Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Check Point Software Technologies (CHKP) Stock Price
News stories about Check Point Software Technologies (NASDAQ:CHKP) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Check Point Software Technologies earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.6824306461024 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Check Point Software Technologies Ltd. (NASDAQ:CHKP) Issues Quarterly Earnings Results (expressnewsline.com)
- ‘Get rich or die trying’ – Check Point Researchers Uncover International Cyber Attack Campaign (finance.yahoo.com)
- New ZoneAlarm Anti-Ransomware Protects Home PCs Against Extortion Attacks (finance.yahoo.com)
- Teva Falls Hard, Loses Title as Israel’s Biggest Firm (finance.yahoo.com)
- Check Point Software Technologies Ltd. (CHKP) Earns Outperform Rating from Oppenheimer Holdings, Inc. (americanbankingnews.com)
Several research firms recently commented on CHKP. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $128.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 26th. Evercore ISI set a $100.00 price objective on Check Point Software Technologies and gave the stock a “hold” rating in a report on Friday. BidaskClub upgraded Check Point Software Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Vetr upgraded Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $107.79 price objective for the company in a report on Monday, June 12th. Finally, Cowen and Company reiterated a “buy” rating and issued a $113.00 price objective on shares of Check Point Software Technologies in a report on Friday, July 21st. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $109.47.
Check Point Software Technologies (NASDAQ CHKP) traded down 0.45% on Tuesday, reaching $107.76. The company had a trading volume of 704,336 shares. The stock’s 50 day moving average is $109.13 and its 200-day moving average is $105.86. The stock has a market capitalization of $17.60 billion, a P/E ratio of 23.91 and a beta of 0.72. Check Point Software Technologies has a 1-year low of $74.34 and a 1-year high of $116.63.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a return on equity of 22.02% and a net margin of 42.17%. The company had revenue of $458.60 million for the quarter, compared to analyst estimates of $454.62 million. During the same period last year, the company earned $1.09 earnings per share. Check Point Software Technologies’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts predict that Check Point Software Technologies will post $5.18 EPS for the current fiscal year.
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About Check Point Software Technologies
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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