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Fly News Breaks for January 13, 2020
CHKP
Jan 13, 2020 | 20:33 EDT
First Analysis analyst Howard Smith downgraded Check Point to Neutral from Outperform with a price target of $119, down from $133, as part of his broader research note on the cyber security sector. The analyst is concerned that the company will continue to suffer from disappointing growth, "lackluster" innovation, and loss of market share in spite of its strong cash flows and stock buybacks. Smith adds that Check Point's sales execution remains "moderate" and is lacking compelling product announcements.
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.