Seagate Technology on Pace for Solid Fiscal 2018 with Strong 2Q; Raising FVE to $42
Seagate Technology reported second-quarter results that surpassed our expectations, thanks to strength in mass storage solutions across enterprise and cloud-based environments. We note the firm notched another record average capacity for enterprise HDDs at 4.3 terabytes per drive. Although HDD units continue to decline, Seagate has been able to mitigate this dynamic with greater average capacities and more favorable product mixes. However, we attribute these positive results to the supply-demand...
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.
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