Checkpoint Posts Solid Book End to the Year and Guides for Strong 2017; Raising Fair Value Estimate
Checkpoint finished fiscal 2016 on a positive note, delivering top-line growth in the upper range of management’s guidance and above our estimates. Several tax benefits, which amounted to $21 million, along with tight expense control resulted in non-GAAP EPS of $1.46, above consensus. Checkpoint also reported a strong growth in deferred revenue as the company’s investments in its salesforce started to finally pay off. We are raising our fair value estimate due to the time value of money as we ro...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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