Is there a Bearish outlook for Check Point Software Technologies Ltd. (NASDAQ:CHKP) this week?

September 8, 2018 - By Mary Kidd

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Logo

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Coverage

Among 12 analysts covering Check Point (NASDAQ:CHKP), 1 have Buy rating, 0 Sell and 11 Hold. Therefore 8% are positive. Check Point had 15 analyst reports since April 25, 2018 according to SRatingsIntel. The company was upgraded on Tuesday, July 10 by BTIG Research. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 25 report. Stifel Nicolaus maintained it with “Hold” rating and $112 target in Thursday, July 26 report. Morgan Stanley maintained it with “Equal-Weight” rating and $116 target in Thursday, July 26 report. The stock has “Neutral” rating by Macquarie Research on Thursday, April 26. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) has “Hold” rating given on Wednesday, May 9 by Argus Research. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Neutral” rating by Credit Suisse on Thursday, April 26. On Thursday, April 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”. UBS maintained the stock with “Neutral” rating in Thursday, April 26 report. The firm has “Neutral” rating by UBS given on Thursday, July 26. Below is a list of Check Point Software Technologies Ltd. (NASDAQ:CHKP) latest ratings and price target changes.

26/07/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $100 New Target: $105 Maintain
26/07/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $106 New Target: $114 Maintain
26/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $102 New Target: $116 Maintain
26/07/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $95 New Target: $112 Maintain
10/07/2018 Broker: BTIG Research Old Rating: Neutral New Rating: Buy Upgrade
09/05/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Old Target: $124 Downgrade
25/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $95.0000 Maintain
26/04/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Neutral Old Target: $102 New Target: $99 Maintain
26/04/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $110 New Target: $106 Maintain
26/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $105 New Target: $100 Maintain

The stock decreased 0.10% or $0.12 during the last trading session, reaching $115.42. About 599,673 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 12.87% since September 8, 2017 and is downtrending. It has underperformed by 25.44% the S&P500.

Check Point Software Technologies Ltd. provides hardware and software services and products for IT security worldwide. The company has market cap of $18.03 billion. The firm offers a portfolio of network security, endpoint security, data security, and management solutions. It has a 23.01 P/E ratio. 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 activities and provides visibility into policy administration and threat analysis.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Nasdaq.com which released: “July’s Most Wanted Malware: Attacks Targeting IoT and Networking Vulnerabilities on the Rise” on August 15, 2018, also Marketwatch.com with their article: “Okta, Palo Alto Networks drive cybersecurity gains on anniversary of Equifax hack disclosure” published on September 07, 2018, Marketwatch.com published: “Okta, Palo Alto Networks highs drive cybersecurity gains on anniversary of Equifax hack disclosure” on September 07, 2018. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) were released by: Seekingalpha.com and their article: “Alleged DNC cyber attack was a subcontractor’s security test” published on August 23, 2018 as well as Nasdaq.com‘s news article titled: “Faxploit: New Check Point Research Reveals How Criminals Can Target Company & Private Fax Machines to Take …” with publication date: August 13, 2018.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Ratings Chart

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