Check Point Software Technologies Ltd - Value Alert
Texas (June 10, 2013) Wax Ink has issued a No Investment Interest rating for Check Point Software Technologies Ltd (Nasdaq: CHKP) based on a recent baseline equity review which placed fair value between $46-$53.
The recent close of $50.91 is approximately 85% above the fair value buy target for the stock and approximately 10% below the fair value close target for the stock. The recent close is also 7% below analysts’ twelve-month $55.00 median price target for the stock.
The recent close represents a 13% increase in price since the last baseline equity review was conducted in November of 2011.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 1.3 basis estimated forward earnings growth of 13.5%.
In the past 52 weeks, share prices have moved between a high of $54.15 and a low of $40.60, placing equilibrium at $47.70.
Basis the recent close, the stock is trading 6% below the 52 week high, 20% above the 52 week low, 6% above equilibrium, and has an average daily trading volume of approximately 2.1 million shares.
Check Point Software Technologies Ltd develops, markets, and supports a range of software, and combined hardware and software products and services for information technology (IT) security worldwide.
The company's competitors include Cisco Systems, Inc., Fortinet Inc., and Juniper Networks, Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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