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NASDAQ:CHKP

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

$182.74
+1.57 (+0.87%)
(As of 07/26/2024 ET)
Today's Range
$180.55
$183.83
50-Day Range
$146.79
$182.74
52-Week Range
$125.68
$184.67
Volume
637,991 shs
Average Volume
713,493 shs
Market Capitalization
$20.63 billion
P/E Ratio
25.38
Dividend Yield
N/A
Price Target
$183.68

Check Point Software Technologies MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
0.5% Upside
$183.68 Price Target
Short Interest
Healthy
2.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.19
Upright™ Environmental Score
News Sentiment
0.88mentions of Check Point Software Technologies in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.78%
From $7.79 to $8.63 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.

4.49 out of 5 stars

Computer And Technology Sector

111th out of 612 stocks

Prepackaged Software Industry

35th 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

Maintaining Hold on Check Point Software Amid Growth and Challenges
Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, one man called Nvidia before just about anyone knew it existed. Now, this same guy says a new company could become the next to soar like Nvidia.
Man Who Called Nvidia at $1.10 Says Buy This Now...
In 2004, one man called Nvidia before just about anyone knew it existed. Now, this same guy says a new company could become the next to soar like Nvidia.
Check Point Software Appoints Cyber Security Expert Nadav Zafrir As CEO
Check Point Software Technologies Ltd Q2 Profit Beats Estimates
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
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
+0.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
24 Analysts

Profitability

Net Income
$840.30 million
Pretax Margin
39.77%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$7.99 per share
Book Value
$24.11 per share

Miscellaneous

Free Float
80,166,000
Market Cap
$20.63 billion
Optionable
Optionable
Beta
0.62

Social Links

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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 reported strong earnings per share (EPS) of $1.72 for the quarter, meeting analysts' consensus estimates, indicating financial stability and potential growth.
  • The company has a healthy net margin of 34.33% and a return on equity of 31.42%, showcasing efficient operations and profitability.
  • Check Point Software Technologies had revenue of $598.80 million for the quarter, surpassing the consensus estimate, demonstrating strong financial performance.
  • Analysts anticipate the company to post 7.79 earnings per share for the current fiscal year, indicating positive future earnings potential.
  • Recent analyst reports have shown positive sentiment towards the company, with target price upgrades and "outperform" ratings, suggesting growth prospects.

Cons

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

  • Market analysts have given the stock an average rating of "Hold," indicating mixed opinions on the company's future performance.
  • Thirteen analysts have rated the stock with a hold rating, suggesting uncertainty in the market regarding Check Point Software Technologies' outlook.
  • While the company has shown strong financial metrics, there may be concerns about sustaining growth in a competitive technology sector.
  • Some analysts have issued "neutral" ratings, indicating a cautious approach towards the company's stock performance.
  • The average target price of $169.18 may imply limited upside potential based on current market evaluations.
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, July 1, 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 at the beginning of the year. Since then, CHKP stock has increased by 19.6% and is now trading at $182.74.
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 earnings results on Wednesday, July, 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies's revenue was up 6.6% on a year-over-year basis.

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?

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

Who are Check Point Software Technologies' major shareholders?

Top institutional investors of Check Point Software Technologies include Ninety One UK Ltd (3.20%), Swedbank AB (0.37%), Boston Trust Walden Corp (0.34%) and Compass Capital Management Inc. (0.32%).

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 7/27/2024 by MarketBeat.com Staff

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