Why Check Point Software Shares Got Crushed Today
Shares of Check Point Software (NASDAQ: CHKP) got crushed today, down by 10% as of 11:20 a.m. EDT after the company reported fiscal third-quarter results. While the numbers topped expectations, guidance left investors disappointed.
Revenue in the third quarter totaled $455 million, beating the consensus estimate of $449.4 million. The data security specialist posted non-GAAP earnings per share of $1.30, also ahead of Wall Street expectations of $1.24 per share in adjusted profit. Software Blades subscriptions revenue jumped 22% to $120 million.
Image source: Check Point.
Source: Fool.com
Check Point Software Technologies Ltd. Stock
€160.30
1.360%
With 29 Buy predictions and 1 Sell predictions Check Point Software Technologies Ltd. is one of the favorites of our community.
With a target price of 173 € there is a slightly positive potential of 7.92% for Check Point Software Technologies Ltd. compared to the current price of 160.3 €.
