Check Point Starts 2017 With Solid Performance; Impressive Subscription Growth; Raising FVE to $93
Check Point reported solid results for the first quarter of 2017 due to a record 27% growth in subscription revenue. The company benefited primarily from up-tiering its existing customers to higher value subscription packages as IT departments are looking to provide better cyber protection while keeping a steady headcount. We think enterprise migration to the cloud is going to help expand the network security market in the near to midterm and we expect Check Point to benefit, given its large ins...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.
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