Nomura Securities Maintains a 'Buy' on Checkpoint Software (CHKP); Q2 First Look: Estimates Under Review
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Price: $131.72 -1.87%
Rating Summary:
17 Buy, 30 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 30 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Checkpoint Software (NASDAQ: CHKP) price target of $72.00.
Analyst, Rick Sherlund, said, "First look; billings +9%, $1B share repo authorized. Check Point’s 2Q’12 billings (calculated as revenue plus change in deferred revenue) of $323mn were 2% above our estimate of $318mn and 1% below of Street expectations of $326mn. This represents 9% growth YoY. We believe this will be viewed positively by investors. Check Point’s 2Q’12 EPS of $0.77 was about 1% ahead of Street expectations of $0.76 and 1% ahead of our expectation of $0.76."
Sherlund to review his estimates after conference call.
For an analyst ratings summary and ratings history on Checkpoint Software click here. For more ratings news on Checkpoint Software click here.
Shares of Checkpoint Software closed at $45.62 yesterday.
Analyst, Rick Sherlund, said, "First look; billings +9%, $1B share repo authorized. Check Point’s 2Q’12 billings (calculated as revenue plus change in deferred revenue) of $323mn were 2% above our estimate of $318mn and 1% below of Street expectations of $326mn. This represents 9% growth YoY. We believe this will be viewed positively by investors. Check Point’s 2Q’12 EPS of $0.77 was about 1% ahead of Street expectations of $0.76 and 1% ahead of our expectation of $0.76."
Sherlund to review his estimates after conference call.
For an analyst ratings summary and ratings history on Checkpoint Software click here. For more ratings news on Checkpoint Software click here.
Shares of Checkpoint Software closed at $45.62 yesterday.
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