Check Point, Fortinet Signal Cybersecurity Strength
Quarterly reports from Check Point Software and Fortinet on Monday pointed to a strong earnings season for computer security companies, while an acquisition by Raytheon signaled more potential deal making ahead. Cybersecurity companies are seeing double-digit growth rates at a time when overall IT spending is expected to grow just 3% to 4%, said FBR Capital Markets analyst Daniel Ives. That was seen in Monday’s results, which