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NASDAQ:CHKP

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

$188.99
-2.71 (-1.41%)
(As of 09/18/2024 ET)

About Check Point Software Technologies Stock (NASDAQ:CHKP)

Key Stats

Today's Range
$184.23
$192.38
50-Day Range
$170.00
$195.17
52-Week Range
$126.57
$195.29
Volume
671,542 shs
Average Volume
681,371 shs
Market Capitalization
$21.34 billion
P/E Ratio
26.25
Dividend Yield
N/A
Price Target
$183.68
Consensus Rating
Hold

Company Overview

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.

Check Point Software Technologies Stock Analysis - MarketRank™

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Overall MarketRank™: 87th Percentile

Check Point Software Technologies scored higher than 87% of companies evaluated by MarketBeat, and ranked 161st out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Check Point Software Technologies has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 9 buy ratings, 16 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Check Point Software Technologies has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Check Point Software Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Check Point Software Technologies are expected to grow by 10.60% in the coming year, from $7.83 to $8.66 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Check Point Software Technologies is 26.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Check Point Software Technologies is 26.25, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.79.

  • Price to Earnings Growth Ratio

    Check Point Software Technologies has a PEG Ratio of 2.96. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Check Point Software Technologies has a P/B Ratio of 7.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Check Point Software Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    3.55% of the float of Check Point Software Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Check Point Software Technologies has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in Check Point Software Technologies has recently increased by 5.15%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Check Point Software Technologies does not currently pay a dividend.

  • Dividend Growth

    Check Point Software Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.55% of the float of Check Point Software Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Check Point Software Technologies has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in Check Point Software Technologies has recently increased by 5.15%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Check Point Software Technologies has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Check Point Software Technologies this week, compared to 7 articles on an average week.
  • Search Interest

    Only 5 people have searched for CHKP on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Check Point Software Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Check Point Software Technologies insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    29.00% of the stock of Check Point Software Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    87.62% of the stock of Check Point Software Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Check Point Software Technologies' insider trading history.

CHKP Stock News Headlines

⭕ [URGENT] Buy Alert just triggered
My absolute favorite stock just hit a critical "buy now" trigger price.
See More Headlines

CHKP Stock Analysis - Frequently Asked Questions

Check Point Software Technologies' stock was trading at $152.79 at the beginning of 2024. Since then, CHKP stock has increased by 23.7% and is now trading at $188.99.
View the best growth stocks for 2024 here
.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) announced its earnings results on Wednesday, July, 24th. The technology company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.16 by $0.01. The business's revenue for the quarter was up 6.6% on a year-over-year basis.

Check Point Software Technologies subsidiaries include these companies: Avanan Inc, Spectral Cyber Technologies Ltd., Odo Security, Protego Labs, Cymplify, ForceNock, Dome9 Security, and more.

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%).

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.

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).

Company Calendar

Last Earnings
7/24/2024
Today
9/18/2024
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
-1.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
25 Analysts

Profitability

Net Income
$840.30 million
Pretax Margin
38.76%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$7.76 per share
Book Value
$24.11 per share

Miscellaneous

Free Float
80,166,000
Market Cap
$21.14 billion
Optionable
Optionable
Beta
0.62

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

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 Sunday, September 8, 2024. Please send any questions or comments about these Check Point Software Technologies pros and cons to contact@marketbeat.com.

Check Point Software Technologies
Bull Case

green Wall Street bull icon

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

  • Check Point Software Technologies Ltd. has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
  • The company's stock price has been steadily increasing, reaching $182.26 on the latest trading day, showing positive momentum.
  • Check Point Software Technologies Ltd. offers a diverse range of IT security products and services, catering to various cybersecurity needs in the market.
  • Analysts have given positive ratings to the company, with some setting higher price targets, suggesting confidence in its future growth potential.
  • The company has a solid return on equity of 31.59%, reflecting efficient utilization of shareholder funds to generate profits.

Check Point Software Technologies
Bear Case

red Wall Street bear icon

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

  • Check Point Software Technologies Ltd. operates in a highly competitive industry, facing constant challenges from other cybersecurity firms, which may impact its market share.
  • The stock's price-to-earnings ratio of 25.31 is relatively high, indicating that the stock may be overvalued compared to its earnings potential.
  • The company's P/E/G ratio of 2.84 suggests that the stock may be overpriced relative to its expected earnings growth rate.
  • Check Point Software Technologies Ltd.'s beta of 0.62 indicates lower volatility compared to the market, potentially limiting short-term trading opportunities for investors.
  • While the company has shown revenue growth, its net margin of 33.61% may indicate lower profitability compared to some competitors in the industry.

This page (NASDAQ:CHKP) was last updated on 9/18/2024 by MarketBeat.com Staff
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