Piper Sandler Upgrades Checkpoint Software (CHKP) to Neutral
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October 31, 2023 6:53 AM EDT
Citi analyst Fatima Boolani reiterated a Neutral rating and $135.00 price target on Checkpoint Software (NASDAQ: CHKP)
The analyst comments "An underwhelming 3Q product -14% YoY; billings -3% YoY PF for slipped deal, +$8M from Perimeter81, flattish FCF YoY ex- M&A and 4QE revs guide demonstrate... More
October 30, 2023 3:28 PM EDT
Stifel analyst Adam Borg reiterated a Hold rating and $135.00 price target on Checkpoint Software (NASDAQ: CHKP).
The analyst comments "Net/net, management remains optimistic that an improving macro, execution, and broadening portfolio can help drive top-line re-acceleration in coming years.... More
October 30, 2023 3:25 PM EDT
Evercore ISI analyst Amit Daryanani reiterated an In Line rating and $135.00 price target on Checkpoint Software (NASDAQ: CHKP).
The analyst comments "CHKP reported a solid Q3 beat this morning before market open with revenue/EPS of $596.3M/$2.07 vs. consensus $592M/$2.02. Revenue upside was attributed to strength in subscriptions (+15%) which was driven by Harmony/e-mail, though calculated billings of $531M were down -5% y/y and moderately below consensus ($559M) due to a combination of a high rate environment/ flexible consumption models offered via Infinity weighing on... More
