Check Point Software Technologies (NASDAQ: CHKP) recently received a number of ratings updates from brokerages and research firms:

  • 7/12/2017 – Check Point Software Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/5/2017 – Check Point Software Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/4/2017 – Check Point Software Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Check Point has evolved into a well-known provider of information technology (IT) security solutions across the world. We believe that the rapid adoption of Check Point’s data center appliances and continuous enhancements in data center product lines will provide ample support to its top line. The company’s focus on enhancing mobile capabilities will aid it to tap greater larger opportunities. Furthermore, Check Point’s strategy of growing through acquisitions is praiseworthy. Notably, the stock has outperformed the broader market over the last one year. Nonetheless, changing customer spending behavior remains a near-term concern. Intensifying competition and an uncertain macroeconomic environment add to its woes.”
  • 7/4/2017 – Check Point Software Technologies had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $115.00 price target on the stock.
  • 6/30/2017 – Check Point Software Technologies had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $120.00 price target on the stock.
  • 6/12/2017 – Check Point Software Technologies was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $107.79 price target on the stock.
  • 6/9/2017 – Check Point Software Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/7/2017 – Check Point Software Technologies is now covered by analysts at Susquehanna Bancshares Inc. They set a “positive” rating and a $132.00 price target on the stock.
  • 6/1/2017 – Check Point Software Technologies had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $117.00 price target on the stock.
  • 5/25/2017 – Check Point Software Technologies had its price target raised by analysts at Citigroup Inc. from $109.00 to $111.00. They now have a “neutral” rating on the stock.
  • 5/25/2017 – Check Point Software Technologies was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $107.79 price target on the stock.

Shares of Check Point Software Technologies Ltd. (CHKP) traded up 0.21% during midday trading on Monday, reaching $114.32. The company’s stock had a trading volume of 601,153 shares. The company’s 50-day moving average price is $111.10 and its 200-day moving average price is $101.20. Check Point Software Technologies Ltd. has a 12 month low of $74.34 and a 12 month high of $115.87. The company has a market cap of $18.88 billion, a PE ratio of 26.51 and a beta of 0.73.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Check Point Software Technologies had a net margin of 41.75% and a return on equity of 21.53%. The business had revenue of $435.50 million during the quarter, compared to the consensus estimate of $432.41 million. During the same quarter in the prior year, the firm earned $1.06 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 EPS for the current fiscal year.

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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