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Fly News Breaks for April 25, 2018
CHKP
Apr 25, 2018 | 17:26 EDT
JPMorgan analyst Sterling Auty lowered his price target on Check Point to $103 and kept his Neutral rating after the company's Q1 results, saying revenue growth has decelerated for the 3rd consecutive quarter. The analyst also expects some headwinds on cash flows given that the new Infinity platform contributes less to upfront revenue, while noting that the ramp process is progressing slower than anticipated.
News For CHKP From the Last 2 Days
CHKP
Apr 25, 2024 | 08:53 EDT
Sees Q2 revenue $607M-637M, consensus $623.27M. Comments taken from Q1 earnings conference call.
