Check Point (CHKP) Receives a Hold from Credit Suisse


In a report released yesterday, Brad Zelnick from Credit Suisse maintained a Hold rating on Check Point (CHKP), with a price target of $110. The company’s shares closed yesterday at $110.76.

According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 10.4% and a 71.3% success rate. Zelnick covers the Technology sector, focusing on stocks such as Instructure Inc, Salesforce.com, and Symantec Corp.

Check Point has an analyst consensus of Moderate Buy, with a price target consensus of $130.

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Based on Check Point’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $198 million. In comparison, last year the company had a net profit of $239 million.

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Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management.

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