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Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation

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

$158.05
-2.37 (-1.48%)
(As of 03/1/2024 ET)
Today's Range
$157.65
$160.11
50-Day Range
$151.05
$165.29
52-Week Range
$117.18
$166.71
Volume
738,651 shs
Average Volume
850,430 shs
Market Capitalization
$19.09 billion
P/E Ratio
22.20
Dividend Yield
N/A
Price Target
$157.32

Check Point Software Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
0.5% Downside
$157.32 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.19
Upright™ Environmental Score
News Sentiment
1.03mentions of Check Point Software Technologies in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.73%
From $7.83 to $8.67 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.

4.77 out of 5 stars

Computer And Technology Sector

38th out of 595 stocks

Prepackaged Software Industry

11th out of 206 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

These cyber security stocks can hit new highs
Cyber security stocks are in an uptrend driven by growing demand and rising risks for digital networks. Fortinet and Check Point both repurchase shares robustly.
CHKP Mar 2024 150.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CHKP Oct 2024 110.000 put
CHKP May 2024 110.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Check Point Offers Slow Cumulative Growth
CHKP Mar 2024 210.000 call
Unlocking AI-Powered Protection
CHKP Apr 2024 200.000 call
Check Point (CHKP) Q4 Earnings and Revenues Top Estimates
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/02/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CHKP
Employees
6,026
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$157.32
High Stock Price Target
$200.00
Low Stock Price Target
$105.00
Potential Upside/Downside
-0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
22 Analysts

Profitability

Net Income
$840.30 million
Pretax Margin
40.40%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$7.73 per share
Book Value
$23.36 per share

Miscellaneous

Free Float
85,741,000
Market Cap
$19.09 billion
Optionable
Optionable
Beta
0.61

Social Links

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Key Executives

  • Mr. Gil Shwed (Age 55)
    Founder, CEO & Director
    Comp: $25.1k
  • Ms. Rupal Shah Hollenbeck (Age 52)
    President
    Comp: $1.34M
  • Dr. Dorit Dor
    Chief Technology Officer
  • Mr. Sharon Schusheim
    Vice President of Information Systems
  • Mr. Roei Golan
    Chief Financial 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
  • Mr. Manish Alshi
    Head of Channels & Growth Technologies - India

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Check Point Software Technologies was last updated on Tuesday, February 27, 2024 at 3:22 PM.

Pros

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

  • Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide.
  • The company offers innovative solutions to address cybersecurity challenges, which are in high demand in today's digital landscape.
  • Recent partnership with Revelstoke to automate detection and response solutions showcases the company's commitment to staying ahead in the industry.
  • Strong track record since its incorporation in 1993, indicating stability and experience in the market.
  • Current stock price of Check Point Software Technologies Ltd. is favorable for potential investors, providing a good entry point.

Cons

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

  • While the company offers innovative solutions, the competitive landscape in the cybersecurity sector is intense, leading to potential challenges in market share.














CHKP Stock Analysis - Frequently Asked Questions

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

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Check Point Software Technologies in the last year. There are currently 13 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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?

22 analysts have issued 1 year price objectives for Check Point Software Technologies' shares. Their CHKP share price targets range from $105.00 to $200.00. On average, they predict the company's stock price to reach $157.32 in the next year. This suggests that the stock has a possible downside of 0.5%.
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 at the start of the year. Since then, CHKP stock has increased by 3.4% and is now trading at $158.05.
View the best growth stocks for 2024 here
.

Are investors shorting Check Point Software Technologies?

Check Point Software Technologies saw a decrease in short interest in February. As of February 15th, there was short interest totaling 1,620,000 shares, a decrease of 40.2% from the January 31st total of 2,710,000 shares. Based on an average trading volume of 750,700 shares, the short-interest ratio is currently 2.2 days. Approximately 1.7% of the shares of the company 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 Monday, May 6th 2024.
View our CHKP earnings forecast
.

How were Check Point Software Technologies' earnings last quarter?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) announced its quarterly earnings results on Tuesday, February, 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. The technology company earned $663.50 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the business 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 EPS guidance of 8.700-9.300 for the period, compared to the consensus 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 institutional and retail investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (4.69%), Ninety One UK Ltd (3.06%), Boston Partners (2.74%), Nordea Investment Management AB (2.22%), Legal & General Group Plc (1.53%) and First Trust Advisors LP (1.07%).

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 3/2/2024 by MarketBeat.com Staff