Check Point ups forecasts after strong cyber security demand
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FBR Capital Sees Check Point Software Technology's (CHKP) Secular Strength Continue into 4Q; Maintains Outperform
October 26, 2015 2:20 PM EDTFBR Capital reiterated an Outperform rating and $95.00 price target on Checkpoint Software (NASDAQ: CHKP) following the company's 3Q15 earnings results. Total revenue of $403.9 million was in line with the Street's estimate of $403.0 million. Pro forma EPS came in at $1.04, beating the Street's $0.98 estimate. Analyst Daniel Ives believes that massive secular tailwinds from the evolving threat environment should continue to benefit Check Point and its next-generation security solutions.... More
