Data center provider Equinix should enjoy strong top-line growth, increasing operating leverage, and dividend growth in the years to come.
We're lowering our risk rating on this narrow-moat firm now that its parent company has settled its outstanding lawsuit.
We are maintaining our fair value estimate for the no-moat firm.
We see two tangible growth drivers: high-speed optics for datacom and 3-D sensing lasers in smartphones.
We see value in the no-moat fiber-optics manufacturer today.
We are maintaining our fair value estimate at $35 a share, and shares still appear overvalued today.
Though none of them have developed a moat, one does look undervalued at current prices.
We believe the next two years would be critical for the narrow-moat firm to turn around the ship.
If the narrow-moat firm could sail past recent self-inflicted troubles, it could draw on its network assets to regain market share -- but the uncertainty is very high.
There's little to like in the firm's fourth-quarter results or guidance.
Costs associated with DirecTV Now hurt the firm's profitability, but we maintain our narrow moat rating.
Competition continues to be intense for the narrow-moat firm, and we view its shares as fairly priced.