellar growth of nearly 400% in its all-flash array products, driven by high de...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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