03:25 PM EDT, 04/18/2024 (MT Newswires) -- Check Point Software Technologies ( CHKP ) partners remained mixed on the company's channel program and pessimistic around the company's firewall offering ahead of the company's Q1 earnings, UBS said in an earnings preview emailed Thursday.

Despite positive developments in March, investor sentiment also "feels weaker," making it "too early to get excited about a double-digit growth trajectory," the firm said.

UBS is estimating a 6% year-over-year growth in revenue during the March quarter compared to the consensus of 5%.

Outlook surrounding the company's cloud security platform CloudGuard also appeared "slightly more muted" when compared to the previous quarter, with one partner suggesting a lack of innovation in one of the company's more competitive solutions in its broader portfolio, UBS said.

The firm maintained neutral rating on the company's stock and a $175 price target.