Oppenheimer analyst Shaul Eyal believes Check Point's in-line Q1 results are positive for the security software universe, indicating "healthy spending trends." The company delivered a very clean Q1, with 2016 revenue guidance range of 6%-9% year over year being viewed "positively" in the current environment, the analyst tells investors in a research note. Eyal believes Check Point can potentially increase operational expenditure while keeping EPS intact given a "pristine" balance sheet. The analyst reiterates an Outperform rating and $95 price target on the shares.

Sees Q2 revenue $607M-637M, consensus $623.27M. Comments taken from Q1 earnings conference call.