Check Point (CHKP)
remains an intriguing, yet frustrating, investment option in the
security space for me. On one hand, I like the company’s strong cash
flow and large installed base. On the other hand, I continue to believe
that the company has under-invested in the business and allowed Palo Alto (PANW), Fortinet (FTNT)
and others to grow at their expense. With management stepping up its
sales and marketing investments and an easier set of comps in the first
half of 2019, the time may be ripe for Check Point to post a little
momentum and perhaps outperform in a market that could still be pretty
dicey in 2019, even though underlying security spending should remain
healthy.
Read more here:
Easier Comps And A Reasonable Valuation For Check Point
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