Check Point Software Technologies Reports 2023 First Quarter Financial Results

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BTIG Downgrades Checkpoint Software (CHKP) to Neutral

May 2, 2023 5:38 AM UTC

BTIG analyst Gary Powell downgraded Checkpoint Software (NASDAQ: CHKP) from Buy to Neutral.

The analyst comments "We are downgrading CHKP to Neutral from Buy following weaker-than-expected Q1 results. Most notably, billings came in at $485.3MM/-3.3% vs. the Street est. of $524.5MM/+4.5%. Product revenue of... More