Robinson Humphrey Cuts Internet Security Firms to Outpeform

Analyst says Check Point and Internet Security Systems will have slightly increased risk of being impacted by a broad slowdown in IT spending

Robinson Humphrey lowered its investment rating on Internet security firms Check Point Software (CHKP ) and Internet Security Systems (ISSX ) to outpefrom from buy based on the slightly increased risk of security solutions companies being impacted by a broad slowdown in IT spending and the demand environment. Shares of both companies were down sharply.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.