Palo Alto Posts Another Solid Quarter, but Product Revenue Growth Disappoints; Maintain FVE
Palo Alto ended fiscal 2016 on a positive note, reporting top-line growth above management’s guidance and largely in line with our expectations. However, product revenue growth continued to rapidly decelerate, owing to customer purchasing patterns shifting to subscriptions and the overall tepid demand environment. Management’s fiscal 2017 guidance points tofurther weakening growth for product revenue (12%-13% year on year) and a possible recovery coming in 2018, owing to the hardware refresh cy...
Palo Alto Networks provides a platform that allows enterprises, service providers, and government entities to secure their organizations. The company's platform uses a traffic classification engine that identifies network traffic by application, user, and content and provides security across the network, endpoint, and cloud. The company's product, subscription, and support offerings include: firewall appliances and software; and Panorama, which is a centralized security management solution for global control of various firewall appliances and software deployed on an end-customer's network as well as in their instances in public or private cloud environments as a virtual appliance or a physical appliance.
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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