Oppenheimer Reiterates Outperform Rating on Check Point Software (CHKP)

Oppenheimer reiterated its Outperform rating on shares of Check Point Software Technologies CHKP yesterday. Oppenheimer maintains a $43 Price target on Check Point Software Technologies. Oppenheimer analysts note that "Last year (2Q09) CHKP launched its software blade architecture and it has seen tremendous success so far. In 1H10 software blades accounted for more than 80% of CHKP's new product sales." The company "boasts 33 blades and we expect this number to grow organically and through small tuck-in acquisitions (like the recent Liquid Machine and last year's Face Time)." Further, analysts "believe CHKP's "blades" can become "swords," further supporting [the] view for continued double digit growth in 2010-2011." Check Point Software Technologies Ltd. develops, markets and supports a range of software, as well as combined hardware and software products and services for information technology (IT) security. Shares are higher by 2.65% this morning, to $35.78.