Check Point initiated with a Neutral at Roth Capital

Roth Capital analyst Taz Koujalgi initiated coverage of Check Point (CHKP) with a Neutral rating and $215 price target The company’s growth lags its peers and its new customer adds are light, the analyst tells investors in a research note. The firm says that although Check Point has diversified its portfolio, an analysis indicates that 80% of its revenues are still driven by firewalls.