Why Check Point Software Technologies Stock Dropped 11.4% in November
Shares of Check Point Software Technologies Ltd. (NASDAQ: CHKP) fell 11.4% in November, according to data from S&P Global Market Intelligence, after the cybersecurity specialist posted reasonably strong quarterly results, but followed with disappointing forward sales guidance.
Nearly all of CheckPoint Software's decline last month came on Nov. 1 alone -- the first trading day after the company announced third-quarter 2017 results. More specifically, Check Point's quarterly revenue climbed 6% year over year to $455 million -- near the high end of the company's projections -- which translated to better-than-expected 15% growth in adjusted earnings per share, to $1.30.
IMAGE SOURCE: CHECK POINT SOFTWARE.
Source: Fool.com
Check Point Software Technologies Ltd. Stock
€167.10
1.080%
We see a rather positive sentiment for Check Point Software Technologies Ltd. with 16 Buy predictions and 1 Sell predictions.
As a result the target price of 173 € shows a slightly positive potential of 3.53% compared to the current price of 167.1 € for Check Point Software Technologies Ltd..
