PTC Bookings Growth Disappoints; Shares Back to Being Fairly Valued
PTC’s stock was slammed in afterhours trade after the firm reported third-quarter results showing considerable headwinds in its bookings growth. As the firm has shifted to a subscription-based sales model, it has been dealing with some unexpected fallout across its customers and sales staff, which has led to a fiscal 2019 bookings growth expectation of approximately 1%-3%, year over year. Management noted that bookings headwinds included cultural aversion toward subscriptions (as opposed to perp...PTC is a software and services company. The company's products and services include: 3D Modeling, which enables users to create designs, analyze designs, perform engineering calculations and utilize the information created downstream using 2D, 3D, parametric and direct modeling; Lifecycle Management, which enables product data management, as well as communication and collaboration across the enterprise, including product development, manufacturing and the supply chain; Data Orchestration, which delivers tools, technologies, and solutions that enable companies to develop and deploy industrial IoT applications; and Experience Creation, which provides a way to capture, create, and deliver content.
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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