Check Point Gets a Hold Rating from Northland Securities

By Carrie Williams

In a report released yesterday, Robert Breza from Northland Securities reiterated a Hold rating on Check Point (NASDAQ: CHKP), with a price target of $120. The company’s shares opened today at $110.26, close to its 52-week high of $115.87.

According to TipRanks.com, Breza is a 3-star analyst with an average return of 3.9% and a 59.4% success rate. Breza covers the Technology sector, focusing on stocks such as Barracuda Networks, Coupa Software Inc, and CommVault Systems.

Check Point has an analyst consensus of Hold, with a price target consensus of $112.88.

Based on Check Point’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $435 million and quarterly net profit of $183 million. In comparison, last year the company earned revenue of $423 million and had a net profit of $166 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. The firm’s products include threat prevention, next generation firewalls, mobile security, and security management.