What’s Ahead for Check Point Software Technologies Ltd. After Today’s Bullish Options Activity?

 What's Ahead for Check Point Software Technologies Ltd. After Today's Bullish Options Activity?

In today’s session Check Point Software Technologies Ltd. (CHKP) registered an unusually high (1,130) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CHKP increase. With 1,130 contracts traded and 4244 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CHKP161118C00082500 closed last at: $1.8 or 111.8% up. About 995,948 shares traded hands. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 2.06% since March 30, 2016 and is downtrending. It has underperformed by 5.08% the S&P500.

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 stock has “Underperform” rating given by Bernstein on Friday, March 11. The rating was maintained by UBS on Thursday, April 21 with “Neutral”. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Outperform” rating given on Thursday, September 17 by Wells Fargo. The stock has “Neutral” rating given by Citigroup on Wednesday, July 27. The firm earned “Neutral” rating on Wednesday, August 24 by Robert W. Baird. The stock has “Market Perform” rating given by Wells Fargo on Monday, January 4. Evercore initiated the stock with “Hold” rating in Tuesday, December 15 report. On Thursday, April 21 the stock rating was downgraded by Raymond James to “Market Perform”. The rating was initiated by Goldman Sachs with “Neutral” on Monday, March 21. The stock has “Neutral” rating given by BTIG Research on Thursday, September 10.

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 $15.28 billion. The Company’s services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has a 21.85 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 important recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Fool.com which released: “Check Point Software Technologies Ltd. Earnings Top Company Guidance” 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: Zacks.com and their article: “Check Point Software (CHKP) Q3 Earnings: Will It Surprise?” with publication date: October 26, 2016.

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