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Fly News Breaks for May 23, 2019
CHKP
May 23, 2019 | 07:00 EDT
Cowen analyst Nick Yako initiated Check Point with a Market Perform rating and $120 price target, saying the company's renewed focus on the channel and investments in sales and marketing, coupled with its emerging cloud product suite, could help alleviate ongoing share losses. Yako tells investors in a research note that while its CloudGuard family of products, including recently acquired Dome9, is experiencing some initial success, it remains unclear if these offerings can offset product revenue declines.
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