Analysts Upbeat On Check Point Software's Future: Price Targets Raised Post Q2 FY23 Results
Portfolio Pulse from Lekha Gupta
Check Point Software Technologies Ltd (CHKP) reported Q2 FY23 results, with revenue growth of 3% Y/Y to $588.7 million, slightly missing the consensus of $588.9 million. Non-GAAP EPS of $2.00 beat the consensus of $1.89. Several analysts raised the price target of CHKP following the results. CHKP shares are trading higher by 0.10% at $132.24.
July 27, 2023 | 6:48 pm
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Check Point Software reported Q2 FY23 results, slightly missing revenue consensus but beating EPS consensus. Analysts raised the price target of CHKP following the results, leading to a slight increase in stock price.
Check Point Software's Q2 FY23 results showed a slight miss on the revenue consensus but a beat on the EPS consensus. This mixed result, along with raised price targets from several analysts, likely contributed to the slight increase in CHKP's stock price.
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