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Fly News Breaks for June 26, 2015
PANW, FTNT, CHKP, FEYE
Jun 26, 2015 | 05:41 EDT
Barclays analyst Saket Kalia downgraded FireEye (FEYE) to Equal Weight after raising his price target for shares to $56 from $47. Kalia believes the new target warrants a reduced rating on valuation grounds, but points out he expects the cybersecurity company to post 25% revenue growth and 30% cash flow margins. Elsewhere in the space, he initiated shares of Check Point (CHKP) with an Equal Weight rating and Fortinet (FTNT) with an Overweight rating. Kalia also raised his price target for Overweight-rated Palo Alto Networks (PANW) to $210.
News For FEYE;CHKP;FTNT;PANW From the Last 2 Days
CHKP
Mar 18, 2024 | 05:47 EDT
TD Cowen raised the firm's price target on Check Point to $205 from $180 and keeps an Outperform rating on the shares. The firm says Check Point is its 2024 Europe best idea. The company's cloud delivered, artificial intelligence powered, platform approach and recent go-to-market investments should sustain consistent, profitable growth and strong cash flow, the analyst tells investors in a research note. TD believes the company benefits from a hostile threat environment, rising regulation, remote work, and vendor consolidation. Check Point is the firm's favorite value-oriented, cybersecurity name.