Today Check Point Software Technologies Ltd. Had High Bearish Options Activity

 Today Check Point Software Technologies Ltd. Had High Bearish Options Activity

In today’s session Check Point Software Technologies Ltd. (CHKP) recorded an unusually high (1,003) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious CHKP decrease. With 1,003 contracts traded and 764 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: CHKP161118P00072500 closed last at: $1.2 or 33.3% up. About 240,939 shares traded hands. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 7.39% since March 10, 2016 and is downtrending. It has underperformed by 14.91% the S&P500.

Analysts await Check Point Software Technologies Ltd. (NASDAQ:CHKP) to report earnings on October, 24. They expect $0.97 earnings per share, up 3.19% or $0.03 from last year’s $0.94 per share. CHKP’s profit will be $169.98 million for 19.44 P/E if the $0.97 EPS becomes a reality. After $0.97 actual earnings per share reported by Check Point Software Technologies Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Out of 16 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 2 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 13% are positive. Check Point Software Technologies Ltd. has been the topic of 20 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The rating was initiated by BTIG Research on Thursday, September 10 with “Neutral”. The company was initiated on Thursday, September 15 by Guggenheim. The firm earned “Underperform” rating on Friday, March 11 by Bernstein. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Deutsche Bank on Thursday, June 16. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Outperform” rating by Wells Fargo on Thursday, September 17. The firm has “Overweight” rating given on Wednesday, September 28 by PiperJaffray. Barclays Capital downgraded the stock to “Underweight” rating in Wednesday, January 6 report. Citigroup maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, July 27. Citigroup has “Neutral” rating and $89 price target. The company was downgraded on Monday, January 4 by Wells Fargo. The firm earned “Hold” rating on Tuesday, September 13 by Wunderlich.

According to Zacks Investment Research, “Check Point Software Technologies Ltd. is a leading provider of policy-based enterprise security and traffic management solutions. Through its patented Stateful Inspection technology, the company delivers Secure Enterprise Connectivity solutions that protect information assets and enhance the performance of enterprise networks. The company’s products include the world’s leading enterprise security suite, FireWall-1r, the industry’s leading family of virtual private network solutions, VPN-1T, and the industry’s premier bandwidth management solution, FloodGate-1T.”

Check Point Software Technologies Ltd. develops, markets and supports a range of services and products for information technology (IT) security. The company has a market cap of $13.22 billion. The Company’s services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has a 19.71 P/E ratio. 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.

CHKP Company Profile

Check Point Software Technologies Ltd. (Check point), incorporated in July 5, 1993, develops, markets and supports a range of services and products for information technology (IT) security. The Company’s services and products 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.

More news for Check Point Software Technologies Ltd. (NASDAQ:CHKP) were recently published by: Seekingalpha.com, which released: “Check Point Software A Secure Investment?” on October 12, 2016. Fool.com‘s article titled: “Better Buy: FireEye, Inc. vs. Check Point Software Technologies Ltd.” and published on September 29, 2016 is yet another important article.

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