Detailed Review Of Prospects For Check Point Software Technologies Ltd. Stock

Check Point Software Technologies Ltd. [CHKP] stock prices are up down -1.92% to $112.37 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHKP shares have lost -5.97% over the last week, with a monthly amount drifted -7.85%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Check Point Software Technologies Ltd. [NASDAQ: CHKP] stock has seen the most recent analyst activity on July 20, 2022, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $140 from $130. On April 01, 2022, Summit Insights initiated with a Buy rating and assigned a price target of $160 on the stock. Piper Sandler downgraded its rating to a Underweight but stick to its price target of $130 on March 21, 2022. BMO Capital Markets upgraded its rating to a Outperform and raised its price target to $157 on February 17, 2022. Citigroup started tracking with a Sell rating for this stock on January 25, 2022, and assigned it a price target of $115. In a note dated January 14, 2022, Raymond James upgraded an Outperform rating on this stock but restated the target price of $140.

The stock price of Check Point Software Technologies Ltd. [CHKP] has been fluctuating between $107.85 and $149.62 over the past year. Currently, Wall Street analysts expect the stock to reach $138.52 within the next 12 months. Check Point Software Technologies Ltd. [NASDAQ: CHKP] shares were valued at $112.37 at the most recent close of the market. An investor can expect a potential return of 23.27% based on the average price forecast.

Analyzing the CHKP fundamentals

The most recent quarter, Check Point Software Technologies Ltd. [NASDAQ:CHKP] reported sales of 571.1 billion, representing a surge of 8.60%. Gross Margin for this corporation currently stands at +87.48% with Operating Margin at +41.88%, Pretax Margin comes in at +43.82%, and Net Margin reading is +37.64%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.18 points at the first support level, and at 109.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.10, and for the 2nd resistance point, it is at 115.82.

Check Point Software Technologies Ltd. [CHKP] reported earnings per share of $1.58 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.54/share, meaning a difference of $0.04 and a surprise factor of 2.60%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $2.25 per share as compared to estimates of $2.12 per share, a difference of $0.13 representing a surprise of 6.10%.

Ratios To Look Out For

It’s worth pointing out that Check Point Software Technologies Ltd. [NASDAQ:CHKP]’s Current Ratio is 1.20. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 7.21, the price to book ratio is 4.62 and the P/E (TTM) ratio is 18.68.