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Fly News Breaks for January 31, 2018
CHKP
Jan 31, 2018 | 12:15 EDT
Deutsche Bank analyst Karl Keirstead says Check Point Software this morning posted its third consecutive "mixed/disappointing" quarter with product and subscriptions revenue growth slowing further to 3% from 6% in Q3. The analyst believes the company is a second half of 2018 given that the first half will be marked with "still-tough" comparisons. He lowered his price target for Check Point shares to $100 from $105 and keeps a Hold rating on the name.
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