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Check Point Software Technologies' Q1 Results Disrupted by Changes in Go-To-Market Strategy, RBC Says

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-- Check Point Software Technologies' (CHKP) go-to-market strategy changes have disrupted its Q1 financial performance and are still playing out, RBC Capital Markets said in a note emailed Friday.

The company's Q1 results were "disappointing," with almost all key metrics missing analysts' consensus, and full-year 2026 revenue guidance was cut, RBC analysts said. This was mostly due to changes in its go-to-market strategy, wherein account managers were moved into new accounts and roles, creating more disruption than expected, specifically on the firewall refresh and new business, according to the note.

Check Point stated that sales should rebound, although analysts noted that Q2 is projected to have a larger decline in product revenue, and return to normal in Q3 and Q4, though declining year-over-year.

The company's exposure in the EMEA region also poses a risk as the conflict in the Middle East continues to drag out, the note said.

RBC maintained the company's stock rating at sector perform and lowered the price target to $135 from $157.

Price: $115.46, Change: $+2.99, Percent Change: +2.66%

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