BMO Capital analyst Keith Bachman raised the firm’s price target on Check Point to $140 from $133 and keeps a Market Perform rating on the shares. The company’s Q2 results were “mixed” as billings and product revenues missed consensus expectations, though sequential growth in billings was “good” and operating margins were “solid”, the analyst tells investors in a research note.
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Read More on CHKP:
- Check Point price target raised to $137 from $127 at Barclays
- SEC adopts new rules for cybersecurity breach disclosures from public companies
- Check Point still sees FY23 adjusted EPS $7.70-$8.30, consensus $8.02
- Check Point sees Q3 EPS $1.97-$2.07, consensus $1.97
- Check Point’s (NASDAQ: CHKP) Q2 Earnings Beat Estimates
