Check Point slips after Q3 revenue miss

By Reuters News

** 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

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk