Check Point’s Decline on Reduced Guidance Creates Opportunity; $115 FVE Maintained
Narrow-moat Check Point Software’s first quarter of 2018 came within our expectations, but the firm reduced guidance for the rest of fiscal 2018. However, we are maintaining our $115 fair value estimate. We think the sell off on reduced growth expectations for the year creates an attractive entry point for long term investors, as cyber security consolidation remains a tailwind for the business.We think two things have weighed on growth: a mix shift due to the introduction of Check Point’s Infi...
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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