Check Point Software Technologies Ltd. (CHKP) stock is lower by 0.21% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Check Point Software Technologies Ltd. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CHKP!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With CHKP Stock Today?
Check Point Software Technologies Ltd. (CHKP) stock is lower by -0.69% while the S&P 500 is higher by 0.39% as of 12:08 PM on Tuesday, Oct 26. CHKP is down -$0.85 from the previous closing price of $122.37 on volume of 391,959 shares. Over the past year the S&P 500 has gained 34.79% while CHKP is higher by 1.27%. CHKP earned $6.12 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.88.
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More About Check Point Software Technologies Ltd.
Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. At the end of 2020, 45% of its revenue was from the Americas, 43% from Europe, and 12% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.
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