Check Point Software Technologies Ltd. (CHKP): Today's Featured Computer Software & Services Winner
By TheStreet Wire - 06/07/12 - 5:00 PM EDT
Tickers in this article: CHKPCheck Point Software Technologies (CHKP) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Check Point Software Technologies rose 55 cents (1%) to $53.78 on average volume. Throughout the day, 2.5 million shares of Check Point Software Technologies exchanged hands as compared to its average daily volume of two million shares. The stock ranged in a price between $53.17-$54.05 after having opened the day at $53.75 as compared to the previous trading day's close of $53.23. Other companies within the Computer Software & Services industry that increased today were: icad (ICAD), up 12.3%, Egain Communications Corporation (EGAN), up 11.8%, Streamline Health Solutions (STRM), up 7.8%, and Netsol Technologies (NTWK), up 7%. Check Point Software Technologies Ltd. develops, markets, and supports a range of software, and combined hardware and software products and services for information technology (IT) security worldwide. Check Point Software Technologies has a market cap of $10.76 billion and is part of the technology sector. The company has a P/E ratio of 19.6, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 1.2% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Check Point Software Technologies a buy, no analysts rate it a sell, and seven rate it a hold. TheStreet Ratings rates Check Point Software Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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Tickers in this article: CHKP
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