Home > Boards > US Listed > Computers - Software > Check Point Software Technologies (CHKP)

Merrill Lynch repeats Buy and tweaks up Check

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
midastouch017 Member Profile
 
Followed By 107
Posts 23,794
Boards Moderated 8
Alias Born 02/07/04
160x600 placeholder
April 2020’s Most Wanted Malware: Agent Tesla Remote Access Trojan Spreading Widely In COVID-19 Related Spam Campaigns GlobeNewswire Inc. - 5/11/2020 6:00:10 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 4/27/2020 7:13:23 AM
Check Point Software Technologies Reports 2020 First Quarter Financial Results GlobeNewswire Inc. - 4/27/2020 5:00:10 AM
Check Point Software Extends Infinity Architecture with Full Range of Quantum Security Gateways™, Delivering Uncompromised ... GlobeNewswire Inc. - 4/21/2020 6:00:10 AM
Apple is Most Imitated Brand for Phishing Attempts: Check Point Research’s Q1 2020 Brand Phishing report GlobeNewswire Inc. - 4/14/2020 6:00:10 AM
Appdome Joins Check Point Technology Partner Program, Introduces Appdome for SandBlast App Protect PR Newswire (US) - 4/9/2020 8:55:00 AM
March 2020’s Most Wanted Malware: Dridex Banking Trojan Ranks On Top Malware List For First Time GlobeNewswire Inc. - 4/9/2020 6:00:10 AM
Increase in Remote Working and Coronavirus Related Threats Creating Perfect Storm of Security Challenges for Organizations, N... GlobeNewswire Inc. - 4/7/2020 6:00:10 AM
CHECK POINT SOFTWARE TO ANNOUNCE FIRST QUARTER 2020 FINANCIAL RESULTS ON APRIL 27, 2020 GlobeNewswire Inc. - 4/3/2020 9:00:10 AM
Annual and Transition Report (foreign Private Issuer) (20-f) Edgar (US Regulatory) - 4/2/2020 4:05:38 PM
ZoneAlarm Launches New Web Secure Free Advanced Chrome Extension to Protect Users against the Most Common Online Threats GlobeNewswire Inc. - 3/31/2020 6:00:10 AM
February 2020’s Most Wanted Malware: Increase in Exploits Spreading the Mirai Botnet to IoT Devices GlobeNewswire Inc. - 3/11/2020 6:00:10 AM
Check Point’s SecureAcademy Hits Major Milestone as 100th Academic Institution Joins the Global Education Program GlobeNewswire Inc. - 3/3/2020 6:00:10 AM
Check Point SandBlast Agent Earns NSS Labs ‘AA’ Rating in 2020 Advanced Endpoint Protection Test GlobeNewswire Inc. - 2/25/2020 12:20:10 PM
Check Point Software Technologies Recognized as a Microsoft Security 20/20 Partner Award Winner for Most Prolific Integration... GlobeNewswire Inc. - 2/25/2020 9:00:10 AM
Schedule 13g Edgar (US Regulatory) - 2/14/2020 6:13:31 AM
January 2020’s Most Wanted Malware: Coronavirus-themed Spam Spreads Emotet Malware GlobeNewswire Inc. - 2/13/2020 6:00:10 AM
Check Point Software Names SYNNEX Corporation North American Distributor of the Year PR Newswire (US) - 2/6/2020 5:02:00 PM
Facebook is Most Imitated Brand for Phishing Attempts: Check Point Research’s Q4 2019 Brand Phishing report GlobeNewswire Inc. - 2/6/2020 6:00:10 AM
Check Point Delivers Unified Security Management as a Cloud Service to Cut Security Operations Time by 60% GlobeNewswire Inc. - 2/5/2020 6:00:10 AM
The Dark Side of Smart Lighting:  Check Point Research Shows How Business and Home Networks Can Be Hacked from a Lightbulb GlobeNewswire Inc. - 2/5/2020 6:00:10 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/3/2020 7:28:53 AM
Report of Foreign Issuer (6-k) Edgar (US Regulatory) - 2/3/2020 7:26:28 AM
Amended Statement of Ownership (sc 13g/a) Edgar (US Regulatory) - 2/3/2020 6:05:32 AM
Check Point Software Technologies Reports 2019 Fourth Quarter and Full Year Financial Results GlobeNewswire Inc. - 2/3/2020 5:00:10 AM
midastouch017   Sunday, 01/29/06 04:00:47 PM
Re: None
Post # of 158 
Merrill Lynch repeats Buy and tweaks up Check Point 2006 forecasts

29.1.06 | 21:36 By Asaf Rothem
In January 2005, Check Point Software Technologies (NASDAQ: CHKP) stock was at $24. Twelve months later, the share price is down to $22.60 even though the data security company has remained a mint.

Tomorrow Check Point will be presenting its results for the fourth quarter of 2005. Merrill Lynch today repeated its analysis of two weeks ago, expecting that Check Point will at least meet the midpoint of forecasts and report $158 million revenues for the quarter.

Merrill Lynch itself expects slightly more, $160 million sales, and net earnings of 35 cents per share or $88.8 million profit.

For the year Merrill Lynch is predicting $326 million net profit and $1.26 earnings per share on revenues of $584 million.

The investment bank noted strong orders at year-end that could offset some weakness in November, it said. However, though European sales are typically high at year-end, economic weakness could moderate that effect in 2005.

For the year 2006 Merrill Lynch tweaked up its forecasts to $676 million revenues and earnings of $1.38 per share, or $350 million. That includes $40 million revenues from Sourcefire, the acquisition of which Check Point is in the process of closing. Any delay in closing could hurt revenues.

Merrill Lynch's 12-month price target remains $25, an objective it set back in July 2005, and its investment recommendation remains Buy.

http://www.haaretz.com/hasen/spages/676170.html

Dubi





Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist