Media coverage about Check Point Software Technologies (NASDAQ:CHKP) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Check Point Software Technologies earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.8325080318368 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
A number of equities research analysts have recently weighed in on the company. Wells Fargo lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $103.41 to $117.00 in a research note on Thursday, February 1st. JPMorgan Chase dropped their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 31st. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BidaskClub lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Cleveland Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $113.67.
NASDAQ:CHKP traded down $1.79 during trading hours on Friday, hitting $98.56. The company had a trading volume of 840,195 shares, compared to its average volume of 900,565. The stock has a market cap of $16,108.94, a P/E ratio of 20.11, a PEG ratio of 1.93 and a beta of 0.65. Check Point Software Technologies has a 1 year low of $95.03 and a 1 year high of $119.20.
Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.20. The company had revenue of $506.00 million during the quarter, compared to analysts’ expectations of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. analysts predict that Check Point Software Technologies will post 5.26 EPS for the current year.
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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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