It's pretty well-established that buying stocks in the summer months is a recipe for underperformance (the so-called “Sell in May and go away” effect). That's even truer for tech stocks, which makes the notion of buying underperforming Check Point Software (Nasdaq:CHKP) for a second half rebound sound a little crazy. Sometimes crazy works, though, and investors may have a real reason to keep an eye on these shares.
No Good News Yet In Q1
Check Point has had a growth problem for some time now, and that didn't get noticeably better in the first quarter. In fact, the best that can be said about Check Point's first quarter performance is that it marked the end of what has been more than a two-year period of sequential quarterly growth deceleration.
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http://www.investopedia.com/stock-analysis/050613/check-point-software-could-be-secondhalf-rebounder-chkp-csco-panw-ftnt-fire.aspx
Investopedia: Check Point Software Coulld Be A Second-Half Rebounder
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