A share price of Check Point Software Technologies Ltd. [CHKP] is currently trading at $162.10, up 0.35%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHKP shares have gain 4.67% over the last week, with a monthly amount glided 1.29%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 21, February 2024, Check Point Software Unveils Comprehensive 2024 Security Report, Highlighting Ransomware Surge and AI Defense Innovations. In a post published today on Yahoo Finance, Highpoints from the report include an analysis on the pervasiveness of ransomware and how defenders are fighting back against AI-powered cyber attacks.
From an analyst’s perspective:
Check Point Software Technologies Ltd. [NASDAQ: CHKP] stock has seen the most recent analyst activity on January 31, 2024, when William Blair upgraded its rating to a Outperform. Previously, Raymond James upgraded its rating to Outperform on December 18, 2023. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $190 on the stock. Piper Sandler upgraded its rating to a Neutral. Needham initiated its recommendation with a Hold. Morgan Stanley upgraded its rating to Equal-Weight for this stock on October 16, 2023, and upped its price target to $144. In a note dated May 09, 2023, Stifel initiated an Hold rating and provided a target price of $130 on this stock.
Check Point Software Technologies Ltd. experienced fluctuations in its stock price throughout the past year between $117.18 and $166.71. Currently, Wall Street analysts expect the stock to reach $140.65 within the next 12 months. Check Point Software Technologies Ltd. [NASDAQ: CHKP] shares were valued at $162.10 at the most recent close of the market. An investor can expect a potential drop of -13.23% based on the average CHKP price forecast.
Analyzing the CHKP fundamentals
Trailing Twelve Months sales for Check Point Software Technologies Ltd. [NASDAQ:CHKP] were 2.41B which represents 3.92% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.3 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.5.
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 161.34 points at the first support level, and at 160.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.13, and for the 2nd resistance point, it is at 164.16.
Check Point Software Technologies Ltd. [CHKP] reported earnings per share of $2.57 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.48/share, meaning a difference of $0.09 and a surprise factor of 3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.07 per share as compared to estimates of $2.02 per share, a difference of $0.05 representing a surprise of 2.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Check Point Software Technologies Ltd. [NASDAQ:CHKP] is 1.18. In addition, the Quick Ratio stands at 1.08 and the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 8.11, the price to book ratio is 7.03 and price to earnings (TTM) ratio is 22.79.
