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Is Check Point Software Technologies Ltd. (CHKP) a Stock to Watch This Week?

Friday, January 22, 2021 01:28 PM | InvestorsObserver Analysts

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Is Check Point Software Technologies Ltd. (CHKP) a Stock to Watch This Week?

Overall market sentiment has been down on Check Point Software Technologies Ltd. (CHKP) stock lately. CHKP receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
Check Point Software Technologies Ltd. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHKP!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With CHKP Stock Today?

Check Point Software Technologies Ltd. (CHKP) stock has gained 1.8% while the S&P 500 has fallen -0.25% as of 1:19 PM on Friday, Jan 22. CHKP is higher by $2.28 from the previous closing price of $127.12 on volume of 728,108 shares. Over the past year the S&P 500 has risen 15.71% while CHKP is higher by 12.65%. CHKP earned $5.87 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 22.03.

To see the top 5 stocks in the Software - Infrastructure industry click here.

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 2017, 47% of its revenue was from the Americas, 36% from Europe, and 17% from Asia-Pacific, Middle East, and Africa. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.

Click Here to get the full Stock Score Report on Check Point Software Technologies Ltd. (CHKP) Stock.

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