Check Point Software (CHKP) Message Board

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Technology Stocks : Check Point Software (CHKP)

CHKP 188.50

+0.2%

Jan 15 3:59 PM EST

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To: go_bucks who wrote (2356)	5/4/1998 11:41:00 PM
From: P.M.Freedman	Read Replies (2) of 7150

Thanks Charlie, you are right, I missed a line. So, they think the price in May 1999 should be only around $45. When the company made $0.28/sh half a year ago, the stock priced around this price and went further over $50. Now the company has made $0.41/sh, almost 150% higher. Does anyone think that's a reasonable target? Based on the average estimates $1.78 for 1999, $45 will make the stock at a PE=25. Even with the lowest estimates $1.48, the PE will be only 30. The highest estimates were $2.15 (PE=20). In software sector, PE 25 for a fast growth company in a hot area should be a great great bargain! I would say the bottom line for this stock in 12 months is at least $45 :-) BTW, there are only three left on recommending a hold rating for CHKPF in total sixteen analysts who currently cover CHKPF (others are three strong buy rating and nine buy rating).

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