Check Point Software Technologies Ltd. (CHKP) is Resumed by Wunderlich to Hold, Lowers Price Target to $ 80

Check Point Software Technologies Ltd. (CHKP) was Resumed by Wunderlich to “Hold” while Lowering the Price Target of the company shares to $ 80 from a previous price target of $95 . Wunderlich advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on Check Point Software Technologies Ltd.. Robert W. Baird Initiated Check Point Software Technologies Ltd. on Aug 24, 2016 to “Neutral”, Price Target of the shares are set at $83.Shares were Reiterated by Needham on Jul 27, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $100 .Shares were Reiterated by Wunderlich on Jul 27, 2016 to “Buy” and Lowered the Price Target to $ 95 from a previous price target of $105 .

On the company’s financial health, Check Point Software Technologies Ltd. reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $1.07. The company had revenue of $422.80 million for the quarter, compared to analysts expectations of $421.57 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Check Point Software Technologies Ltd. opened for trading at $75 and hit $77.6 on the upside on Monday, eventually ending the session at $77.46, with a gain of 0.90% or 0.69 points. The heightened volatility saw the trading volume jump to 1,595,993 shares. Company has a market cap of $13,548 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.

Check Point Software Technologies Ltd.

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