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Fly News Breaks for January 20, 2017
CHKP
Jan 20, 2017 | 08:37 EDT
After Check Point reported stronger than expected Q4 results, Bernstein analyst Pierre Ferragu nonetheless still believes that the company's fundamentals are weakening. He notes that its product and licensing revenue, as well as its software and maintenance revenue, all only increased 2% year-over-year. The analyst adds that the company's "opex productivity remains lackluster." He keeps an Underperform rating on the stock.
News For CHKP From the Last 2 Days
CHKP
Apr 26, 2024 | 08:09 EDT
Stifel analyst Adam Borg lowered the firm's price target on Check Point to $165 from $170 and keeps a Hold rating on the shares following what the firm calls "a solid print." Q2 guidance brackets consensus while FY24 guidance is reaffirmed, added the analyst, who believes Check Point has a number of drivers to sustain mid-to-high single-digit top-line growth, but also thinks valuation largely reflects this.
CHKP
Apr 25, 2024 | 08:53 EDT
Sees Q2 revenue $607M-637M, consensus $623.27M. Comments taken from Q1 earnings conference call.