Cloud Storage Demand Gives Seagate Solid Third Quarter; Maintaining $42 FVE
Seagate Technology reported third-quarter results that narrowly exceeded guidance and our expectations. The firm increased average capacity for enterprise HDDs to 4.8 terabytes per drive and shipped 43.8 exabytes in enterprise products, with hyperscale and cloud storage demand for nearline products remaining strong. Near term, capacity demand should provide upside for Seagate, but in the long run, we expect the secular shift to SSDs to offset any improvements the firm will generate in HDD techno...
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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