Subscription Growth Leads Check Point's Steady 2Q; Ramping Up Sales Efforts; Maintaining FVE of $127
Check Point's year-over-year revenue growth of 4% met our expectations, as the company ramps up sales efforts amid a changing revenue model that is more subscription-based. Compared with the prior year, subscriptions grew by 12.6%, software updates and maintenance grew by 3.6%, and products decreased by 3.1%. New product appliances targeting midrange and high-end audiences were announced in the quarter, but we still expect subscriptions for capabilities such as zero-day threat protection, cloud,...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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