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Fly News Breaks for April 18, 2019
CHKP
Apr 18, 2019 | 18:26 EDT
Jefferies analyst John DiFucci kept his Buy rating and $140 price target on Check Point after its Q1 results, saying that while its revenue growth was better than in the 5 prior quarters, "billings and new business metrics moderated from the last 2" quarters. The analyst believes that the shift to a "ratable revenue" likely pressured metrics and expects the top line growth to improve, also maintaining his view of the stock as a "top mid cap pick" in the space.
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