NASDAQ:CHKP

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

$137.40

+1.53 (+1.13%)

(As of 09/22/2023 06:55 PM ET)

Compare

Today's Range: $135.92
▼
$137.88
50-Day Range: $126.37
▼
$137.46
52-Week Range: $107.54
▼
$138.60

Volume: 560,300 shs
Average Volume: 860,712 shs
Market Capitalization: $16.07 billion

P/E Ratio: 19.94
Dividend Yield: N/A
Price Target: $136.59

Check Point Software Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.16 Rating Score
Upside/Downside: 0.6% Downside
$136.59 Price Target
Short Interest: Bearish
6.06% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.14
Upright™ Environmental Score
News Sentiment: 1.00
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.24%
From $7.16 to $7.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Computer And Technology Sector

294th out of 583 stocks

Prepackaged Software Industry

83rd out of 203 stocks

2.1

Analyst's Opinion

Consensus Rating
Check Point Software Technologies has received a consensus rating of Hold. The company's average rating score is 2.16, and is based on 7 buy ratings, 15 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $136.59, Check Point Software Technologies has a forecasted downside of 0.6% from its current price of $137.40.
Amount of Analyst Coverage
Check Point Software Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
6.06% 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 6.9.
Change versus previous month
Short interest in Check Point Software Technologies has recently increased by 1.22%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

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.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Check Point Software Technologies has received a 46.48% net impact score from Upright. Check Point seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Societal stability & understanding among people". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Network gateways", "VPN software", and "Cloud security software" products. See details.
Environmental Sustainability
The Environmental Impact score for Check Point Software Technologies is -1.14.

3.3

News and Social Media Coverage

News Sentiment
Check Point Software Technologies has a news sentiment score of 1.00. 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 0.56 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Check Point Software Technologies this week, compared to 5 articles on an average week.
Search Interest
Only 3 people have searched for CHKP on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
MarketBeat Follows
12 people have added Check Point Software Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 9% compared to the previous 30 days.

3.3

Company Ownership

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
68.34% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Check Point Software Technologies are expected to grow by 8.24% in the coming year, from $7.16 to $7.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Check Point Software Technologies is 19.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Check Point Software Technologies is 19.94, 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 217.65.
Price to Earnings Growth Ratio
Check Point Software Technologies has a PEG Ratio of 2.53. 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 5.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Check Point Software Technologies (NASDAQ:CHKP) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

CHKP Stock News Headlines

August 31, 2023 | marketbeat.com

6 Cybersecurity Stocks: Which is the Best to Buy? (CHKP)

These six cybersecurity stocks outperform their expectations and are set up to move higher on analysts' sentiment and growth.

September 22, 2023 | americanbankingnews.com

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Recommendation of "Hold" by Brokerages

September 25, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.

September 19, 2023 | finance.yahoo.com

Israeli cyber firm Cato Networks raises $238 mln, valued at $3 bln

September 19, 2023 | finance.yahoo.com

Check Point Software Technologies Named A Leader in Latest Zero Trust Platform Providers Report by Independent Research Firm

September 18, 2023 | finance.yahoo.com

Cyberattack disrupts Clorox's operations, impacts financial outlook

September 17, 2023 | americanbankingnews.com

Financial Contrast: Check Point Software Technologies (NASDAQ:CHKP) and Network International (OTCMKTS:NWITY)

September 12, 2023 | tmcnet.com

Check Point Software Technologies Recognized by Newsweek as World's Most Trustworthy Cybersecurity Company

September 25, 2023 | Wall Street Fundamentals (Ad)

Would Buffett Approve of This Growth Strategy?

September 12, 2023 | finance.yahoo.com

Check Point Software Technologies Recognized by Newsweek as World’s Most Trustworthy Cybersecurity Company

September 11, 2023 | markets.businessinsider.com

Check Point (CHKP) Gets a Buy from Jefferies

September 6, 2023 | finance.yahoo.com

Check Point to Acquire Atmosec, an Innovative SaaS Security Vendor, as part of its Strategy to Deliver the Most Secure SASE Solution

August 31, 2023 | msn.com

Citigroup Maintains Check Point Software Technologies (CHKP) Neutral Recommendation

August 28, 2023 | stocknews.com

3 Security Stocks Where Investors Pool Their Money

August 25, 2023 | finance.yahoo.com

Check Point (CHKP) Up 0.1% Since Last Earnings Report: Can It Continue?

August 24, 2023 | stocknews.com

3 Security Stocks With Massive Quality on Wall Street

August 23, 2023 | finance.yahoo.com

Surge in Cybercrime: Check Point 2023 Mid-Year Security Report Reveals 48 Ransomware Groups Have Breached Over 2,200 Victims

August 17, 2023 | finance.yahoo.com

Check Point Software Technologies named 2023 Company of the Year and Best-in-Class for the Next-Generation Firewall (NGFW) industry by Frost & Sullivan

August 15, 2023 | seekingalpha.com

Check Point: Playing From Behind

August 11, 2023 | markets.businessinsider.com

Check Point (CHKP) Gets a Hold from Wells Fargo

August 11, 2023 | msn.com

Check Point Software expands security solutions offering with $490M acquisition of Perimeter 81

August 11, 2023 | finance.yahoo.com

Check Point Software Technologies Ltd: A High-Performing Stock with a GF Score of 99

August 10, 2023 | finance.yahoo.com

Check Point to Acquire Perimeter 81 - to Deliver the Fastest and most Secure SASE Solution in the Industry

August 9, 2023 | finance.yahoo.com

Check Point Software Technologies (NASDAQ:CHKP) sheds 3.3% this week, as yearly returns fall more in line with earnings growth

August 9, 2023 | finance.yahoo.com

July 2023’s Most Wanted Malware: Remote Access Trojan (RAT) Remcos Climbs to Third Place while Mobile Malware Anubis Returns to Top Spot

August 3, 2023 | finance.yahoo.com

Check Point Software Technologies Ltd. Shareholders Approve All 2023 Annual General Meeting Proposals

August 1, 2023 | finance.yahoo.com

Check Point Software Deploys Comprehensive Security Architecture at MidCoast Council To Align with Essential Eight and Support Zero Trust Approach to Network Security

See More Headlines

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CHKP Company Calendar

Last Earnings: 7/26/2023
Today: 9/25/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:CHKP
CUSIP: N/A
CIK: 1015922
Web: www.checkpoint.com
Phone: (723) 753-4555
Fax: 972-3575-9256
Employees: 6,026
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $136.59
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: -0.6%
Consensus Rating: Hold
Rating Score (0-4): 2.16
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.89
Trailing P/E Ratio: 19.94
Forward P/E Ratio: 19.19
P/E Growth: 2.53
Net Income: $796.90 million
Net Margins: 35.43%
Pretax Margin: 40.66%
Return on Equity: 29.80%
Return on Assets: 15.47%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.17
Quick Ratio: 1.17

Sales & Book Value

Annual Sales: $2.33 billion
Price / Sales: 6.90
Cash Flow: $7.34 per share
Price / Cash Flow: 18.73
Book Value: $24.26 per share
Price / Book: 5.66

Miscellaneous

Outstanding Shares: 116,990,000
Free Float: 83,066,000
Market Cap: $16.07 billion
Optionable: Optionable
Beta: 0.65

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Key Executives

Mr. Gil Shwed (Age 54)
Founder, CEO & Director
Comp: $25.1k

Ms. Rupal Shah Hollenbeck (Age 51)
Pres
Comp: $1.34M

Dr. Dorit Dor
Chief Technology Officer

Mr. Sharon Schusheim
VP of Information Systems

Mr. Roei Golan
Chief Financial Officer

Mr. Kip E. Meintzer
Head of Global Investor Relations

Shira Yashar
Gen. 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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CHKP Stock - Frequently Asked Questions

Should I buy or sell Check Point Software Technologies stock right now?: 25 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 3 sell ratings, 15 hold ratings and 7 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 forecast for 2023?: 25 brokers have issued 1 year price targets for Check Point Software Technologies' shares. Their CHKP share price forecasts range from $105.00 to $160.00. On average, they expect the company's share price to reach $136.59 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for CHKP or view top-rated stocks among Wall Street analysts.
How have CHKP shares performed in 2023?: Check Point Software Technologies' stock was trading at $126.16 on January 1st, 2023. Since then, CHKP stock has increased by 8.9% and is now trading at $137.40.
View the best growth stocks for 2023 here.
When is Check Point Software Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CHKP earnings forecast.
How were Check Point Software Technologies' earnings last quarter?: Check Point Software Technologies Ltd. (NASDAQ:CHKP) issued its quarterly earnings data on Wednesday, July, 26th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.10. The technology company had revenue of $588.70 million for the quarter, compared to analyst estimates of $589.66 million. Check Point Software Technologies had a net margin of 35.43% and a trailing twelve-month return on equity of 29.80%. The company's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS.
What ETFs hold Check Point Software Technologies' stock?: ETFs with the largest weight of Check Point Software Technologies (NASDAQ:CHKP) stock in their portfolio include BlueStar Israel Technology ETF (ITEQ), iShares MSCI Israel ETF (EIS), VanEck Israel ETF (ISRA), Global X Cybersecurity ETF (BUG), ETFMG Prime Cyber Security ETF (HACK), Gabelli Automation ETF (GAST), iShares Cybersecurity and Tech ETF (IHAK) and First Trust Nasdaq Cybersecurity ETF (CIBR).
What guidance has Check Point Software Technologies issued on next quarter's earnings?: Check Point Software Technologies issued an update on its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $1.97-$2.07 for the period, compared to the consensus estimate of $1.97. The company issued revenue guidance of $570.00 million-$605.00 million, compared to the consensus revenue estimate of $600.00 million.
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).
What is Check Point Software Technologies' stock symbol?: Check Point Software Technologies trades on the NASDAQ under the ticker symbol "CHKP."
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 investors include BlackRock Inc. (4.47%), Acadian Asset Management LLC (3.54%), Ninety One UK Ltd (3.08%), Boston Partners (2.56%), Nordea Investment Management AB (2.25%) and State Street Corp (1.76%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Check Point Software Technologies' stock price today?: One share of CHKP stock can currently be purchased for approximately $137.40.
How much money does Check Point Software Technologies make?: Check Point Software Technologies (NASDAQ:CHKP) has a market capitalization of $16.07 billion and generates $2.33 billion in revenue each year. The technology company earns $796.90 million in net income (profit) each year or $6.89 on an earnings per share basis.
How many employees does Check Point Software Technologies have?: The company employs 6,026 workers across the globe.
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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How can I contact Check Point Software Technologies?: Check Point Software Technologies' mailing address is 5 SHLOMO KAPLAN STREET, TEL AVIV L3, 6789159. The official website for the company is www.checkpoint.com. The technology company can be reached via phone at (723) 753-4555, via email at kip@checkpoint.com, or via fax at 972-3575-9256.

This page (NASDAQ:CHKP) was last updated on 9/25/2023 by MarketBeat.com Staff

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