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Fly News Breaks for January 13, 2020
FTNT, PANW, CHKP
Jan 13, 2020 | 07:10 EDT
As previously reported, Morgan Stanley analyst Keith Weiss downgraded Check Point (CHKP) to Underweight from Equal Weight with a price target of $106, down from $115. His reseller andChief Security Officer surveys indicate Check Point's market share losses continue against network security competitors such as Palo Alto Networks (PANW) and Fortinet (FTNT), Weiss tells investors. Additionally, Check Point's sales execution challenges have yet to be remediated and Weiss expects investments, particularly in sales and marketing, to remain elevated in order to stem market share losses, the analyst added.
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