Check Point Software Rises On Unusually High Volume (CHKP)
Check Point Software Technologies (Nasdaq:CHKP) is trading at unusually high volume Wednesday with 4.8 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $1.03 (+2.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Check Point Software Technologies (Nasdaq: CHKP) is trading at unusually high volume Wednesday with 4.8 million shares changing hands. It is currently at 2.3 times its average daily volume and trading up $1.03 (+2.1%) at $49 as of 2:37 p.m. ET.
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Check Point Software has a market cap of $9.97 billion and is part of the technology sector and computer software & services industry. Shares are up 1% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 17.6, below 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, notable return on equity, reasonable valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Check Point Software Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.