Analysts Positive on Security Software Into Q1 Results (SYMC) (CHKP) (WBSN)

Despite challenges in the overall PC market, analysts at Macquarie are cautiously optimistic into Q1 results, saying security software companies will outperform the overall market. The report sites three companies in this space, Symantec (Nasdaq: SYMC), Check Point (Nasdaq: CHKP), and Websense (Nasdaq: WBSN).

Ongoing security threats and an overall heightened sense of awareness regarding these threats should help support revenue growth for all three companies.

While all three are Outperform-rated, Symantec is Macquarie's top pick and has a price target of $24.10 compared to a market price of $18.10. Check Point and Websense have targets of $67 and $23 vs. market prices of $63.86 and $21.17 respectively.

Check Point reports results on April 23, Websense on April 24 and Symantec reports on May 2.

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