Zayo Delivered in Line 2Q Results with Organic Growth Below Long-Term Targets; Shares Overvalued
Zayo Group’s second-quarter results roughly tracked our projections on both top and bottom line. As we expected, the firm continues to experience softness in all segments. It delivered organic net installation growth of 4% that is below its target range of 6%-8%. We continue to believe that the firm has little sustainable competitive advantage outside its fiber solution segment (contributing to only 31% of quarterly sales) and the rest of its non-fiber business remains as vulnerable to softness ...
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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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