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. We therefore maintain our current BUY rating for the Check Point NASDAQ common stock. As we continue to anticipate a positive currency impact on the European stock over the next 6-12 months, we do not anticipate any change in our current rating on the European stock.

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