Check Point Software Technologies Receives Average Rating of “Buy” from Analysts (NASDAQ:CHKP)
Check Point Software Technologies (NASDAQ:CHKP) has received a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $71.67.
CHKP has been the subject of a number of recent research reports. Analysts at Topeka Capital Markets raised their price target on shares of Check Point Software Technologies from $72.50 to $75.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Analysts at Goldman Sachs initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock.
Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 65.80 on Monday. Check Point Software Technologies has a one year low of $55.08 and a one year high of $69.92. The stock’s 50-day moving average is $66.29 and its 200-day moving average is $66.07. The company has a market cap of $12.498 billion and a price-to-earnings ratio of 19.39.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.02. The company had revenue of $363.00 million for the quarter, compared to the consensus estimate of $359.37 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that Check Point Software Technologies will post $3.66 EPS 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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