Deutsche Bank Comments on Check Point Software and New Products

Deutsche Bank has published a report on Check Point Software (NASDAQ: CHKP) after the launch of new appliances.

In the report, Deutsche Bank wrote, "The company in its last earnings call had hinted at new product announcements in the near future, but revealed little details On Tuesday, in an event in New York City, CHKP unveiled two new security appliances with increased throughput and scalability and a new version of its R75 software. The company also introduced a performance rating system called “Security Power”. The new version of R75, the R75.20 includes new features and enhancements for URL filtering and DLP. The new appliances 21400 and 61000 offer increased performance and scalability."

Deutsche Bank rated Check Point Software a HOLD with a price target of $62.00. Check Point Software closed Wednesday at $56.78.