Check Point Software Technologies - CHKP Stock Forecast, Price & News

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. The company also offers security gateways and software platforms that support small and medium sized business (SMB) to large enterprise data center and telco-grade environments; and threat prevention technologies and zero-day protections. In addition, the company provides cloud network security, security and posture management, cloud workload protection, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Further, the company provides technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through multiple distribution channels, including distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel.

Analyst Ratings Changes

Several equities research analysts recently commented on CHKP shares. Jefferies Financial Group cut their price objective on shares of Check Point Software Technologies from $145.00 to $130.00 in a research report on Monday, May 23rd. Credit Suisse Group boosted their price objective on shares of Check Point Software Technologies from $105.00 to $115.00 in a research report on Thursday, April 28th. Wedbush boosted their price target on shares of Check Point Software Technologies from $142.00 to $155.00 and gave the stock an "outperform" rating in a research report on Thursday, April 14th. Piper Sandler cut their price target on shares of Check Point Software Technologies from $130.00 to $120.00 in a research report on Wednesday, July 13th. Finally, Barclays cut their price target on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $138.00.

Check Point Software Technologies Stock Performance

CHKP traded down $1.30 on Tuesday, reaching $119.00. The company had a trading volume of 777,007 shares, compared to its average volume of 1,229,440. Check Point Software Technologies has a fifty-two week low of $107.85 and a fifty-two week high of $149.62. The stock has a market cap of $14.92 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.59 and a beta of 0.60. The company's fifty day moving average is $123.29 and its 200 day moving average is $129.23.

Check Point Software Technologies (NASDAQ:CHKP - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The technology company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The business had revenue of $571.10 million for the quarter, compared to analyst estimates of $560.40 million. During the same quarter in the prior year, the business earned $1.41 EPS. Check Point Software Technologies's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies will post 6.29 EPS for the current year.