Stock Rating Downgrade
The Value Trend Rating for Check Point Software Technologie (NASDAQ: CHKP) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Check Point Software Technologie (NASDAQ: CHKP) stock closed at $154.42 on 5/24/24 after a modest gain of 0.6%. However, trading volume in this advance was below average at 73% of normal. The stock has risen 2.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CHKP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Check Point Software Technologie has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Check Point Software Technologie has a poor Appreciation Score of 18 but a slightly positive Power Rating of 67, producing the Negative Value Trend Rating.
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