Seagate Posts Solid 2Q, Although Performance Will Be Further Tested in 3Q; Maintaining $40 FVE
Seagate Technology reported second-quarter results that were in line with the firm’s prior revenue guidance and which slightly exceeded our expectations for profitability. The firm experienced solid demand for its mission-critical hard-disk drives, or HDDs, while also maintaining gross margins in the long-term target range. That said, guidance for the upcoming quarter indicates this solidity will be sorely tested amid global economic uncertainty which is expected to curb sales of PC products and...
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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