Seagate Exceeds Expectations With Solid Fiscal 1Q Results; Shares Fairly Valued
Seagate Technology's first-quarter results exceeded our expectations, thanks to stabilization of HDD sales. We were pleased to see the firm achieve a record average capacity for enterprise HDDs at 3.9 terabytes per drive. Amid a declining HDD unit environment, it is paramount for Seagate to drive up average capacities and average selling prices as offsets. However, we think part of the outperformance stems from recent elevation in NAND flash pricing (the key component in solid state drives). Con...
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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