Check Point Software Technologies Ltd. (CHKP) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Check Point Software Technologies Ltd. (CHKP) : The highest level Check Point Software Technologies Ltd. (CHKP) is projected to reach is $105 for the short term and the lowest estimate is at $84. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $92.82 and the possibility the share price can swing is $6.
Check Point Software Technologies Ltd. (NASDAQ:CHKP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.26 and $79.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.63, notching a gain of 2.37% for the day. The total traded volume was 2,788,372 . The stock had closed at $79.74 on the previous day.
Also, Deutsche Bank downgrades its rating on Check Point Software Technologies Ltd. (NASDAQ:CHKP). The global brokerage major lowers the current price target from $95 per share to $90 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on June 16, 2016. The company shares have rallied 1.32% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $89.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $82.75 and the 200 Day Moving Average price is recorded at $82.07.
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 Checkpoints 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.