Check Point Software Technologies Ltd. - Ordinary Shares (CHKP)
217.92
-1.07 (-0.49%)
Check Point Software is a leading provider of cybersecurity solutions that help organizations protect their networks, cloud environments, and mobile devices from a wide range of cyber threats
The company specializes in advanced threat prevention technologies that secure data and applications through a unified approach combining data security, network security, and endpoint protection. With a focus on innovation and comprehensive security architecture, Check Point aims to deliver robust, scalable solutions to safeguard enterprises against the evolving landscape of cyber risks, ensuring compliance and operational resilience.
Among the operational metrics, calculated billings rose 11% year-over-year to $959 million, and remaining performance obligations climbed 12% to $2.5 billion.
Cybersecurity is crucial as cybercrimes are becoming increasingly sophisticated. To invest, consider BUG, HACK, and IHAK ETFs with top holdings like CRWD, FTNT, and AVGO.
At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets.
BofA Securities downgraded Check Point Software Technologies (CHKP) to Neutral and lowered price target from $205 to $195 due to modest growth trajectory and stretched valuation.
Could Check Point be undervalued today? Here's how the cybersecurity expert hit every third-quarter target and still suffered a share price correction.
Check Point reports Q3 revenue of $635.10M, missing analyst estimate; EPS of $2.25 in line with estimate. Products, subscriptions, and maintenance revenue all grew.
The SEC charged four major companies for misleading disclosures about cybersecurity risks and breaches, including SolarWinds attack. Companies will pay fines and improve cybersecurity practices.
Research forecasts corporate spending on cybersecurity growing at a CAGR of 13.8% between now and 2030 suggesting that many cybersecurity software companies should be excellent long-term buys. This article highlights 4 such pure-play companies.
Tech stocks began to plummeted last Tuesday, Sept. 3rd, after the ISM manufacturing index reported August figures that came in below consensus expectations raising fears about the economy's strength and the Federal Reserve cutting interest rates.
Cyber security spending was only $188B in 2023 and, it is forecast that such spending should grow at a CAGR of 13.8% between now and 2030. That suggests that many cybersecurity software companies should be excellent long-term buys
