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Benzinga
Benzinga
Business
Anusuya Lahiri

Check Point Saw Subdued Billings Growth In 2Q; Analysts Remain Cautious As They Expect Tougher 2H

Check Point CHKP Nasdaq Check Point Software Technologies Ltd Phil Winslow

Analysts lauded Check Point Software Technologies Ltd's (NASDAQ:CHKP) Q2 beat, which faced a tough comparison versus Q2 2021 thanks to three large multi-year deals.

Credit Suisse analyst Phil Winslow had an Underperform on the stock with a price target of $115. Check Point reported Q2 results above consensus, driven by stronger-than-expected product revenue and continued demand for firewall refresh, he noted.

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