Seagate Navigating Precarious Market Conditions With Solid Execution; Shares Fairly Valued
No-moat Seagate reported a solid fiscal third quarter, with the top line ending up within the guided range and the bottom line appreciably above guidance as well as consensus expectations. Weak market dynamics, anchored primarily by the slowdown in capacity expansion by hyperscale cloud vendors, continued to weigh on the firm’s results. Management conveyed confidence in a second-half calendar year rebound, as the confluence of a pickup in cloud spending and typical seasonal upticks in edge devic...
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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