Credit Suisse Maintains Underperform Rating for Check Point Software: Here's What You Need To Know

Credit Suisse has decided to maintain its Underperform rating of Check Point Software CHKP and lower its price target from $115.00 to $105.00.

Shares of Check Point Software are trading up 1.86% over the last 24 hours, at $120.72 per share.

A move to $105.00 would account for a 13.02% decline from the current share price.

About Check Point Software

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2020, 45% of its revenue was from the Americas, 43% from Europe, and 12% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.