Check Point Software Technologies Ltd. (CHKP) And Valley National Bancorp (VLY): The Dust Has Settled

7 analysts out of 33 Wall Street brokerage firms rate Check Point Software Technologies Ltd. (NASDAQ:CHKP) as a Buy, while 1 see it as a Sell. The rest 25 describe it as a Hold. CHKP stock traded higher to an intra-day high of $114.95. At one point in session, its potential discontinued and the price was down to lows at $112.62. Analysts have set CHKP’s consensus price at $122.77, effectively giving it a 8.65% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $145 (up 28.32% from current price levels). CHKP has a 22% ROE, higher than the 15.02% average for the industry. The average ROE for the sector is 14.64%.

It is expected that in Jun 2019 quarter CHKP will have an EPS of $1.24, suggesting a -0.8% growth. For Sep 2019 is projected at $1.28. It means that there could be a 1.59% growth in the quarter. Yearly earnings are expected to rise by 5.95% to about $5.52. As for the coming year, growth will be about 6.16%, lifting earnings to $5.86. RSI after the last trading period was 38.59. CHKP recorded a change of 0.93% over the past week and returned -8.72% over the last three months while the CHKP stock’s monthly performance revealed a shift in price of -2.86%. The year to date (YTD) performance stands at 10.08%, and the bi-yearly performance specified an activity trend of 3.82% while the shares have moved 12.01% for the past 12 months.

Check Point Software Technologies Ltd. (CHKP) currently trades at $113, which is lower by -0.19% its previous price. It has a total of 152.2 million outstanding shares, with an ATR of around 2.35. The company’s stock volume dropped to 0.77 million, worse than 989.18 thousands that represents its 50-day average. A 5-day increase of about 0.93% in its price means CHKP is now 10.08% higher on year-to-date. The shares have surrendered $43163 since its $132.76 52-week high price recorded on 16th of April 2019. Overall, it has seen a growth rate of 12.01 over the last 12 months. The current price per share is $17.33 above the 52 week low of $95.67 set on 25th of June 2018.

Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s EPS was $1.32 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $1.3. That means that its growth in general now stands at 2%. Therefore, a prediction of $1.31 given by the analysts brought a positive surprise of 1%. CHKP March quarter revenue was $471.83 million, compared to $452.33 million recorded in same quarter last year, giving it a 4% growth rate. The company’s $19.5 million revenue growth that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Valley National Bancorp (NASDAQ:VLY) shares depreciated -1.05% over the last trading period, taking overall 5-day performance up to 1.17%. VLY’s price now at $10.35 is greater than the 50-day average of $10.25. Getting the trading period increased to 200 days, the stock price was seen at $10.37 on average. The general public currently hold control of a total of 321.45 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 332.4 million. The company’s management holds a total of 1.5%, while institutional investors hold about 62.8% of the remaining shares. VLY share price finished last trade 1.55% above its 20 day simple moving average and its downbeat gap from 200 day simple moving average is -0.26%, while closing the session with 1.11% distance from 50 day simple moving average.

Valley National Bancorp (VLY) shares were last observed trading -20.84% down since July 23, 2018 when the peak of $13.07 was hit. Last month’s price growth of 0.68% puts VLY performance for the year now at 16.55%. Consequently, the shares price is trending higher by 22.92%, a 52-week worst price since Dec. 26, 2018. However, it is regaining value with 7.81% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $10.19 and $10.27. The immediate resistance area is now $10.44 Williams’s %R (14) for VLY moved to 23.68 while the stochastic %K points at 84.65.

VLY’s beta is 1.23; meaning investors could reap higher returns, although it also poses higher risks. The company allocated $0.96 per share from its yearly profit to its outstanding shares. Its last reported revenue is $326.32 million, which was 36% versus $239.85 million in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $0.22 compared to $0.18 in the year-ago quarter and had represented 22% year-over-year earnings per share growth. VLY’s ROA is 1%, lower than the 2.71% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 2.82%.

Estimated quarterly earnings for Valley National Bancorp (NASDAQ:VLY) are around $0.23 per share in three months through June with $0.24 also the estimate for September quarter of the fiscal year. It means the growth is estimated at 4.55% and 14.29%, respectively. Analysts estimate full-year growth to be 17.28%, the target being $0.95 a share. The upcoming year will see an increase in growth by percentage to 8.42%, more likely to see it hit the $1.03 per share. The firm’s current profit margin over the past 12 months is 26.4%. VLY ranks lower in comparison to an average of 32.93% for industry peers; while the average for the sector is 32.42%.