These Analysts Revise Their Forecasts On Check Point Software After Q3 Results

Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Monday reported mixed third-quarter results.

Adjusted EPS of $2.49 narrowly beat the $2.48 analyst estimate. However, revenue fell 1% year over year (Y/Y) to $669.8 million, missing the consensus estimate of $672.03 million.

Check Point Software Tech narrowed its FY2026 adjusted EPS guidance from $10.05-$10.85 to $10.25-$10.37 and cut sales guidance from $2.770 billion-$2.850 billion to $2.732 billion-$2.782 billion.

“Third-quarter results were in line with our expectations. Security subscriptions revenue grew 11 percent year over year, supported by strong demand for Email, CTEM, and AI Security,” said Nadav Zafrir, CEO of Check Point Software. “We believe revenues reached a trough in the third quarter, and we expect gradual improvement beginning in the fourth quarter. The recovery is taking longer than anticipated, but we remain confident in our vision. Our leading indicators are improving, which is encouraging, and we remain focused on driving sustainable growth.”

Check Point Software shares gained 0.7% to $142.50 in pre-market trading.

These analysts made changes to their price targets on Check Point Software following earnings announcement.

• Baird analyst Shrenik Kothari maintained the stock with an Outperform rating and lowered the price target from $175 to $170.
• Susquehanna analyst Shyam Patil maintained the stock with a Positive and raised the price target from $150 to $165.

Considering buying CHKP stock? Here’s what analysts think:

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