Symantec Reports Quarterly Results Largely In Line; BlueCoat Integration Is Under Way; Maintain FVE
Symantec posted solid second-quarter fiscal 2017 results, slightly above our expectations as the company hit the ground running with its BlueCoat integration efforts. We are pleased to see strong product integration efforts, as well as an ongoing push to turn the consumer business around. The company remains on track to deliver $500 million in synergies by the end of fiscal 2018. Our thesis, fair value estimate of $18 per share, and no-moat rating remain intact. With shares trading at a premium ...Symantec is a provider of cyber security. The company provides cyber security products, services and solutions to organizations and individuals worldwide. The company's Enterprise Security portfolio includes a mix of products, services and solutions, delivered as part of an Integrated Cyber Defense platform. The company's platform unifies cloud and on-premises security to provide threat protection and information protection across endpoints, networks, email, and cloud applications. The company also provides services, support services, and cyber security services. The company's Cyber Safety solutions from Norton LifeLock help consumers protect their devices, online privacy, identities, and home networks.
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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