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News Breaks
February 4, 2013
07:50 EDTFTNT, CHKPCheck Point, Fortinet may benefit from Dell deal, says Oppenheimer
Oppenheimer believes that Check Point (CHKP) and Fortinet (FTNT) may benefit in the near-term from disruptions to Dell's (DELL) SonicWall unit that could result if Dell is taken private. The firm maintains Outperform ratings on Check Point and Fortinet.
News For CHKP;FTNT From The Last 14 Days
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September 1, 2015
16:10 EDTCHKPCheck Point to separate CEO and Chairman positions
Check Point Software Technologies announced its decision to separate the position of Chairman and CEO and to appoint Marius Nacht as non-executive Chairman of the Board. Nacht, one of Check Point's founders, has served as Vice Chairman of the Board of Directors since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Nacht held Senior Vice President positions at Check Point.
10:59 EDTCHKP, FTNTCyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
10:56 EDTCHKPRBC Capital to hold a bus tour
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August 31, 2015
16:10 EDTFTNTStephens to hold a tour
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08:31 EDTCHKPAcronis and Check Point announces partnership
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August 24, 2015
14:21 EDTCHKP, FTNTJMP Securities says pullback in Palo Alto a buying opportunity
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