Blackbaud Sees Growth in Social Good
Its entrenched leadership position results in a wide moat.
Andrew Lange
Andrew Lange is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers application software and IT services companies.
Lange joined Morningstar in 2007 as an associate equity analyst based in Auckland, New Zealand before moving to the Chicago office in 2012.
Lange holds bachelor’s degrees in economics and finance from the University of Otago in New Zealand.
Latest
Revenue Growth Better Than Expected for IBM
Jan 23, 2019
We See Some Value in IBM Shares After Solid Quarter
Our fair value estimate for the narrow economic moat firm is unchanged.
Jan 23, 2019
Salesforce Reports Good Results, Shares Undervalued
The wide-moat firm benefits from strong switching costs and a network effect related to its platform-based software offerings.
Nov 27, 2018
Good Start to Fiscal 2019 for Intuit
Online growth continues to impress, while shares of the wide-moat firm are trading at a premium.
Nov 19, 2018
IBM Announces Acquisition of Red Hat
We are lowering our fair value estimate for the narrow-moat firm and think shares remain undervalued.
Oct 29, 2018
IBM Results Fail to Impress
Oct 17, 2018
Underwhelming Results for IBM
We're maintaining our fair value estimate on the narrow-moat company.
Oct 17, 2018
Good End to Fiscal Year for Microsoft
We reiterate our fair value estimate and wide economic moat rating for the firm.
Jul 20, 2018
IBM Sees Improvement in Second Quarter
We are maintaining our $168 fair value estimate and narrow economic moat rating for the firm.
Jul 19, 2018
Autodesk Delivers, but Shares Expensive
Despite the wide-moat firm's strong positioning and growth prospects, we think shares are overpriced.
May 24, 2018
Good News for HP Enterprise, Modest Fair Value Increase
We've lifted our fair value estimate due to ongoing favorable tax conditions.
May 23, 2018
Is the Xerox Saga Nearing an End?
The no-moat firm won't combine with Fuji Xerox, will settle with Carl Icahn and Darwin Deason, and will replace current management.
May 14, 2018
Ongoing Adjustments a Must for IBM
The firm's shift toward higher value enterprise IT is now necessary for the firm to avoid competitive relegation and commoditization.
Apr 18, 2018