Analyst Rating Update on Check Point Software Technologies Ltd. (CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) : Zacks Investment Research ranks Check Point Software Technologies Ltd. (NASDAQ:CHKP) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.37, which indicates as a Buy.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) : Currently there are 11 street experts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock. The most bullish and bearish price target for the stock is $105 and $84 respectively for the short term. The average price target of all the analysts comes to $92.82. The estimated standard deviation from the target is $6.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank downgrades their rating on the shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $90 per share from $95 per share. The rating by the firm was issued on June 16, 2016.

Check Point Software Technologies Ltd. (NASDAQ:CHKP): stock turned positive on Tuesday. Though the stock opened at $78.27, the bulls momentum made the stock top out at $78.5 level for the day. The stock recorded a low of $76.9 and closed the trading day at $77.4, in the green by 0.43%. The total traded volume for the day was 1,592,287. The stock had closed at $77.07 in the previous days trading.

Check Point Software Technologies Ltd (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. The Checkpoints Software Blade architecture offers enterprises a common 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. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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