NASDAQ:CHKP

Check Point Software Technologies - CHKP Stock Forecast, Price & News

$128.40

+0.37 (+0.29%)

(As of 03/24/2023 12:00 AM ET)

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Today's Range: $127.55
▼
$128.84
50-Day Range: $123.72
▼
$131.93
52-Week Range: $107.54
▼
$145.54

Volume: 524,409 shs
Average Volume: 800,350 shs
Market Capitalization: $16.10 billion

P/E Ratio: 20.28
Dividend Yield: N/A
Price Target: $138.41

Institutional Ownership

Check Point Software Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.23 Rating Score
Upside/Downside: 7.8% Upside
$138.41 Price Target
Short Interest: Healthy
3.11% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.30
Upright™ Environmental Score
News Sentiment: 1.23
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.09%
From $6.94 to $7.64 Per Share

Overall MarketRank^™

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

2.50 out of 5 stars

Computer And Technology Sector

175th out of 612 stocks

Prepackaged Software Industry

54th out of 213 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 2.23, and is based on 8 buy ratings, 11 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $138.41, Check Point Software Technologies has a forecasted upside of 7.8% from its current price of $128.40.
Amount of Analyst Coverage
Check Point Software Technologies has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
3.11% 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.
Change versus previous month
Short interest in Check Point Software Technologies has recently decreased by 10.60%, indicating that investor sentiment is improving 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.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Check Point Software Technologies has received a 38.22% 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 "Cybersecurity management systems", "VPN software", and "Firewall software" products. See details.
Environmental Sustainability
The Environmental Impact score for Check Point Software Technologies is -1.30.

2.9

News and Social Media Coverage

News Sentiment
Check Point Software Technologies has a news sentiment score of 1.23. 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 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Check Point Software Technologies this week, compared to 3 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 -84% compared to the previous 30 days.
MarketBeat Follows
Only 7 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 10.09% in the coming year, from $6.94 to $7.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Check Point Software Technologies is 20.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Check Point Software Technologies is 20.28, 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 345.75.
Price to Earnings Growth Ratio
Check Point Software Technologies has a PEG Ratio of 2.48. 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 5.50. 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. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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CHKP Stock News Headlines

March 24, 2023 | finance.yahoo.com

The Best Trade in Tech Right Now—and 6 Ways to Play It

March 19, 2023 | finance.yahoo.com

Check Point Software Technologies' (NASDAQ:CHKP) Returns Have Hit A Wall

March 25, 2023 | Weiss Ratings (Ad)

Urgent Warning

This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …

March 17, 2023 | finance.yahoo.com

Check Point (CHKP) Introduces Infinity Global Services

March 15, 2023 | finance.yahoo.com

Check Point (CHKP) Up 0.7% Since Last Earnings Report: Can It Continue?

March 15, 2023 | finance.yahoo.com

Check Point Software Technologies Introduces Infinity Global Services for End-to-End Cyber Resilience

March 13, 2023 | finance.yahoo.com

GigaOm Recognizes Check Point Software as a Leader in Innovation in its Application and API Security Report

March 9, 2023 | finance.yahoo.com

February 2023’s Most Wanted Malware: Remcos Trojan Linked to Cyberespionage Operations Against Ukrainian Government

March 25, 2023 | Weiss Ratings (Ad)

Urgent Warning

March 6, 2023 | stocknews.com

4 Software Stocks You Shouldn't Hesitate to Buy in 2023

March 2, 2023 | finance.yahoo.com

Check Point Software Technologies (NASDAQ:CHKP) shareholders have earned a 7.2% CAGR over the last three years

February 28, 2023 | finance.yahoo.com

Check Point Software Technologies Reinforces Leadership Team for Greater Execution and Innovation

February 23, 2023 | stocknews.com

3 Software Security Stocks to Keep an Eye on in 2023

February 15, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Check Point (CHKP), GlobalFoundries Inc (GFS) and Credo Technology Group Holding Ltd (CRDO)

February 15, 2023 | finance.yahoo.com

Check Point Software Launches Infinity Spark to Protect Small and Medium Businesses with Consolidated, Enterprise Grade Security and Connectivity to Boost Employee Productivity

February 14, 2023 | finance.yahoo.com

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q4 2022 Earnings Call Transcript

February 14, 2023 | finance.yahoo.com

Check Point's (CHKP) Q4 Earnings & Revenues Beat Estimates

February 14, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Buy Rating on Check Point (CHKP)

February 14, 2023 | msn.com

Check Point Software Technologies rises as Goldman Sachs starts with buy rating

February 14, 2023 | finance.yahoo.com

Check Point Software Technologies Full Year 2022 Earnings: EPS Beats Expectations

February 13, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Check Point (CHKP) and C3ai (AI)

February 13, 2023 | finanznachrichten.de

Check Point Software Technologies INC: Check Point Software Reports Fourth Quarter and 2022 Full Year Results

February 13, 2023 | finanznachrichten.de

Check Point Software Technologies INC: Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Program

February 13, 2023 | investing.com

Check Point Software tops Q4 estimates, expands buybacks

February 13, 2023 | finance.yahoo.com

Check Point Software Reports Fourth Quarter and 2022 Full Year Results

February 13, 2023 | markets.businessinsider.com

Check Point Software Technologies Ltd Q4 Income Rises

February 9, 2023 | finance.yahoo.com

Why Earnings Season Could Be Great for Check Point (CHKP)

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CHKP Company Calendar

Last Earnings: 2/13/2023
Today: 3/25/2023
Next Earnings (Estimated): 4/26/2023
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: 5,805
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $138.41
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $115.00
Forecasted Upside/Downside: +7.8%
Consensus Rating: Hold
Rating Score (0-4): 2.23
Research Coverage: 22 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.33
Trailing P/E Ratio: 20.28
Forward P/E Ratio: 18.50
P/E Growth: 2.48
Net Income: $796.90 million
Net Margins: 34.20%
Pretax Margin: 39.84%
Return on Equity: 27.22%
Return on Assets: 14.52%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.27
Quick Ratio: 1.23

Sales & Book Value

Annual Sales: $2.33 billion
Price / Sales: 6.91
Cash Flow: $7.04 per share
Price / Cash Flow: 18.25
Book Value: $23.36 per share
Price / Book: 5.50

Miscellaneous

Outstanding Shares: 125,410,000
Free Float: 89,042,000
Market Cap: $16.10 billion
Optionable: Optionable
Beta: 0.69

Social Links

Key Executives

Gil Shwed
Chief Executive Officer & Director

Rupal Hollenbeck
President

Tal Payne
Chief Operating Officer

Roei Golan
Chief Financial Officer & Vice President-Finance

Dorit Dor
Chief Technology Officer

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?: 22 Wall Street 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, 11 hold ratings and 8 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 forecast for 2023?: 22 brokers have issued 12-month target prices for Check Point Software Technologies' shares. Their CHKP share price forecasts range from $115.00 to $160.00. On average, they expect the company's stock price to reach $138.41 in the next twelve months. This suggests a possible upside of 7.8% 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 at the beginning of 2023. Since then, CHKP shares have increased by 1.8% and is now trading at $128.40.
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 Wednesday, April 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 earnings results on Monday, February, 13th. The technology company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.09. The technology company earned $638.50 million during the quarter, compared to the consensus estimate of $636.24 million. Check Point Software Technologies had a trailing twelve-month return on equity of 27.22% and a net margin of 34.20%. The company's revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 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 iShares MSCI Israel ETF (EIS), BlueStar Israel Technology ETF (ITEQ), VanEck Israel ETF (ISRA), Global X Cybersecurity ETF (BUG), Gabelli Automation ETF (GAST), ETFMG Prime Cyber Security ETF (HACK), 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 first quarter 2023 earnings guidance on Tuesday, February, 14th. The company provided EPS guidance of $1.68-$1.78 for the period, compared to the consensus earnings per share estimate of $1.64. The company issued revenue guidance of $545.00 million-$585.00 million, compared to the consensus revenue estimate of $534.81 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 variety of retail and institutional investors. Top institutional investors include Ninety One UK Ltd (2.95%), Nordea Investment Management AB (2.24%), Boston Partners (2.20%), Legal & General Group Plc (1.78%), Robeco Institutional Asset Management B.V. (1.28%) and Altrinsic Global Advisors LLC (1.21%).
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 $128.40.
How much money does Check Point Software Technologies make?: Check Point Software Technologies (NASDAQ:CHKP) has a market capitalization of $16.10 billion and generates $2.33 billion in revenue each year. The technology company earns $796.90 million in net income (profit) each year or $6.33 on an earnings per share basis.
How many employees does Check Point Software Technologies have?: The company employs 5,805 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 3/25/2023 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 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^™