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Fly News Breaks for January 6, 2016
RPD, IMPR, PANW, CHKP
Jan 6, 2016 | 05:50 EDT
Barclays analyst Raimo Lenschow downgraded Check Point Software (CHKP) to Underweight and cut his price target for shares to $83 from $91. The analyst prefers to own security stocks that are gaining market share with valuation support and catalysts. His top three ideas are Palo Alto (PANW), Imprivata (IMPR) and Rapid7 (RPD).
News For CHKP;PANW;IMPR;RPD From the Last 2 Days
CHKP
Apr 26, 2024 | 08:09 EDT
Stifel analyst Adam Borg lowered the firm's price target on Check Point to $165 from $170 and keeps a Hold rating on the shares following what the firm calls "a solid print." Q2 guidance brackets consensus while FY24 guidance is reaffirmed, added the analyst, who believes Check Point has a number of drivers to sustain mid-to-high single-digit top-line growth, but also thinks valuation largely reflects this.
RPD
Apr 26, 2024 | 07:13 EDT
Scotiabank analyst Patrick Colville last night initiated coverage of Rapid7 with a Sector Perform rating and $46 price target. The analyst sees some execution risk and estimate risk. The company's exposure to smaller companies, large enterprise accounts not standardizing on Rapid7, the company ceding share in vulnerability management, and it capping investment "might be a drag," the analyst tells investors in a research note. The firm says the shares "aren't a golden buying opportunity right now."
CHKP
Apr 25, 2024 | 08:53 EDT
Sees Q2 revenue $607M-637M, consensus $623.27M. Comments taken from Q1 earnings conference call.