Could Check Point Software Technologies Ltd. Rise Even More? The Stock Had Bullish Options Activity

 Could Check Point Software Technologies Ltd. Rise Even More? The Stock Had Bullish Options Activity

In today’s session Check Point Software Technologies Ltd. (CHKP) registered an unusually high (305) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CHKP increase. With 305 contracts traded and 474 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CHKP161216C00090000 closed last at: $0.4 or 27.3% down. About 633,931 shares traded hands. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 4.54% since April 13, 2016 and is downtrending. It has underperformed by 8.47% 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. On Thursday, September 17 the stock rating was maintained by Wells Fargo with “Outperform”. The firm has “Neutral” rating given on Wednesday, August 24 by Robert W. Baird. Raymond James downgraded Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Thursday, April 21 to “Market Perform” rating. The stock has “Mixed” rating given by OTR GLobal on Monday, July 11. As per Thursday, April 21, the company rating was maintained by UBS. The firm has “Neutral” rating by Goldman Sachs given on Monday, March 21. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Neutral” rating by Guggenheim on Thursday, September 15. Wunderlich reinitiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Tuesday, September 13 with “Hold” rating. As per Wednesday, September 28, the company rating was initiated by PiperJaffray. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup.

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 $14.48 billion. The Company’s services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has a 20.99 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 recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Fool.com which released: “Better Buy: FireEye, Inc. vs. Check Point Software Technologies Ltd.” on September 29, 2016. Also Prnewswire.com published the news titled: “Altair Semiconductor and Check Point Software Co-Develop IoT Security Solution” on November 15, 2016. Reuters.com‘s news article titled: “Check Point Software sees stronger fourth quarter” with publication date: October 31, 2016 was also an interesting one.

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