Expanding From Its Firewall Strength, Palo Alto Networks Looks to Cloud Security for Growth
Narrow-moat Palo Alto Networks' 28% year-over-year revenue growth in the third quarter was higher than our expectation and resulted in another record quarter. Firewall sales continued to showcase positive momentum with product sales growing by 28%. Subscription and support also grew by 28% and we expect Palo Alto's software platform approach of addressing various security touch points holistically to continue strong growth in this arena. We like that Palo Alto is seeking to address the complexit...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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