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CHKP
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
17.04B

CHKP Price Prediction, Check Point Software Technologies Ltd AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CHKP with price predictions
07:00 PM EST Dec 07, 2023

Momentum Indicator for CHKP turns positive, indicating new upward trend

CHKP saw its Momentum Indicator move above the 0 level on December 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 99 similar instances where the indicator turned positive. In of the 99 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The 10-day moving average for CHKP crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHKP advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 269 cases where CHKP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for CHKP moved out of overbought territory on December 01, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 69 cases where CHKP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CHKP turned negative on December 06, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHKP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CHKP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.124) is normal, around the industry mean (21.032). P/E Ratio (20.367) is within average values for comparable stocks, (159.368). Projected Growth (PEG Ratio) (1.703) is also within normal values, averaging (2.584). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (7.289) is also within normal values, averaging (74.518).

A.I. Advisor
published Earnings

CHKP is expected to report earnings to rise 19.32% to $2.47 per share on January 31

Check Point Software Technologies Ltd CHKP Stock Earnings Reports
Q4'23
Est.
$2.47
Q3'23
Beat
by $0.05
Q2'23
Beat
by $0.10
Q1'23
Beat
by $0.06
Q4'22
Beat
by $0.09
The last earnings report on October 30 showed earnings per share of $2.07, beating the estimate of $2.02. With 840.16K shares outstanding, the current market capitalization sits at 17.04B.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NASDAQ:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NASDAQ:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NASDAQ:NOW), Uber Technologies (NASDAQ:UBER), Shopify (NASDAQ:SHOP), Palo Alto Networks (NASDAQ:PANW), NetEase (NASDAQ:NTES).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 9.19B. The market cap for tickers in the group ranges from 291 to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 6%. SSNT experienced the highest price growth at 141%, while DTRK experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 20 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of network security software products

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
5 Shlomo Kaplan Street
Phone
+972 37534555
Employees
6026
Web
https://www.checkpoint.com
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CHKP and

Correlation & Price change

A.I.dvisor indicates that over the last year, CHKP has been loosely correlated with CRWD. These tickers have moved in lockstep 41% of the time. This A.I.-generated data suggests there is some statistical probability that if CHKP jumps, then CRWD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CHKP
1D Price
Change %
CHKP100%
+0.81%
CRWD - CHKP
41%
Loosely correlated
+0.99%
VRNS - CHKP
39%
Loosely correlated
+0.28%
NOW - CHKP
38%
Loosely correlated
+1.66%
QLYS - CHKP
38%
Loosely correlated
+0.96%
CYBR - CHKP
37%
Loosely correlated
-0.47%
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