Check Point Software reported a 6.6% revenue increase and Evercore ISI upgraded it to a "Hold" rating.
Evercore ISI upgraded Check Point Software Technologies to a "Hold" rating, aligning with a broader consensus among analysts. The cybersecurity firm reported a 6.6% year-over-year revenue increase, reaching $627.40 million, and earnings per share of $2.17, slightly above estimates. The stock has a consensus price target of $183.68, and institutional investors hold 87.62% of the shares, reflecting varied investment strategies among firms.
September 18, 2024
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