Check Point slips after Q3 revenue miss

By Reuters News9 hours ago Updated

** Shares of Check Point Software Technologies CHKP.O slip 8% to $140 in premarket trading

** Israel-based cybersecurity firm reports Q3 EPS of $2.49, in line with analyst expectations, but down 37% from $3.97 a year earlier

** Q3 revenue totaled $670 mln, slightly below the $672 mln estimate and down about 1% from $677 mln in the prior-year period

** Co says revenue reached a trough in the Q3 and expects gradual improvement beginning in the Q4

** Stock had stayed above its 20 days moving average since Oct 8

** 14 of 39 brokerages rate the stock "buy" or higher, and 25 "hold"; their median PT is $145, according to data compiled buy LSEG

** As of last close, stock had fallen 18% YTD

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