FBR Capital Maintains an 'Outperform' on Checkpoint Software (CHKP); Healthy Secular Trends + Strong Product Cycle
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Price: $131.72 -1.87%
Rating Summary:
17 Buy, 30 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 30 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains an 'Outperform' on Checkpoint Software (NASDAQ: CHKP), PT raised by $1 to $58.
FBR analyst says, "We maintain our rating as we believe Check Point’s fundamental profile remains very strong, as this cash-generating machine is only in the middle innings of a very strong product cycle that is ripe to benefit from pent-up enterprise demand and improving IT budgets over the course of
FY11. With strong secular tailwinds, a healthy product cycle, and a better IT spending environment at its back, we believe the Check Point growth story is just starting to take shape and double-digit top-line growth is sustainable."
For more ratings news on Checkpoint Software click here and for the rating history of Checkpoint Software click here.
Shares of Checkpoint Software closed at $53.30 yesterday.
FBR analyst says, "We maintain our rating as we believe Check Point’s fundamental profile remains very strong, as this cash-generating machine is only in the middle innings of a very strong product cycle that is ripe to benefit from pent-up enterprise demand and improving IT budgets over the course of
FY11. With strong secular tailwinds, a healthy product cycle, and a better IT spending environment at its back, we believe the Check Point growth story is just starting to take shape and double-digit top-line growth is sustainable."
For more ratings news on Checkpoint Software click here and for the rating history of Checkpoint Software click here.
Shares of Checkpoint Software closed at $53.30 yesterday.
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