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NASDAQ:CHKP

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

$188.42
+0.28 (+0.15%)
(As of 09/6/2024 ET)
Today's Range
$187.55
$190.00
50-Day Range
$165.00
$192.50
52-Week Range
$126.57
$193.27
Volume
616,170 shs
Average Volume
688,047 shs
Market Capitalization
$21.27 billion
P/E Ratio
26.17
Dividend Yield
N/A
Price Target
$183.68

Check Point Software Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
2.5% Downside
$183.68 Price Target
Short Interest
Bearish
3.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.19
Upright™ Environmental Score
News Sentiment
1.11mentions of Check Point Software Technologies in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.60%
From $7.83 to $8.66 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.

4.00 out of 5 stars

Computer And Technology Sector

168th out of 594 stocks

Prepackaged Software Industry

47th out of 202 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. In addition, the company offers security gateways and software platforms that support small and medium sized business. Further, it provides cloud network security, cloud native application protection, security and posture management, cloud identity and entitlement, cloud workload protection, cloud detection and response, and cloud web application protection for web applications and APIs; and Check Point Harmony that delivers endpoint and secure connectivity for remote user access. Additionally, the company offers 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. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv, Israel.

CHKP Stock Price History

CHKP Stock News Headlines

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Check Point Software Technologies Ltd (CPW.DU)
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Maintaining Hold on Check Point Software Amid Growth and Challenges
Check Point Software Technologies Ltd Q2 Profit Beats Estimates
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
9/07/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:CHKP
Employees
6,450
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$183.68
High Stock Price Target
$215.00
Low Stock Price Target
$144.00
Potential Upside/Downside
-2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
24 Analysts

Profitability

Net Income
$840.30 million
Pretax Margin
38.76%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$7.71 per share
Book Value
$25.05 per share

Miscellaneous

Free Float
80,166,000
Market Cap
$21.27 billion
Optionable
Optionable
Beta
0.62

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Key Executives

  • Mr. Gil Shwed (Age 55)
    Founder, CEO & Director
    Comp: $25.2k
  • Ms. Rupal Shah Hollenbeck (Age 52)
    President
    Comp: $1.22M
  • Dr. Dorit Dor
    Chief Technology Officer
  • Mr. Sharon Schusheim
    Chief Services Officer
  • Mr. Itai Greenberg
    Chief Strategy Officer & Head of Cloud Security Business
  • 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

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 has consistently shown revenue growth, with a 6.6% increase in quarterly revenue compared to the same period last year.
  • The company has a strong return on equity of 31.59%, indicating efficient use of shareholder funds to generate profits.
  • Check Point Software Technologies has a relatively low P/E ratio of 24.45, suggesting the stock may be undervalued compared to its earnings potential.
  • Analysts have given positive ratings to the stock, with a consensus price target of $183.68, indicating potential for price appreciation.
  • With a market cap of $19.62 billion, Check Point Software Technologies is a well-established player in the IT security industry, providing stability to investors.

Cons

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

  • The stock's price-to-earnings-growth (P/E/G) ratio of 2.84 is relatively high, indicating that the stock may be overvalued based on its growth prospects.
  • Check Point Software Technologies' beta of 0.62 suggests that the stock is less volatile than the market average, potentially limiting short-term trading opportunities.
  • While the company has a 1 year high of $186.75, the stock price has been relatively stable, which may limit short-term capital gains for investors.
  • Check Point Software Technologies' two-hundred day moving average price of $161.28 indicates a potential resistance level for the stock's price movement.
  • Investors should consider the industry competition and potential technological disruptions that could impact Check Point Software Technologies' market position and growth prospects.
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 Monday, August 19, 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

How have CHKP shares performed this year?

Check Point Software Technologies' stock was trading at $152.79 on January 1st, 2024. Since then, CHKP stock has increased by 23.3% and is now trading at $188.42.
View the best growth stocks for 2024 here
.

How were Check Point Software Technologies' earnings last quarter?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) issued its quarterly earnings results on Wednesday, July, 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.16 by $0.01. The business's revenue for the quarter was up 6.6% compared to the same quarter last year.

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.

Does Check Point Software Technologies have any subsidiaries?

The following companies are subsidiaries of Check Point Software Technologies: Avanan Inc, Spectral Cyber Technologies Ltd., Odo Security, Protego Labs, Cymplify, ForceNock, Dome9 Security, and others.

Who are Check Point Software Technologies' major shareholders?

Top institutional shareholders of Check Point Software Technologies include Massachusetts Financial Services Co. MA (4.90%), Acadian Asset Management LLC (3.64%), Ninety One UK Ltd (3.20%) and Ariel Investments LLC (1.18%).

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.

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

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

This page (NASDAQ:CHKP) was last updated on 9/7/2024 by MarketBeat.com Staff

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