Check Point Software Technologies Reports 2016 Fourth Quarter and Full Year Financial Results

Checkpoint Software (CHKP) PT Raised to $94 at Stifel Following 4Q Beat

Stifel raised its price target on Checkpoint Software (NASDAQ: CHKP) to $94.00 (from $80.00) while maintaining a Hold rating following the company's 4Q earnings report. For the quarter, total revenue increased 6.3% y/y to $486.7mn, exceeding the Street estimate of $477.6mn. Billings line increased 12.2% y/y to $663.8mn and meaningfully exceeded $622.5mn estimates. Management accredited the acceleration in... More

First Analysis Upgrades Checkpoint Software (CHKP) to Overweight

First Analysis upgraded Checkpoint Software (NASDAQ: CHKP) from Equal Weight to Overweight.

For an analyst ratings summary and ratings history on Checkpoint Software click here. For more ratings news on Checkpoint Software click here.

Shares of Checkpoint Software closed at $96.34 yesterday.

Checkpoint Software (CHKP) PT Raised to $105 at Instinet

Instinet raised its price target on Checkpoint Software (NASDAQ: CHKP) to $105.00 (from $95.00) while maintaining a Buy rating.

Analyst Frederick Grieb commented, "Check Point announced 4Q'16 results, with billings growth of 12% yoy, above our estimate and above the 7% growth in the September... More

Checkpoint Software (CHKP) PT Raised to $115 at Oppenheimer

Oppenheimer raised its price target on Checkpoint Software (NASDAQ: CHKP) to $115.00 (from $99.00) while maintaining a Outperform rating following "strong" Q4 results.

Analyst Shaul Eyal commented, "CHKP reported solid results, beating consensus estimates in revenues, operating margins, and billings driven by strong performance... More

UPDATE: JPMorgan Upgrades Checkpoint Software (CHKP) to Overweight

(Updated - January 20, 2017 5:57 AM EST)

JPMorgan upgraded Checkpoint Software (NASDAQ: CHKP) from Neutral to Overweight, price target at $115.00 (from $91.00)

Analyst Sterling Auty comments "Upgrading to Overweight and raising price target to $115. 2016 was a tough year for security stocks as... More

Check Point Software Technology (CHKP) Tops Q4 EPS by 21c

Check Point Software Technology (NASDAQ: CHKP) reported Q4 EPS of $1.46, $0.21 better than the analyst estimate of $1.25. Revenue for the quarter came in at $487 million versus the consensus estimate of $477.82 million.

"We had a great finish to 2016 with healthy business growth in all... More