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Is Check Point Software Technologies Ltd. (CHKP) Stock About to Get Hot Tuesday?

Tuesday, November 09, 2021 11:55 AM | InvestorsObserver Analysts
Is Check Point Software Technologies Ltd. (CHKP) Stock About to Get Hot Tuesday?

Check Point Software Technologies Ltd. (CHKP) stock has gained 1.42% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
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?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 is higher by 0.54% while the S&P 500 has fallen -0.41% as of 11:53 AM on Tuesday, Nov 9. CHKP is higher by $0.64 from the previous closing price of $118.13 on volume of 285,208 shares. Over the past year the S&P 500 has gained 31.88% while CHKP has fallen -0.63%. CHKP earned $6.10 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.48. To screen for more stocks like Check Point Software Technologies Ltd. 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 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. Click Here to get the full Stock Report for Check Point Software Technologies Ltd. stock.

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