Media coverage about Check Point Software Technologies (NASDAQ:CHKP) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Check Point Software Technologies earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.5603680428077 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Check Point Software Technologies (CHKP) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Check Point Software Technologies (CHKP) Receives “Outperform” Rating from Oppenheimer (americanbankingnews.com)
- Check Point Software Technologies (CHKP) Upgraded by BidaskClub to “Strong-Buy” (americanbankingnews.com)
- This Morning’s Research Reports on Tech Stocks — Check Point Software Technologies, Symantec, Zscaler, and MACOM Technology Solutions (bizjournals.com)
- Check Point Software Technologies (CHKP) to Release Quarterly Earnings on Wednesday (americanbankingnews.com)
A number of brokerages have issued reports on CHKP. BidaskClub raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Friday, April 13th. Cleveland Research cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Wells Fargo lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $103.41 to $117.00 in a research report on Thursday, February 1st. JPMorgan Chase reduced their price target on shares of Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, January 31st. Finally, Zacks Investment Research upgraded shares of Check Point Software Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Twenty-one analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $113.99.
NASDAQ:CHKP traded down $0.87 during midday trading on Friday, hitting $102.23. The company had a trading volume of 1,117,707 shares, compared to its average volume of 1,063,798. Check Point Software Technologies has a 52-week low of $95.03 and a 52-week high of $119.20. The firm has a market capitalization of $16,850.96, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.02 and a beta of 0.65.
Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The company had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. equities analysts predict that Check Point Software Technologies will post 5.26 earnings per share for the current fiscal year.
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. provides hardware and software products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. 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 operations and provides visibility into policy administration and threat analysis.
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