Report
Ilya Kundozerov
EUR 147.86 For Business Accounts Only

CheckPoint Posts Solid Second-Quarter Results; Releases First SaaS offering; Fair Value Intact

CheckPoint posted second-quarter results in line with our expectations as weaker demand for products and licenses was offset by solid growth within its subscriptions business, a trend we are seeing with the company’s peers. However, the firm’s third and fourth quarter revenue forecasts were below Street estimates and our expectations. The company rolled out a hardware refresh for its small-to-medium appliance lines and provided more discounts to its existing customers on maintenance renewals in ...
Underlying
Check Point Software Technologies Ltd.

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.

Provider
Morningstar
Morningstar

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.

Analysts
Ilya Kundozerov

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