Are Analysts Bearish Check Point Software Technologies Ltd. (NASDAQ:CHKP) After Last Week?

January 15, 2018 - By Clifton Ray

 Are Analysts Bearish Check Point Software Technologies Ltd. (NASDAQ:CHKP) After Last Week?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Among 32 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 6 have Buy rating, 1 Sell and 25 Hold. Therefore 19% are positive. Check Point Software Technologies Ltd. had 68 analyst reports since September 10, 2015 according to SRatingsIntel. Jefferies maintained the shares of CHKP in report on Tuesday, May 30 with “Buy” rating. RBC Capital Markets maintained the stock with “Hold” rating in Friday, August 4 report. The rating was maintained by Jefferies with “Buy” on Thursday, October 19. The stock has “Buy” rating by Oppenheimer on Monday, August 14. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 27 report. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Neutral” rating given on Friday, July 21 by PiperJaffray. The stock has “Buy” rating by BTIG Research on Tuesday, February 7. Wunderlich reinitiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Tuesday, September 13 with “Hold” rating. Jefferies maintained it with “Buy” rating and $118 target in Wednesday, January 18 report. As per Thursday, April 21, the company rating was downgraded by Raymond James. Below is a list of Check Point Software Technologies Ltd. (NASDAQ:CHKP) latest ratings and price target changes.

12/12/2017 Broker: J.P. Morgan Rating: Hold New Target: $121.0 Downgrade
01/11/2017 Broker: UBS Rating: Neutral Old Target: $108 New Target: $110 Maintain
01/11/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $110 New Target: $106 Maintain
01/11/2017 Broker: Credit Suisse Rating: Hold New Target: $105.0 Maintain
01/11/2017 Broker: JP Morgan Rating: Neutral Old Target: $123 New Target: $121 Maintain
01/11/2017 Broker: Stephens Rating: Hold New Target: $110.0 Downgrade
01/11/2017 Broker: BTIG Research Rating: Hold Downgrade
01/11/2017 Broker: Cowen & Co Rating: Hold New Target: $112.0 Downgrade
01/11/2017 Broker: Northland Capital Rating: Hold New Target: $120.0 Maintain
19/10/2017 Broker: Jefferies Rating: Buy New Target: $126.0 Maintain

The stock increased 0.06% or $0.06 during the last trading session, reaching $103. About 999,049 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since January 15, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Check Point Software Technologies Ltd. provides hardware and software services and products for IT security worldwide. The company has market cap of $16.84 billion. The firm offers a portfolio of network security, endpoint security, data security, and management solutions. It has a 22.01 P/E ratio. It provides security gateways to protect the networks and prevent the threats of enterprises, data centers, and small and large branch offices; security gateway appliances, including platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and security management software, which offers security management through a single console that streamlines security activities and provides visibility into policy administration and threat analysis.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Globenewswire.com which released: “December’s Most Wanted Malware: Crypto-Miners Affect 55% of Businesses Worldwide” on January 15, 2018, also Fool.com with their article: “Where Will Check Point Software Technologies Be in 5 Years?” published on December 25, 2017, Zacks.com published: “Can Check Point Software Maintain its Performance in 2018?” on December 22, 2017. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) were released by: Globenewswire.com and their article: “Check Point Software Technologies Ltd.: Media Alert” published on January 15, 2018 as well as Globes.Co.Il‘s news article titled: “Oppenheimer backs Check Point and cybersecurity sector” with publication date: January 15, 2018.

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