Check Point’s acquisition of Nokia’s security appliance business is expected to have a positive impact on the company’s top-line in FY 2009; although over the near to medium term we expect margins to be compromised, primarily due to the acquired Nokia business’ much lower margins. Our moderate growth expectations for operating margin are attributable to cost efficiency measures adopted by the…

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Check Point Software Technologies Ltd. (Check Point) signed an agreement to acquire Nokia Oyj’s (Nokia) security appliance business for an undisclosed amount. This acquisition enhances the company’s product portfolio and is in line with its strategy to provide Total Security solutions to its customers and address untapped business segments and geographies. This acquisition will provide a boost to Check Point’s revenues and earnings....

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Check Point Software Technologies Ltd. (Check Point) reported modest growth in revenues. Top-line growth was within Management’s guided range and in line with our expectations. Considering the company’s constant efforts to upgrade and innovate and its expansion strategy in terms of geography and product lines, we do not anticipate a change in our current rating for the Check Point common stock at current levels. The common stock price…