The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) is a huge mover today! About 3.42M shares traded hands or 175.81% up from the average. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 3.40% since March 29, 2016 and is downtrending. It has underperformed by 6.87% the S&P500.
The move comes after 7 months positive chart setup for the $15.17B company. It was reported on Oct, 31 by Barchart.com. We have $109.20 PT which if reached, will make NASDAQ:CHKP worth $4.40 billion more.
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. Barclays Capital downgraded the stock to “Underweight” rating in Wednesday, January 6 report. The rating was reinitiated by Wunderlich with “Hold” on Tuesday, September 13. Raymond James downgraded the stock to “Market Perform” rating in Thursday, April 21 report. The firm has “Mixed” rating by OTR GLobal given on Monday, July 11. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, June 16 report. The firm earned “Neutral” rating on Thursday, September 15 by Guggenheim. The rating was maintained by Citigroup on Wednesday, July 27 with “Neutral”. BTIG Research initiated the shares of CHKP in a report on Thursday, September 10 with “Neutral” rating. The company was initiated on Tuesday, December 15 by Evercore. UBS maintained the shares of CHKP in a report on Thursday, April 21 with “Neutral” rating.
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.”
More important recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Reuters.com which released: “Check Point Software sees stronger fourth quarter” on October 31, 2016, also Investorplace.com published article titled: “Check Point Software Technologies Ltd. (CHKP) Is a Strong Buy”, Forbes.com published: “T-Mobile Becomes #11 Most Shorted Nasdaq 100 Component, Replacing Check Point …” on October 26, 2016. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) was released by: Benzinga.com and their article: “Investors Cheer Check Point Software Q3 Results” with publication date: October 31, 2016.
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.
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