Check Point Looking Beyond the Firewall for Growth
Narrow-moat Check Point reported 4% sales growth in the first quarter, but a 3.5% decline in operating income compared with last year. While top-line growth was below our 6% expectation, we anticipated the 44% operating margin due to increased sales and marketing efforts. We welcome the increased expenditures as Check Point looks to establish its brand outside of the firewall arena. Our full-year revenue projections have been slightly decreased to 4% from 5% for 2019, but we expect higher financ...Check Point Software Technologies develops, markets and supports a range of products and services for IT security. Co. offers its customers a portfolio of network security, endpoint security, data security and management solutions. Co.'s solutions operate under a unified security architecture that enables end-to-end security with a single line of unified security gateways, and allow a single agent for all endpoint security that can be managed from a single unified management console. This unified management allows for ease of deployment and centralized control and is supported by, and reinforced with, real-time security updates.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
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