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Checkpoint Software (CHKP) PT Raised to $94 at Stifel Following 4Q Beat
January 20, 2017 10:01 AM ESTStifel 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
