Check Point Service revenue expectations appear high, says Roth

Roth Capital reiterated a Neutral rating and $215 price target on Check Point (CHKP), with the firm saying its channel partner checks indicated a slight downtick in momentum versus 2Q25. Qualitative commentary was positive this less discounting in the quarter compared to the prior few quarters, and Check Point is also not being very aggressive in the last week of the quarter, the analyst tells investors in a research note. Though Street expectations for total revenues appear conservative, the firm believes Street expectations for Service revenues are a bit high and hence could come in blow expectations. The firm added that it sees a slight risk to Street billings expectations of roughly $607M as well as buy-side billings expectations of about t$615M-$620M.