Barclays analyst Saket Kalia lowered the firm’s price target on Check Point to $133 from $140 and keeps an Equal Weight rating on the shares. The company’s billings came in lower than the firm’s below-Street estimate, even after excluding $8M acquired deferred, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHKP:
- Check Point upgraded to Neutral at Piper on underlying signs of stability in Q3
- Check Point upgraded to Neutral from Underweight at Piper Sandler
- Check Point ups FY23 EPS view to $8.20-$8.40 from $7.70-$8.30, consensus $8.16
- Check Point sees Q4 EPS $2.35-$2.55, consensus $2.36
- Check Point Software Reports 2023 Third Quarter Financial Results