Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/stories/2003-09-03/merrill-upgrades-check-point-software-to-buy

Markets & Finance

Merrill Upgrades Check Point Software to 'Buy'


Merrill Lynch upgraded Check Point Software (CHKP) to buy from neutral.

Analyst Edward Maguire says a recent rash of disruptive worms has catalyzed a revisit of network protection. He notes core network security technology and Firewall/VPN (virtual private network) sales benefit from heightened awareness. As a leading vendor of firewall/VPN software, he believes Check Point will benefit from any sustained upturn in demand.

He notes the company's adjusted strategy to more actively pursue growth opportunities after a period of "resting on laurels." Recent product announcements signal Check Point is moving in the right direction to reinvigorate sales growth. He set a $25 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus