Data Demands Grow but Seagate’s Prospects are Capped; Lowering FVE to $42
After taking a fresh look at hard-disk drive manufacturer, Seagate, we are maintaining our no-moat rating and negative moat trend. We are decreasing our fair value estimate to $42 per share from $46. We note that the shares are currently fairly valued, in our view.Seagate Technology is one of two leaders in the hard disk drive, or HDD, market. However, as the storage industry has been transitioning to solid-state drives, or SSDs, that leadership has provided less benefit. Flash technology enabl...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.