Check Point Software Stock Hits New 52-Week High (CHKP)

NEW YORK ( TheStreet) -- Check Point Software Technologies (Nasdaq: CHKP) hit a new 52-week high Thursday as it is currently trading at $61.95, above its previous 52-week high of $61.60 with 196,223 shares traded as of 10:15 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Check Point Software has a market cap of $11.8 billion and is part of the technology sector and computer software & services industry. Shares are up 16.6% year to date as of the close of trading on Wednesday.

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 applications worldwide. The company has a P/E ratio of 21.4, below the average computer software & services industry P/E ratio of 22.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Check Point Software 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, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Check Point Software Ratings Report.

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