Seagate’s growth opportunities lie within enterprise storage; shares fairly valued.
Seagate reported fiscal third-quarter revenue results that were slightly lower than our expectations. The company faced headwinds in the mission-critical and PC client markets, but offset this weakness with strong performance in its high-capacity hard disk drives for cloud-based data centers as well as continued structural cost improvements. Management also reiterated its strategic commitment to focus on high-capacity HDDs, which reaffirms our investment thesis. We are maintaining our fair value...
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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