Revenue Update on Check Point Software Technologies Ltd.(NASDAQ:CHKP)

Check Point Software Technologies Ltd.(NASDAQ:CHKP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $422.75M. Analysts estimated a revenue of $421.66M. Earnings per share were $1.09. Analysts had estimated an EPS of $1.07.

In a different note, On Jul 11, 2016, OTR GLobal said it Downgrades its rating on Check Point Software Technologies Ltd.. The shares have been rated ‘Mixed’ by the firm. On Jun 16, 2016, Deutsche Bank said it Downgrades its rating on Check Point Software Technologies Ltd.. In the research note, the firm Lowers the price-target to $95.00 per share. The shares have been rated ‘Hold’ by the firm.

Check Point Software Technologies Ltd. (CHKP) shares turned negative on Fridays trading session with the shares closing down -1.03 points or -1.32% at a volume of 20,96,723. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.19. The peak price level was also seen at $78.19 while the days lowest was $76.41. Finally the shares closed at $76.88. The 52-week high of the shares is $89.98 while the 52-week low is $65.09. According to the latest information available, the market cap of the company is $13,446 M.

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 Checkpoint’s 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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