Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Check Point Software Technologies (CHKP) Stock Price
News headlines about Check Point Software Technologies (NASDAQ:CHKP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Check Point Software Technologies earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.5040696107725 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Short Sellers Grow More Selective in Cybersecurity Stocks – 24/7 Wall St. (247wallst.com)
- Check Point Software Technologies Ltd. (CHKP) registers a price change of -0.35% while Sohu.com Inc. (SOHU … – Stocks Gallery (stocksgallery.com)
- $449.39 Million in Sales Expected for Check Point Software Technologies Ltd. (CHKP) This Quarter (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Check Point Software Technologies Ltd. (finance.yahoo.com)
CHKP has been the subject of several recent analyst reports. Morgan Stanley raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $87.00 to $107.00 in a research report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $116.00 target price (up previously from $110.00) on shares of Check Point Software Technologies in a research report on Friday, April 21st. Cleveland Research raised Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, April 24th. BTIG Research reaffirmed a “buy” rating and issued a $118.00 target price on shares of Check Point Software Technologies in a research report on Monday, April 24th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, April 27th. Eighteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $109.25.
Check Point Software Technologies (CHKP) traded down 2.26% during midday trading on Thursday, reaching $104.99. The company’s stock had a trading volume of 895,597 shares. Check Point Software Technologies has a 52 week low of $74.34 and a 52 week high of $116.63. The firm has a 50 day moving average price of $109.65 and a 200-day moving average price of $105.55. The firm has a market cap of $17.15 billion, a P/E ratio of 23.29 and a beta of 0.72.
Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, July 20th. The technology company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Check Point Software Technologies had a net margin of 42.17% and a return on equity of 22.02%. The company had revenue of $458.60 million for the quarter, compared to analysts’ expectations of $454.62 million. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies will post $5.18 earnings per share for the current fiscal year.
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About Check Point Software Technologies
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services 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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