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CHKP

Check Point

$110.97

1.06 (0.96%)

05:42
07/25/18
07/25
05:42
07/25/18
05:42

Check Point announces 100% increase to share repurchase program

Check Point announced that its board has authorized the expansion of the company's on-going share repurchase program. Under the updated repurchase plan, effective immediately, Check Point is authorized to increase the quarterly repurchase of its outstanding shares by 30%, up to $325M, and the overall program by 100%, to an aggregate of $2B. As of June 30, 2018, Check Point has approximately 156.2M ordinary shares outstanding. Check Point began its share repurchase program in 2003, and since then has repurchased approximately 154.5M shares for a total purchase price of approximately $7.3 billion. The updated plan expands the company's existing repurchase plan announced in August 2017, which had provided for the repurchase of up to $250M shares each quarter, up to an aggregate of $1B, which is expected to be completed in Q3.

  • 25

    Jul

CHKP Check Point
$110.97

1.06 (0.96%)

07/24/18
OPCO
07/24/18
NO CHANGE
Target $120
OPCO
Outperform
Check Point price target raised to $120 from $115 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Check Point to $120 from $115 as changing sentiment coupled with in-line Q2 results could signal relief and outperformance. The analyst reiterates an Outperform rating on the shares.
07/19/18
JEFF
07/19/18
NO CHANGE
Target $43
JEFF
Buy
Jefferies expects rally in Software stocks to continue
Jefferies analyst John DiFucci thinks June quarter results in the Software space "could be relatively strong." The analyst estimates that the currency translation impact for the average software company should be a weaker tailwind than when guidance was given, resulting in a headwind of approximately 180 basis points. He expects the "meaningful, warranted appreciation" in some stocks to continue and raised his price targets accordingly. DiFucci upped his price target for Apptio (APTI) to $43 from $36, for Benefitfocus (BNFT) to $43 from $35, for Check Point (CHKP) to $127 from $117, for Tableau (DATA) to $100 from $87, for Nice Systems (NICE) to $127 from $119, for RingCentral (RNG) to $95 from $91, and for Varonis (VRNS) to $92 from $77. All stocks except Hold-rated Tableau are Buy rated by the analyst.
07/10/18
BTIG
07/10/18
UPGRADE
Target $120
BTIG
Buy
Check Point upgraded to Buy at BTIG on higher salesforce effectiveness
As reported earlier, BTIG analyst Joel Fishbein upgraded Check Point to Buy from Neutral with a price target of $120, saying this is an appropriate time to get more constructive on the stock following 3 quarters of underperformance. The analyst cites growing evidence of "increased salesforce effectiveness" and "signals of a trough in expectations". Fishbein also contends that Check Point offers "incredible operating margins" of about 53% and an attractive free cash flow yield of about 7%, which has matched the "great year" for the cybersecurity sector.
07/10/18
BTIG
07/10/18
UPGRADE
BTIG
Buy
Check Point upgraded to Buy from Neutral at BTIG

TODAY'S FREE FLY STORIES

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IHG

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WTBDY

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$0.00

(0.00%)

05:10
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Whitbread rating change  »

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MGM

MGM Resorts

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05:08
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  • 25

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EXP

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-0.245 (-0.28%)

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ATI

Allegheny Technologies

$24.47

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ARNC

Arconic

$25.29

-0.49 (-1.90%)

05:05
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USCR

U.S. Concrete

$50.87

-0.96 (-1.85%)

05:04
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U.S. Concrete rating change  »

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AMD

AMD

$33.59

-0.23 (-0.68%)

, INTC

Intel

$49.39

0.22 (0.45%)

04:59
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04:59
Downgrade
AMD downgraded to Neutral from Buy at Mizuho »

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AMD

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-0.23 (-0.68%)

INTC

Intel

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0.22 (0.45%)

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  • 25

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04:55
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General news
Jobless Claims to be reported at 08:30 »

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GMRE

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$10.51

-0.15 (-1.41%)

04:55
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Conference/Events
Global Medical REIT management to meet with Oppenheimer »

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  • 18

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TORC

ResTORbio

$10.42

0.19 (1.86%)

04:55
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Conference/Events
ResTORbio management to meet with Wedbush »

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  • 18

    Jul

SUPV

Grupo Supervielle

$8.12

0.13 (1.63%)

04:55
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Conference/Events
Grupo Supervielle management to meet with UBS »

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  • 18

    Jul

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04:55
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General news
Philadelphia Fed Business Outlook Survey General Conditions Index to be reported at 08:30 »

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Leading Indicators to be reported at 10:00 »

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CAMP

CalAmp

$10.82

-0.46 (-4.08%)

04:55
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ACAD

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MRK

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OPNT

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04:55
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Conference/Events
Opiant Pharmaceuticals management to meet with Northland »

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  • 18

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CASY

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  • 18

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CGC

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Conference/Events
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  • 18

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