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Fly News Breaks for February 3, 2020
Feb 3, 2020 | 14:36 EDT
Jefferies analyst Brent Thill notes that Check Point finished 2019 with still "mediocre growth" at 4%, versus a security market growing double digits. The analyst acknowledges the shift to subscription but 2020 total revenue guide 3%-plus implies execution issues loom or competitive share losses. Thill gives Check Point credit for its scale and margin but views shares as "fairly valued." He has a Hold rating and $115 price target on the shares.