Why Check Point Software Technologies Ltd. (NASDAQ:CHKP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $83.55 on Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.46 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Check Point Software Technologies Ltd. (NASDAQ:CHKP) stands at 19.59.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Check Point Software Technologi, the PEG ratio for coming 3-5 years is 1.67.

Technical Analysis

The technical analysis highlights that Check Point Software Technologi current is trading $-1.98 points away or -2.53% from its 50-day moving average of $78.30. Further it is trading $-5.58 or -6.81% away its 200-day moving average of $81.90.

The 52-week high of Check Point Software Technologies Ltd. (NASDAQ:CHKP) was $89.98 while lowest point recorded in 52-week was $71.64. It implies if stock price makes a movement of over $-13.66, it will record a new 52-week high. In the case of +6.53% drop, it will touch a new 52-week low.

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