Another Recommendation On Wall Street for Check Point Software Technologies Ltd (NASDAQ:CHKP). This time with a $94.00 Share Target Price

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Why Has Evercore ISI Given Check Point Software Technologies Ltd (NASDAQ:CHKP) a $94.00 Price Target

Evercore ISI analyst commenced coverage coverage with a “Hold” rating on Check Point Software Technologies Ltd (NASDAQ:CHKP) today and set a price target of $94.00. The company’s shares opened today at 87.

From a total of 22 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP) stock, 19 rate it a ”Buy”, 2 a “Sell”, and 9 a ”Hold”. This means that 63% of the ratings are positive. Check Point Software Technologies Ltd. was the topic of 3 analyst reports since September 10, 2015 according to the firm StockzIntelligence Inc. Wells Fargo maintained shares on September 17 with “Outperform” rating.

Approximately 1.65M shares of stock traded hands or 6.45% up from the average. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 0.90% since May 12, 2015 and is downtrending. It has outperformed by 2.78% the S&P500.

Check Point Software Technologies Ltd develops, markets and supports a range of services and products for information technology (IT) security. The company has a market cap of $15.45 billion. The services and products are sold to enterprises, service providers, small and medium sized businesses and consumers. It has 23.89 P/E ratio. The Checkpoint’s Software Blade architecture offers enterprises a common platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis, or multi-domain management.

According to Zacks Investment Research, “Check Point Software Technologies Ltd. is a leading provider of policy-based enterprise security and traffic management solutions. Through its patented Stateful Inspection technology, the company delivers Secure Enterprise Connectivity solutions that protect information assets and enhance the performance of enterprise networks. The company’s products include the world’s leading enterprise security suite, FireWall-1r, the industry’s leading family of virtual private network solutions, VPN-1T, and the industry’s premier bandwidth management solution, FloodGate-1T.”

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