Check Point Software Technologies Inc (CHKP): 7:53am 04/12/05 Check Point Software...

Check Point Software Technologies Inc (CHKP)

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midastouch017

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Tuesday, 04/12/2005 8:02:37 AM

Tuesday, April 12, 2005 8:02:37 AM

7:53am 04/12/05
Check Point Software rises on upgrade (CHKP) By Susan Lerner
NEW YORK (MarketWatch) -- Shares of Check Point Software (CHKP) climbed 3% to $22.70 in premarket trade Tuesday after Jefferies & Co. boosted its recommendation on the stock to buy from hold and lifted its price target to $26 from $23. "We believe both the near- and longer-term fundamentals at Check Point are improving as the company's evolution from a point FW (firewall) vendor into a broader security provider is gaining momentum and market acceptance," analyst Katherine Egbert told clients. She expects the Israeli provider of Internet security products will meet or beat her first quarter forecast for earnings of 28c a share. The company is scheduled to report its results April 23.

http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&dist=nbs&guid={E2B27EAB-...

Midas