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

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.

Key Stats

• Today's Range: $179.06 to $181.96
• 50-Day Range: $170.18 to $209.01
• 52-Week Range: $143.28 to $210.70
• Volume: 388,198 shs
• Average Volume: 893,121 shs
• Market Capitalization: $19.99 billion
• P/E Ratio: 24.83
• Dividend Yield: N/A
• Price Target: $197.74
• Consensus Rating: Hold

Check Point Software Technologies Stock Analysis - MarketRank™

Check Point Software Technologies scored higher than 93% of companies evaluated by MarketBeat, and ranked 71st out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Check Point Software Technologies has received a consensus rating of Hold. The company's average rating score is 2.35, and is based on 8 buy ratings, 15 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Check Point Software Technologies has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.89%

Earnings Growth

Earnings for Check Point Software Technologies are expected to grow by 8.89% in the coming year, from $7.87 to $8.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Check Point Software Technologies is 24.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.37.

Price to Earnings Ratio vs. Sector

The P/E ratio of Check Point Software Technologies is 24.83, 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 206.50.

Price to Earnings Growth Ratio

Check Point Software Technologies has a PEG Ratio of 3.10. 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 7.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.34% 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 4.3.

Change versus previous month

Short interest in Check Point Software Technologies has recently decreased by 14.46%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -1.19

Percentage of Shares Shorted

3.34% 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 4.3.

Change versus previous month

Short interest in Check Point Software Technologies has recently decreased by 14.46%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.04

News Sentiment

Check Point Software Technologies has a news sentiment score of 1.04. 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 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Check Point Software Technologies this week, compared to 8 articles on an average week.

Search Interest

12 people have searched for CHKP on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

9 people have added Check Point Software Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

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.

CHKP Stock Analysis - Frequently Asked Questions

How have CHKP shares performed this year?

Check Point Software Technologies' stock was trading at $152.79 at the start of the year. Since then, CHKP stock has increased by 19.0% and is now trading at $181.75.
View the best growth stocks for 2024 here.

How were Check Point Software Technologies' earnings last quarter?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) posted its quarterly earnings data on Tuesday, October, 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. The firm's revenue for the quarter was up 6.5% on a year-over-year basis.

Does Check Point Software Technologies have any subsidiaries?

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

Who are Check Point Software Technologies' major shareholders?

Check Point Software Technologies' top institutional shareholders include Massachusetts Financial Services Co. MA (4.84%), State Street Corp (1.94%), Robeco Institutional Asset Management B.V. (1.63%) and FMR LLC (1.03%).

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), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Broadcom (AVGO) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 10/29/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:CHKP
• CUSIP: N/A
• CIK: 1015922
• Web: www.checkpoint.com
• Phone: (723) 753-4555
• Fax: 972-3575-9256
• Employees: 6,450
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $197.74
• High Stock Price Target: $238.00
• Low Stock Price Target: $155.00
• Potential Upside/Downside: +8.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.35
• Research Coverage: 23 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.32
• Trailing P/E Ratio: 24.83
• Forward P/E Ratio: 23.09
• P/E Growth: 3.1
• Net Income: $840.30 million
• Net Margins: 33.17%
• Pretax Margin: 38.16%
• Return on Equity: 31.84%
• Return on Assets: 16.06%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.14
• Quick Ratio: 1.14

Sales & Book Value

• Annual Sales: $2.41 billion
• Price / Sales: 8.28
• Cash Flow: $7.86 per share
• Price / Cash Flow: 23.12
• Book Value: $25.72 per share
• Price / Book: 7.07

Miscellaneous

• Outstanding Shares: 109,980,000
• Free Float: 78,088,000
• Market Cap: $19.99 billion
• Optionable: Optionable
• Beta: 0.63