Check Point Software Technologies Ltd. (CHKP) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on May 10, 2016.
Many Wall Street Analysts have commented on Check Point Software Technologies Ltd.. Check Point Software Technologies Ltd. was Downgraded by Raymond James to ” Mkt Perform” on Apr 21, 2016. Shares were Reiterated by Topeka Capital Markets on Apr 21, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $102 .Company shares were Reiterated by RBC Capital Mkts on Apr 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .
On the company’s financial health, Check Point Software Technologies Ltd. reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.03. The company had revenue of $404.30 million for the quarter, compared to analysts expectations of $404.37 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Check Point Software Technologies Ltd. opened for trading at $81.01 and hit $81.9 on the upside on Friday, eventually ending the session at $81.89, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 8,15,428 shares. Company has a market cap of $14,323 M.
Check Point Software Technologies Ltd (Check point) develops markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises service providers small and medium sized businesses and consumers. The Checkpoint’s Software Blade architecture offers enterprises a common 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. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.