Clear Outperformer with Relative Strength and Analyst Support: After Wells Fargo, Oppenheimer Also Upgrades the Stock of Check Point Software Technologies. Price Target: $260.
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The stock of Check Point Software Technologies (CHKP) has recently shown clear relative strength compared to the overall market. This was supported by solid quarterly results. The company generates its revenue mainly through software licenses, security service subscriptions, as well as maintenance and support. It has a strong network of customers and partners, including over 80% of the Fortune 100 companies, and focuses on network security and cloud security. Check Point has won new customers and expanded existing relationships with the Infinity...
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