NASDAQ:CHKP

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

$126.14

+2.26 (+1.82%)

(As of 06/9/2023 ET)

Compare

Today's Range: $124.06
▼
$126.61
50-Day Range: $118.46
▼
$134.46
52-Week Range: $107.54
▼
$135.93

Volume: 1.22 million shs
Average Volume: 926,681 shs
Market Capitalization: $15.23 billion

P/E Ratio: 19.26
Dividend Yield: N/A
Price Target: $133.91

Check Point Software Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.16 Rating Score
Upside/Downside: 6.2% Upside
$133.91 Price Target
Short Interest: Bearish
4.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.17
Upright™ Environmental Score
News Sentiment: 0.74
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.33%
From $6.97 to $7.62 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

178th out of 600 stocks

Prepackaged Software Industry

44th out of 212 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 $133.91, Check Point Software Technologies has a forecasted upside of 6.2% from its current price of $126.14.
Amount of Analyst Coverage
Check Point Software Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
4.98% 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 5.7.
Change versus previous month
Short interest in Check Point Software Technologies has recently increased by 23.91%, indicating that investor sentiment is decreasing significantly.

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.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Check Point Software Technologies has received a 53.51% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Cybersecurity management systems", "VPN software", and "Cloud security software" products. See details.
Environmental Sustainability
The Environmental Impact score for Check Point Software Technologies is -1.17.

2.1

News and Social Media Coverage

News Sentiment
Check Point Software Technologies has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Check Point Software Technologies this week, compared to 6 articles on an average week.
Search Interest
Only 4 people have searched for CHKP on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Check Point Software Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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
64.76% 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 9.33% in the coming year, from $6.97 to $7.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Check Point Software Technologies is 19.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Check Point Software Technologies is 19.26, 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 361.49.
Price to Earnings Growth Ratio
Check Point Software Technologies has a PEG Ratio of 2.42. 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 5.20. 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.

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CHKP Stock News Headlines

June 9, 2023 | benzinga.com

May 2023's Most Wanted Malware: New Version of Guloader Delivers Encrypted Cloud-Based Payloads

June 9, 2023 | finance.yahoo.com

May 2023’s Most Wanted Malware: New Version of Guloader Delivers Encrypted Cloud-Based Payloads

June 10, 2023 | Behind the Markets (Ad)

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June 9, 2023 | americanbankingnews.com

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Expected to Post Q2 2023 Earnings of $1.61 Per Share

June 9, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) & Activision Blizzard (NASDAQ:ATVI) Head to Head Comparison

May 31, 2023 | finance.yahoo.com

Check Point (CHKP) Up 2.2% Since Last Earnings Report: Can It Continue?

May 30, 2023 | americanbankingnews.com

Short Interest in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Grows By 23.9%

May 25, 2023 | americanbankingnews.com

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $133.91 Average PT from Brokerages

June 10, 2023 | Behind the Markets (Ad)

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May 19, 2023 | finanznachrichten.de

Check Point Software Technologies Ltd.: Check Point Software extends its Industry-Leading Cloud Firewall to Secure Microsoft Azure Virtual WAN

May 18, 2023 | finance.yahoo.com

Check Point Software extends its Industry-Leading Cloud Firewall to Secure Microsoft Azure Virtual WAN

May 18, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) Now Covered by Analysts at StockNews.com

May 16, 2023 | benzinga.com

UPDATE - Revelstoke Partners with Check Point Software Technologies to Automate Industry-Leading Detection and Response Solutions

May 11, 2023 | markets.businessinsider.com

Check Point Software Technologies Appoints Roei Golan As CFO - Quick Facts

May 11, 2023 | finance.yahoo.com

Check Point Software Technologies Bolsters Endpoint Security with Enhanced Posture Management to Tackle Escalating Vulnerability Exploits

May 11, 2023 | finance.yahoo.com

April 2023’s Most Wanted Malware: Qbot Launches Substantial Malspam Campaign and Mirai Makes its Return

May 11, 2023 | finance.yahoo.com

Check Point Software Appoints Roei Golan Chief Financial Officer

May 10, 2023 | finance.yahoo.com

Calculating The Fair Value Of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

May 9, 2023 | finance.yahoo.com

Revelstoke Partners with Check Point Software Technologies to Automate Industry-Leading Detection and Response Solutions

May 9, 2023 | finance.yahoo.com

This Undervalued Nasdaq Stock Is a Screaming Buy and It Could Jump 35%

May 9, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) Receives New Coverage from Analysts at Stifel Nicolaus

May 8, 2023 | finance.yahoo.com

NIST adds Check Point Software’s MIND Training Program to its NICE Education and Training Resources

May 6, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Check Point Software Technologies Ltd. Increased by Wedbush (NASDAQ:CHKP)

May 5, 2023 | americanbankingnews.com

Analysts Offer Predictions for Check Point Software Technologies Ltd.'s Q3 2023 Earnings (NASDAQ:CHKP)

May 4, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) PT Lowered to $132.00

May 4, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) Price Target Cut to $135.00 by Analysts at Deutsche Bank Aktiengesellschaft

May 4, 2023 | americanbankingnews.com

Check Point Software Technologies (NASDAQ:CHKP) Price Target Cut to $127.00

See More Headlines

CHKP Price History

30 days | 90 days | 365 days | Advanced Chart

CHKP Company Calendar

Last Earnings: 5/01/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/07/2023
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: $133.91
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $105.00
Forecasted Upside/Downside: +6.2%
Consensus Rating: Hold
Rating Score (0-4): 2.16
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.55
Trailing P/E Ratio: 19.26
Forward P/E Ratio: 18.10
P/E Growth: 2.42
Net Income: $796.90 million
Net Margins: 34.49%
Pretax Margin: 39.94%
Return on Equity: 28.35%
Return on Assets: 14.89%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.20
Quick Ratio: 1.20

Sales & Book Value

Annual Sales: $2.33 billion
Price / Sales: 6.54
Cash Flow: $7.46 per share
Price / Cash Flow: 16.90
Book Value: $24.26 per share
Price / Book: 5.20

Miscellaneous

Outstanding Shares: 120,760,000
Free Float: 85,741,000
Market Cap: $15.23 billion
Optionable: Optionable
Beta: 0.69

Social Links

Key Executives

Gil Shwed
Chief Executive Officer & Director

Rupal Hollenbeck
President

Roei Golan
Chief Financial Officer

Dorit Dor
Chief Technology Officer

Sharon Schusheim
Chief Information Officer & VP-Information System

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 equities research analysts have issued 12 month target prices for Check Point Software Technologies' stock. Their CHKP share price forecasts range from $105.00 to $160.00. On average, they predict the company's share price to reach $133.91 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
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 decreased by 0.0% and is now trading at $126.14.
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 Monday, August 7th 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 results on Monday, May, 1st. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.49 by $0.31. The technology company earned $566.20 million during the quarter, compared to analysts' expectations of $568.83 million. Check Point Software Technologies had a trailing twelve-month return on equity of 28.35% and a net margin of 34.49%. Check Point Software Technologies's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share.
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 second quarter 2023 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.88. The company issued revenue guidance of $570.00 million-$605.00 million, compared to the consensus revenue estimate of $595.83 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.93%), Acadian Asset Management LLC (3.81%), Ninety One UK Ltd (3.00%), Boston Partners (2.48%), Nordea Investment Management AB (2.11%) 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 $126.14.
How much money does Check Point Software Technologies make?: Check Point Software Technologies (NASDAQ:CHKP) has a market capitalization of $15.23 billion and generates $2.33 billion in revenue each year. The technology company earns $796.90 million in net income (profit) each year or $6.55 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).
Read More
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 6/10/2023 by MarketBeat.com Staff

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

Check Point Software Technologies MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Check Point Software Technologies (NASDAQ:CHKP) Stock

CHKP Stock News Headlines

CHKP Price History

CHKP Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

CHKP Stock - Frequently Asked Questions

Overall MarketRank^™