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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:17 EDTICGE, CHKPICG Group
4th Annual Oppenheimer Research 1:1 Summit is being held in London, England on February 5.
News For CHKP;ICGE From The Last 14 Days
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April 30, 2015
06:31 EDTCHKPMicrosoft would likely sell off on Salesforce acquisition, says Citigroup
Citigroup believes that should Salesforce (CRM) be up for sale as Bloomberg yesterday suggested, Microsoft (MSFT) could be the most likely the suitor. Citi thinks Microsoft shares would likely trade lower should such a deal occur, as it would signal the company is in a "more tenuous position in commercial business than investors currently think." The firm lists Oracle (ORCL), IBM (IBM) and Google (GOOG) as other potential suitors for Salesforce. With less upside now to its Saleforce price target, Citi prefers Check Point (CHKP) and VMware (VMW) for growth investors and ServiceNow (NOW) for exposure to software-as-a-service. It keeps a Buy rating on Salesforce with am unchanged price target of $78.

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