Check Point Software Technologie (NASDAQ: CHKP) has reported E.P.S. of $1.87 for its third fiscal quarter (ending September 30) versus $1.77 for the same period a year ago — an increase of 6%. E.P.S. were $7.47 for the latest four quarters through September 30 versus $7.23 for the same period a year ago — an increase of 3%.
Recent Price Action
Check Point Software Technologie (NASDAQ: CHKP) stock suffered a major decline of -14.5% on 10/29/24. The shares closed at $177.87. Moreover, this decline was accompanied by exceptionally high trading volume at 534% of normal. The stock has declined -13.4% during the last week but has been exceptionally 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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Check Point Software Technologie has a very low Appreciation Score of 15 but a good Power Rating of 83, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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