Seagate Reports Solid 2Q Results; Provides Optimistic Full-Year Guidance; Raising FVE to $40
Seagate reported fiscal second-quarter results that surpassed our expectations while providing a more positive outlook for the full fiscal year 2017, which implies very modest top-line growth. Drivers of the improved performance include a combination of market demand trends across high-capacity hard disk drives, or HDDs, for cloud-based data centers, component cost optimization within storage products, as well as structural cost improvements throughout the company. Management reiterated its stra...
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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