While IBM remains in an enviable position, long-term risks remain, and we don’t see a buying opportunity today.
Facebook's reign as a dominant mobile-advertising platform was evident again in the firm’s quarterly results, but this strong performance is already priced in to shares, writes Morningstar’s Rick Summer.
We're reaffirming the stock's moat rating but don't think the shares offer a margin of safety at this time.
As user growth slows, we remain concerned that the company won't become a mass-market social platform and anticipate trimming our fair value estimate.
The tech giant posted a better-than-expected start to its fiscal year, but we still see the shares as fully valued.
We plan to modestly increase our fair value estimate for wide-moat Alphabet.
Although we're lowering our fair value estimate after another disappointing quarter, Yahoo's massive reach and the value of its Alibaba stake hold appeal, writes Morningstar’s Rick Summer.
We place little value on CEO Dorsey's star power and remain concerned that the board and the market are overly optimistic about his ability to reaccelerate user growth and engagement, writes Morningstar’s Rick Summer.
The cloud picture isn't completely clear, but that's OK.
Transparency overhang should abate, but we're unlikely to materially change our fair value estimate, says Morningstar analyst Rick Summer.
We’re raising our fair value estimate for Facebook after a strong quarter, but investors should wait for a more attractive price before investing.
Moaty Salesforce and Workday are compelling pure plays, while Oracle and Autodesk are successfully transitioning to cloud-application models, says Morningstar's Rick Summer.
Financial results improved in the social media firm’s second-quarter, but we're lowering our fair value estimate as user growth slows, writes Morningstar analyst Rick Summer.
We believe the firm can improve its near-term fortunes, but its longer-term position is unclear.
Robust demand in its core business and stronger expense discipline make the wide-moat tech firm’s shares look like a bargain today, writes Morningstar’s Rick Summer.
Slowing user growth and disappointing performance in new ad formats will continue to be a headwind as Twitter searches for a new permanent leader, writes Morningstar analyst Rick Summer.
Cloud-application provider Salesforce has strengthened its competitive advantages by negotiating long-term contracts and integrating itself more deeply into companies' processes.
The latest Open Internet Order won't magically level the playing field.
We've lowered our 2015 forecast, but believe long-term growth and profit potential remains.
Twitter’s disappointing quarterly results show that the firm is struggling to become a mass-market media platform, and the risk/reward trade-off in the shares is not attractive today, writes Morningstar’s Rick Summer.
But even after raising our fair value estimate, we think the shares are fairly valued.
Short-term issues are weighing on Google's top and bottom lines, but we still think the wide-moat firm remains a compelling investment at today's stock price.
Ad revenue growth and increasing engagement have led us to increase our fair value estimate for this wide-moat company, notes Morningstar's Rick Summer.
Absent a potential takeout, prolonged price competition and low returns on capital will depress investment returns.
As it provides products that consumers use across the Internet, it broadens advertisers' reach.
Across the technology landscape, margins are being depressed by heavy investment, software is poised to grow much faster than hardware, and competition in wireless is increasing.
We still question Twitter's ability to reach the scale of the Internet giants, writes Morningstar’s Rick Summer.
Shares looked modestly undervalued as management’s investments are masking the potential for operating margin expansion, writes Morningstar’s Rick Summer.
Facebook remains one of highest-quality businesses in the Internet sector but investors should wait for a larger margin of safety before buying shares, writes Morningstar’s Rick Summer.
Shares are still overvalued today, but dramatic expense growth could spook short-term oriented investors and create a compelling entry point in this wide-moat social network, says Morningstar’s Rick Summer
The slowdown in user growth, and subsequent fall in Twitter’s stock price, hasn’t created a buying opportunity for this narrow-moat firm, says Morningstar’s Rick Summer.
Big Blue’s shedding of businesses with low returns on capital is a good idea, but weaker demand for the firm’s core products is likely to weigh.
Despite higher R&D costs at the wide-moat firm, we’re maintaining our fair value estimate, says Morningstar's Rick Summer.
We're not convinced the share sale proceeds will be reinvested wisely.
Yahoo’s lack of opportunities to invest the proceeds from Alibaba’s IPO and pressure in the firm’s core business don’t make a compelling case, says Morningstar’s Rick Summer.
With lower user time spent on its platform and user data collected, Twitter's ad revenue has constraints versus Facebook, and investors should moderate their expectations.
We’re more optimistic about Twitter’s ability to become a mass-market advertising platform, but shares are overvalued at today’s levels, says Morningstar’s Rick Summer.
The social-networking firm's second-quarter ad revenue soared, particularly in the mobile business, but despite Facebook's upward potential, shares are slightly overvalued at current prices.
Although some of Google's nontraditional products could have smaller margins, they still have strong potential for growth, and the stock remains a suitable core holding for many investors.
The predominant value of Yahoo shares remains the firm's stake in Alibaba as Yahoo continues to struggle to convert traffic to revenue.
Despite solid second-quarter results, Twitter still has more downside than upside at current levels and investors should wait on the sidelines for a better entry point, says Morningstar’s Rick Summer.
Although revenue surged in its mobile segment, the social-networking giant will experience slowing growth in the future, says Morningstar's Rick Summer.
Google’s return on capital for projects are likely to be lower than in the past, but the firm remains a solid core holding, says Morningstar's Rick Summer.
Investors should consider avoiding overvalued social-media and big-data companies and turn to other technology names trading at attractive prices.
The $19 billion cash/stock acquisition gives Facebook an entirely new revenue stream, but a lot has to go right in order to justify this deal's valuation, says Morningstar's Rick Summer.
This wide-moat firm is prudently investing to support its moat, but we can't justify today's stock price, says Morningstar's Rick Summer.
At today's stock price, investors should be more concerned about Twitter's limited reach and slowdown in new user growth, says Morningstar's Rick Summer.
Facebook has a bright future, but given high valuations investors are better off looking elsewhere for investment opportunities today, says Morningstar’s Rick Summer.
Oracle continues to generate copious amounts of cash flow, which is one of the reasons why we're increasing our fair value estimate for the firm.
Morningstar analyst Rick Summer estimates a floor on the shares at $15, upside potential of $50, and a current scenario-weighted fair value of $26.