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NASDAQ:CHKP

Check Point Software Technologies (CHKP) Stock Price, News & Analysis

$157.56
-0.07 (-0.04%)
(As of 02:39 PM ET)
Today's Range
$156.38
$158.53
50-Day Range
$154.87
$166.48
52-Week Range
$117.18
$168.82
Volume
228,217 shs
Average Volume
707,739 shs
Market Capitalization
$19.03 billion
P/E Ratio
22.13
Dividend Yield
N/A
Price Target
$159.70

Check Point Software Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
1.3% Upside
$159.70 Price Target
Short Interest
Healthy
3.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.21
Upright™ Environmental Score
News Sentiment
1.11mentions of Check Point Software Technologies in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.08%
From $7.85 to $8.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

Computer And Technology Sector

100th out of 592 stocks

Prepackaged Software Industry

26th out of 200 stocks

CHKP stock logo

About Check Point Software Technologies Stock (NASDAQ:CHKP)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile. The company also offers security gateways and software platforms that support small and medium sized business (SMB) to large enterprise data center and telco-grade environments; and threat prevention technologies and zero-day protections. In addition, the company provides cloud network security, security and posture management, cloud workload protection, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Further, the company provides technical customer support programs and plans; professional services in implementing, upgrading, and optimizing Check Point products comprising design planning and security implementation; and certification and educational training services on Check Point products. It sells its products through distributors, resellers, system integrators, original equipment manufacturers, and managed security service providers. The company has a strategic partnership with Revelstoke to automate detection and response solutions. The company was incorporated in 1993 and is headquartered in Tel Aviv, Israel.

CHKP Stock Price History

CHKP Stock News Headlines

Top 5 AI Stocks to Buy for 2024
5 Best AI Stocks to Invest In Investors are getting very rich in AI stocks right now. Wall Street legend is giving away the name and ticker of the little-known AI stock Wall Street is currently buying hand-over-fist.
Top 5 AI Stocks to Buy for 2024
5 Best AI Stocks to Invest In Investors are getting very rich in AI stocks right now. Wall Street legend is giving away the name and ticker of the little-known AI stock Wall Street is currently buying hand-over-fist.
Check Point: Riding Investor Optimism
CHKP Apr 2024 195.000 call
CHKP Apr 2024 150.000 call
CHKP Apr 2024 160.000 put
CHKP Apr 2024 165.000 call
The Top 3 Software Stocks to Buy in March 2024
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CHKP
Employees
6,450
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$159.70
High Stock Price Target
$205.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
23 Analysts

Profitability

Net Income
$840.30 million
Pretax Margin
40.40%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$7.67 per share
Book Value
$24.11 per share

Miscellaneous

Free Float
85,741,000
Market Cap
$19.04 billion
Optionable
Optionable
Beta
0.61

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Key Executives

  • Mr. Gil Shwed (Age 55)
    Founder, CEO & Director
    Comp: $25.1k
  • Ms. Rupal Shah Hollenbeck (Age 51)
    President
    Comp: $1.34M
  • Dr. Dorit Dor
    Chief Technology Officer
  • Mr. Sharon Schusheim
    Chief Services Officer
  • Mr. Roei Golan
    Chief Financial Officer
  • Mr. Alex Spokoiny
    Chief Information Officer
  • Mr. Kip E. Meintzer
    Head of Global Investor Relations
  • Shira Yashar
    General Counsel
  • Mr. Yiftah Yoffe
    Chief Human Resource Officer
  • Mr. Sundar N. Balasubramanian
    Managing Director of India & SAARC Region

Should I Buy Check Point Software Technologies Stock? CHKP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Check Point Software Technologies Ltd.:

  • Check Point Software Technologies reported strong earnings per share of $2.57 for the last quarter, beating the consensus estimate by $0.10. This indicates a healthy financial performance.
  • The company has a diverse range of products and services for IT security, including cloud, network, mobile devices, and IoT solutions, catering to a wide market segment.
  • Check Point Software Technologies has a solid return on equity of 30.81%, showcasing efficient utilization of shareholder funds.
  • The stock price of Check Point Software Technologies has shown stability and growth, with a 1-year high of $168.82, indicating positive investor sentiment.
  • Check Point Software Technologies has a strategic partnership with Revelstoke to enhance its detection and response solutions, potentially driving future growth.

Cons

Investors should be bearish about investing in Check Point Software Technologies Ltd. for these reasons:

  • Check Point Software Technologies faces competition in the cybersecurity industry, which could impact market share and pricing strategies.
  • The company's PEG ratio of 2.66 suggests that the stock may be overvalued compared to its earnings growth potential, posing a risk for investors.
  • Market volatility and economic uncertainties could affect the demand for IT security solutions, impacting Check Point Software Technologies' revenue streams.
  • Investors need to consider the company's beta of 0.61, indicating lower volatility compared to the market, which may limit potential returns during bullish market conditions.
  • While the company has shown growth, investors should monitor any changes in cybersecurity trends and regulations that could impact Check Point Software Technologies' business operations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Check Point Software Technologies pros and cons to contact@marketbeat.com.

CHKP Stock Analysis - Frequently Asked Questions

Should I buy or sell Check Point Software Technologies stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last twelve months. There are currently 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHKP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHKP, but not buy additional shares or sell existing shares.
View CHKP analyst ratings
or view top-rated stocks.

What is Check Point Software Technologies' stock price target for 2024?

23 brokers have issued 1-year price targets for Check Point Software Technologies' stock. Their CHKP share price targets range from $105.00 to $205.00. On average, they predict the company's stock price to reach $159.70 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for CHKP
or view top-rated stocks among Wall Street analysts.

How have CHKP shares performed in 2024?

Check Point Software Technologies' stock was trading at $152.79 on January 1st, 2024. Since then, CHKP stock has increased by 3.2% and is now trading at $157.72.
View the best growth stocks for 2024 here
.

Are investors shorting Check Point Software Technologies?

Check Point Software Technologies saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 3,080,000 shares, a decline of 7.2% from the March 15th total of 3,320,000 shares. Based on an average daily volume of 720,100 shares, the short-interest ratio is currently 4.3 days. Approximately 3.2% of the company's shares are short sold.
View Check Point Software Technologies' Short Interest
.

When is Check Point Software Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CHKP earnings forecast
.

How can I listen to Check Point Software Technologies' earnings call?

Check Point Software Technologies will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Check Point Software Technologies' earnings last quarter?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) released its quarterly earnings results on Tuesday, February, 6th. The technology company reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The technology company had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a trailing twelve-month return on equity of 30.81%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.23 EPS.

What ETFs hold Check Point Software Technologies' stock?
What guidance has Check Point Software Technologies issued on next quarter's earnings?

Check Point Software Technologies updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 8.700-9.300 for the period, compared to the consensus earnings per share estimate of 9.050. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion.

What is Gil Shwed's approval rating as Check Point Software Technologies' CEO?

874 employees have rated Check Point Software Technologies Chief Executive Officer Gil Shwed on Glassdoor.com. Gil Shwed has an approval rating of 81% among the company's employees. 79.0% of employees surveyed would recommend working at Check Point Software Technologies to a friend.

What other stocks do shareholders of Check Point Software Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Check Point Software Technologies investors own include NVIDIA (NVDA), Cisco Systems (CSCO), Broadcom (AVGO), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Intel (INTC), QUALCOMM (QCOM), Adobe (ADBE) and PayPal (PYPL).

Who are Check Point Software Technologies' major shareholders?

Check Point Software Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Perpetual Ltd (0.57%), CWM LLC (0.04%), Meyer Handelman Co. (0.03%), Butensky & Cohen Financial Security Inc. (0.02%), Capital Insight Partners LLC (0.02%) and Private Harbour Investment Management & Counsel LLC (0.02%).

How do I buy shares of Check Point Software Technologies?

Shares of CHKP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Check Point Software Technologies have any subsidiaries?
The following companies are subsidiares of Check Point Software Technologies: Avanan Inc, Avanan Inc., CPST (Portugal) Sociedade Unipessoal Lda., Check Point Advanced Threat Prevention Ltd., Check Point Developer Security Tools Ltd., Check Point Email Security Ltd., Check Point Holding (Singapore) PTE Ltd., Check Point Holding AB, Check Point IOT Security Ltd., Check Point Mobile Security Ltd., Check Point Public Cloud Security Ltd., Check Point Secure Remote Access Ltd., Check Point Serverless Security Ltd., Check Point Software (Canada) Technologies Inc., Check Point Software (Kenya) Ltd., Check Point Software Technologies (Australia) PTY Ltd., Check Point Software Technologies (Austria) GmbH, Check Point Software Technologies (Beijing) Co. Ltd., Check Point Software Technologies (Belarus) LLC, Check Point Software Technologies (Belgium) S.A., Check Point Software Technologies (Brazil) LTDA, Check Point Software Technologies (Czech Republic) s.r.o., Check Point Software Technologies (Denmark) ApS, Check Point Software Technologies (Finland) Oy, Check Point Software Technologies (Greece) SA, Check Point Software Technologies (Hong Kong) Ltd., Check Point Software Technologies (Hungary) Ltd., Check Point Software Technologies (India) Private Limited, Check Point Software Technologies (Italia) Srl, Check Point Software Technologies (Japan) Ltd., Check Point Software Technologies (Korea) Ltd., Check Point Software Technologies (Netherlands) B.V., Check Point Software Technologies (New Zealand) Limited, Check Point Software Technologies (Philippines) Inc., Check Point Software Technologies (Poland) Sp.z.o.o., Check Point Software Technologies (RMN) SRL., Check Point Software Technologies (Russia) OOO, Check Point Software Technologies (Spain) S.A., Check Point Software Technologies (Sweden) AB., Check Point Software Technologies (Switzerland) A.G., Check Point Software Technologies (Taiwan) Ltd., Check Point Software Technologies (UK) Ltd., Check Point Software Technologies B.V Nigeria Ltd., Check Point Software Technologies GmbH, Check Point Software Technologies Inc., Check Point Software Technologies Mexico S.A. de C.V., Check Point Software Technologies Norway A.S., Check Point Software Technologies S.A., Check Point Software Technologies SARL, Check Point Software Technologies South Africa PTY. Ltd, Check Point Web Applications and API Protection Ltd., Check Point Yazilim Teknolojileri Pazarlama A.S., Cymplify, Dome9 Security, FaceTime Communications, ForceNock, Hyperwise, Israel Check Point Software Technologies Ltd. China, Lacoon Mobile Security, Liquid Machines, MetaInfo Inc., NFR Security, Nokia Security Appliances, Odo Security, PointSec, Protect Data AB, Protego Labs, Protego Labs Inc., SofaWare, Sourcefire, Spectral Cyber Technologies Ltd., Spectral Cyber Technologies. Inc., Zone Labs, Zone Labs L.L.C., and easy2comply (Dynasec).
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This page (NASDAQ:CHKP) was last updated on 4/16/2024 by MarketBeat.com Staff

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