04:08 PM EDT, 07/11/2024 (MT Newswires) -- Check Point Software Technologies ( CHKP ) faces a mixed investor outlook as prospects on segments appear to diverge, UBS Securities said in a report emailed Thursday.

"We remain on the sidelines into the Q2] print," the report said. UBS maintained a neutral rating on Check Point with a 12-month price target of $175. Result for Q2 are set for July 24.

"While checks skewed more positive this quarter, we think investor expectations are already capturing more positive channel views, particularly as it relates to the product portfolio refresh," UBS said. "Conversely, we are not hearing as much positivity around the rest of the portfolio," particularly in the US, the report said.

"Conviction in double-digit topline growth likely remains the key to drive a re-rating, but such an outcome seems unlikely on the coming print in our view," UBS said.

Check Point shares fell 0.2% in the regular session Thursday.

Price: 170.00, Change: -0.31, Percent Change: -0.18