A number of firms have modified their ratings and price targets on shares of Check Point Software Technologies (NASDAQ: CHKP) recently:

  • 9/15/2016 – Check Point Software Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Estimates have been stable lately for Check Point. 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. Additionally, the company’s efforts on continuous share buybacks bode well for investors. Nonetheless, we are slightly cautious about its near-term performance due to changing customer spending behavior. In the past few months, various players in the cyber security space noticed that the companies have been breaking their cybersecurity investment plans into phases and implementing the same over longer periods of time, instead of making a single large investment.”
  • 9/14/2016 – Check Point Software Technologies is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.
  • 9/13/2016 – Check Point Software Technologies is now covered by analysts at Wunderlich. They set a “hold” rating and a $80.00 price target on the stock.
  • 9/8/2016 – Check Point Software Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Estimates have been stable lately for Check Point. 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. Additionally, the company’s efforts on continuous share buybacks bode well for investors. Nonetheless, we are slightly cautious about its near-term performance due to changing customer spending behavior. In the past few months, various players in the cyber security space noticed that the companies have been breaking their cybersecurity investment plans into phases and implementing the same over longer periods of time, instead of making a single large investment.”
  • 8/23/2016 – Check Point Software Technologies is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $83.00 price target on the stock.
  • 8/22/2016 – Check Point Software Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “The leading policy-based enterprise security and traffic management solution provider, Check Point Software’s second-quarter 2016 results were marked by in-line earnings and better-than-expected revenues. The year-over-year improvement in both the top and bottom line was further encouraging. Moving ahead, rapid adoption of Check Point’s data center appliances and continuous enhancements in data center product lines are expected to provide ample top-line support. Additionally, the company’s efforts on continuous share buybacks bode well for investors. Nonetheless, near-term prospects for Check Point are not promising as changing customer spending behavior has recently hit several other players in this space. Intensifying competition, an uncertain economic environment and currency headwinds are other concerns.”
  • 8/17/2016 – Check Point Software Technologies had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $94.00 price target on the stock.
  • 7/27/2016 – Check Point Software Technologies had its price target raised by analysts at Wunderlich from $95.00 to $105.00. They now have a “buy” rating on the stock.
  • 7/27/2016 – Check Point Software Technologies had its price target raised by analysts at Needham & Company LLC from $95.00 to $100.00. They now have a “buy” rating on the stock.
  • 7/27/2016 – Check Point Software Technologies had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $95.00 price target on the stock.
  • 7/27/2016 – Check Point Software Technologies had its price target raised by analysts at Citigroup Inc. from $88.00 to $89.00. They now have a “neutral” rating on the stock.
  • 7/27/2016 – Check Point Software Technologies had its “hold” rating reaffirmed by analysts at Pacific Crest.
  • 7/27/2016 – Check Point Software Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $86.00 to $89.00. They now have a “neutral” rating on the stock.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) traded up 1.54% during mid-day trading on Wednesday, reaching $75.96. The company had a trading volume of 816,279 shares. Check Point Software Technologies Ltd. has a one year low of $71.64 and a one year high of $89.98. The firm has a 50 day moving average of $75.93 and a 200-day moving average of $81.25. The stock has a market capitalization of $12.98 billion, a P/E ratio of 19.50 and a beta of 0.91.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The business earned $423 million during the quarter, compared to analyst estimates of $422.19 million. Check Point Software Technologies had a return on equity of 20.18% and a net margin of 41.19%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post $4.47 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.

5 Day Chart for NASDAQ:CHKP

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