Media coverage about Check Point Software Technologies (NASDAQ:CHKP) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Check Point Software Technologies earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.0739509383492 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Check Point Software Technologies Ltd. (CHKP) Expected to Post Quarterly Sales of $452.74 Million (americanbankingnews.com)
- $1.28 EPS Expected for Check Point Software Technologies Ltd. (CHKP) This Quarter (americanbankingnews.com)
- Global Software Defined Perimeter Market 2018 Top Players :Check Point Software Technologies, VeloCloud … (legmannews.com)
- Cybersecurity Short Sellers Grow More Selective (247wallst.com)
- Global and United States Data Protection Software Market 2018 – Check Point Software Technologies, Proofpoint … (newmexicocourierexpress.com)
CHKP has been the subject of a number of analyst reports. Zacks Investment Research downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. JPMorgan Chase downgraded Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $121.00 target price for the company. in a report on Tuesday, December 12th. BidaskClub downgraded Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Wells Fargo downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $103.41 to $117.00 in a report on Thursday, February 1st. Finally, Cleveland Research downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating in a 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 issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $113.67.
Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The company had revenue of $506.00 million for the quarter, compared to analyst estimates of $508.66 million. During the same period in the previous year, the company posted $1.46 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. equities analysts forecast that Check Point Software Technologies will post 5.26 EPS for the current year.
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About Check Point Software Technologies
Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.
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