Seagate Reports Strong Fourth-Quarter Performance and Raises Guidance; Raising Fair Value to $30
For the fourth quarter of fiscal 2016, Seagate reported results that surpassed our expectations on both the top and bottom lines, all while raising its outlook for the first quarter of fiscal 2017. We are encouraged by this less negative outlook, as well as the continued demand from cloud service providers for high-capacity enterprise hard disk drives, which we think is a long-term growth driver for Seagate. We are raising our fair value estimate to $30 per share and maintaining our no-moat rati...
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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