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CHKP

Check Point

$104.99

-2.43 (-2.26%)

09:30
08/11/17
08/11
09:30
08/11/17
09:30

Check Point announces extension to share repurchase program

Check Point announced that its board has authorized an extension to the company's on-going share repurchase program. Under the updated plan, effective immediately, Check Point is authorized to continue to repurchase up to $250 million of ordinary shares each quarter, up to an aggregate of $1 billion. From April 1, 2016 through June 30, 2017, Check Point repurchased approximately 14 million shares for an aggregate purchase price of approximately $1.2 billion, which represented an average repurchase per quarter of $247.3 million. As of June 30, 2017, Check Point has approximately 162.8 million ordinary shares outstanding. Check Point began its share repurchase program in 2003, and since then has repurchased approximately 144.9 million shares for a total purchase price of approximately $6.3 billion. The updated plan extends the previous repurchase plan adopted in May 2016, which provided for the repurchase of up to $250 million shares each quarter, up to an aggregate of $1.5 billion.

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CHKP Check Point
$104.99

-2.43 (-2.26%)

07/10/17
JPMS
07/10/17
NO CHANGE
JPMS
Barracuda results bode well for Security earnings, says JPMorgan
JPMorgan analyst Sterling Auty believes Barracuda Networks' (CUDA) Q1 results tonight set a positive tone for the June quarter earnings of Security names. Based on Barracuda's quarter, the analyst expects to see "good things" from Mimecast (MIME), Palo Alto Networks (PANW), Fortinet (FTNT), Check Point (CHKP) and Imperva (IMPV). Auty also recommends using any post-earnings weakness in shares of Barracuda as a buying opportunity. He believes Barracuda is one of the best positioned Security companies to capitalize on the shift to the cloud. The analyst keeps an Overweight rating on the name.
07/21/17
PIPR
07/21/17
DOWNGRADE
Target $108
PIPR
Neutral
Check Point downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski downgraded Check Point Software to Neutral and lowered his price target for the shares to $108 from $116. With the stock up 27% year-to-date, the valuation has now "reached a peak" given the decelerating billings, product/subscription and free cash flow growth. The analyst views Check Point's Q2 results as "mixed."
07/21/17
BOFA
07/21/17
NO CHANGE
Target $120
BOFA
Buy
Check Point FY17 remains intact, says BofA/Merrill
BofA/Merrill analyst Tal Liani said Check Point reported solid Q2 results but lowered Q3 guidance due to the timing of a local holiday. The analyst said it is a timing issue and any un-booked orders will fall into Q4 and FY17 remains intact. Liani rates Check Point a Buy with a $120 price target.
07/21/17
07/21/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) was downgraded to Sell from Neutral at BTIG and to Underweight from Neutral at Atlantic Equities. 2. Wells Fargo (WFC) downgraded to Sell from Hold at Berenberg with analyst James Chappell saying the bank's competitive advantages have been eroded. 3. RH (RH) downgraded to Hold from Buy at Deutsche Bank with analyst Adam Sindler citing valuation with the stock up 36% over the past month and 15% this week alone. 4. Union Pacific (UNP) downgraded to Hold from Buy at Deutsche Bank with analyst Amit Mehrotra saying moderating volumes as well as risks to industrial production in the second half of the year and beyond will limit share upside over the medium term. 5. Check Point (CHKP) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski saying with the stock up 27% year-to-date, the valuation has now "reached a peak" given the decelerating billings, product/subscription and free cash flow growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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AAAP

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Live Nation

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RHHBY

Roche

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CATB

Catabasis Pharmaceuticals

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RHHBY

Roche

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DLPH

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TOSBF

Toshiba, also use TOSYY

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MRVL

Marvell

$20.29

0.03 (0.15%)

, CAVM

Cavium

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MRVL

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CAVM

Cavium

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GRPN

Groupon

$5.47

0.03 (0.55%)

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CAH

Cardinal Health

$57.51

0.09 (0.16%)

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$15.20

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VALE

Vale

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First Data

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BankUnited

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Barclays

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EGLT

Egalet

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GM

General Motors

$43.88

0.28 (0.64%)

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DY

Dycom

$90.04

2.14 (2.43%)

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QCOM

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BPMP

BP Midstream

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Ameris Bancorp

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VLKAY

Volkswagen

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DY

Dycom

$90.04

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TSEM

TowerJazz

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