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Rick Summer

Rick Summer, CFA, CPA, is a technology strategist for Morningstar, responsible for Internet and technology research. Before assuming his current position in 2014, he was a senior equity analyst. He joined Morningstar in 2005 as an equity analyst, covering software and Internet companies. He has operating experience in the wireless and software infrastructure industries and has worked as a private equity investor for UBS Global Asset Management.

Summer holds a bachelor’s degree in business administration from Emory University and a master’s degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation and is a Certified Public Accountant (CPA).


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.

Moaty Salesforce and Workday are compelling pure plays, while Oracle and Autodesk are successfully transitioning to cloud-application models, says Morningstar's Rick Summer.

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.

Cloud-application provider Salesforce has strengthened its competitive advantages by negotiating long-term contracts and integrating itself more deeply into companies' processes.

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.

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.

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.

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.