Check Point Software Technologies Ltd. (CHKP): Today's Featured Technology Winner

Check Point Software Technologies (CHKP) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Check Point Software Technologies rose $1.14 (2.3%) to $51.79 on light volume. Throughout the day, 1.4 million shares of Check Point Software Technologies exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in a price between $50.27-$51.86 after having opened the day at $50.30 as compared to the previous trading day's close of $50.65. Other companies within the Technology sector that increased today were: Imperva (IMPV), up 26.4%, Bottomline Technologies (EPAY), up 20.1%, eMagin Corporation (EMAN), up 17.3%, and inContact (SAAS), up 14.7%.

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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 $10.55 billion and is part of the computer software & services industry. The company has a P/E ratio of 29.6, above the average computer software & services industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7. Shares are down 3.1% year to date as of the close of trading on Thursday. 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 expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Check Point Software Ratings Report.

On the negative front, Ubiquiti Networks (UBNT), down 42%, Kingtone Wirelessinfo Solution (KONE), down 29.3%, Digital Generation (DGIT), down 16.8%, and Spire Corporation (SPIR), down 15.4%, were all laggards within the technology sector with Catamaran (CTRX) being today's technology sector laggard.

• Use our technology section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Check Point Software Technologies Ltd. click any of the following:

• Check Point Software Technologies Ltd. Stock Price

• Check Point Software Technologies Ltd. Analyst Ratings

• Check Point Software Technologies Ltd. Key Stats & Profile

• Check Point Software Technologies Ltd. Earnings

• Check Point Software Technologies Ltd. Ratio Comparison

• Check Point Software Technologies Ltd. Growth Rates

• Check Point Software Technologies Ltd. Balance Sheet

• Check Point Software Technologies Ltd. Cash Flow

• Check Point Software Technologies Ltd. Income Statement