Impact of Brokerage Rating on Check Point Software Technologies Ltd.(CHKP)

Many Check Point Software Technologies Ltd.(CHKP) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Check Point Software Technologies Ltd. was Upgraded by First Analysis Sec on Jan 20, 2017 to Overweight, Price Target of the shares are set at $116.Company shares were Reiterated by BMO Capital Markets on Jan 20, 2017 to Market Perform, Raises Price Target to $ 110 from a previous price target of $95 .Company shares were Reiterated by RBC Capital Mkts on Jan 20, 2017 to Outperform, Raises Price Target to $ 98 from a previous price target of $96 .Check Point Software Technologies Ltd. was Upgraded by JP Morgan to Overweight on Jan 19, 2017. Company shares were Reiterated by Jefferies on Jan 18, 2017 to Buy, Raises Price Target to $ 118 from a previous price target of $100 .

Check Point Software Technologies Ltd. Last issued its quarterly earnings results on Jan 19, 2017. The company reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $1.25. The company had revenue of $486.70 million for the quarter, compared to analysts expectations of $478.07 million. The companys revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.13 by 23 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 10 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): 17 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $102 in Check Point Software Technologies Ltd. (NASDAQ:CHKP). However, the stock price could fluctuate by $ 11.45 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $118 price target with the lower price estimate is calculated at $84

Check Point Software Technologies Ltd. (NASDAQ:CHKP) rose 0.03% or 0.03 points on Tuesday and made its way into the gainers of the day. After trading began at $100.38 the stock was seen hitting $101.47 as a peak level and $100.3 as the lowest level. The stock ended up at $100.97. The daily volume was measured at 678,287 shares. The 52-week high of the share price is $101.77 and the 52-week low is $74.34. The company has a market cap of $17,660 million.

Check Point Software Technologies Ltd. is a leading provider of policy-based enterprise security and traffic management solutions. Through its patented Stateful Inspection technology, the company delivers Secure Enterprise Connectivity solutions that protect information assets and enhance the performance of enterprise networks. The companys products include the worlds leading enterprise security suite, FireWall-1r, the industrys leading family of virtual private network solutions, VPN-1T, and the industrys premier bandwidth management solution, FloodGate-1T.

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