Check Point Software Given “Buy” Rating at TheStreet (CHKP)
Check Point Software (NASDAQ: CHKP)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Wednesday.
The analysts wrote, “Check Point Software Technologies (CHKP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
Check Point Software opened at 51.75 on Wednesday. Check Point Software has a 52-week low of $40.60 and a 52-week high of $65.00. The stock’s 50-day moving average is currently $50.58. The company has a market cap of $10.362 billion and a price-to-earnings ratio of 17.48.
Check Point Software last released its earnings data on Wednesday, January 23rd. The company reported $0.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.03. The company had revenue of $368.60 million for the quarter, compared to the consensus estimate of $373.66 million. During the same quarter last year, the company posted $0.84 earnings per share. Check Point Software’s revenue was up 3.3% compared to the same quarter last year. Analysts expect that Check Point Software will post $3.43 EPS for the current fiscal year.
CHKP has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Check Point Software in a research note to investors on Wednesday, January 30th. They now have a $51.00 price target on the stock. Separately, analysts at Lazard Capital Markets set a $58.00 price target on shares of Check Point Software in a research note to investors on Thursday, January 24th. Finally, analysts at MKM Partners raised their price target on shares of Check Point Software from $48.00 to $52.00 in a research note to investors on Wednesday, January 23rd. They now have a “buy” rating on the stock.
Nineteen research analysts have rated the stock with a buy rating, two have issued an overweight rating, and eleven have given a hold rating to the company. Check Point Software presently has a consensus rating of “overweight” and an average target price of $54.79.
Check Point Software Technologies Ltd. (Check Point) develops technologies to communications and transactions over the Internet by enterprises and consumers.
To view TheStreet’s full report, visit www.thestreetratings.com
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