Check Point Software Rating Increased to Outperform at Cowen and Company (CHKP)
Check Point Software (NASDAQ:CHKP) was upgraded by investment analysts at Cowen and Company to an “outperform” rating in a note issued to investors on Wednesday, Stock Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Check Point Software from $60.00 to $62.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Check Point Software in a research note to investors on Wednesday, July 31st. They now have a $59.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “buy” rating on shares of Check Point Software in a research note to investors on Saturday, July 20th. They now have a $63.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.66.
Check Point Software (NASDAQ:CHKP) traded down 0.96% during mid-day trading on Wednesday, hitting $55.698. 1,148,207 shares of the company’s stock traded hands. Check Point Software has a 52 week low of $40.60 and a 52 week high of $59.49. The stock’s 50-day moving average is $57.0 and its 200-day moving average is $52.20. The company has a market cap of $10.938 billion and a P/E ratio of 18.36.
Check Point Software (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $340.20 million for the quarter, compared to the consensus estimate of $337.22 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts predict that Check Point Software will post $3.41 earnings per share for the current fiscal year.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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