Check Point Software Technologies Ltd. (NASDAQ:CHKP ) Q4 2024 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Kip Meintzer - Head-Global Investor Relations Gil Shwed - Founder and Executive Chairman Nadav Zafrir - Chief Executive Officer Roei Golan - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Joseph Gallo - Jefferies Shaul Eyal - TD Cowen Jonathan Ho - William Blair Patrick Colville - Scotiabank Joel P.
The headline numbers for Check Point (CHKP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Check Point Software (CHKP) came out with quarterly earnings of $2.70 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $2.57 per share a year ago.
Check Point Software Technologies beat fourth-quarter profit expectations on Thursday with revenue exceeding $2.5 billion in 2024.
Check Point Software Technologies said on Monday that Nadav Zafrir has taken over as chief executive, replacing Gil Shwed who had been CEO for 30 years and built the Israeli network security firm into a multi-billion-dollar company.
Check Point (CHKP) reported earnings 30 days ago. What's next for the stock?
CHKP shares benefit from expanding AI integrated product offering. However, stretched valuation and intense competition keep investors on the sidelines.
The software portion of the larger tech industry has recently experienced a sharp upward swing. A benchmark ETF, the iShares Expanded Tech-Software Sector ETF BATS: IGV, has climbed by nearly 38% in the last year, with more than a quarter of that increase in the month from mid-October to mid-November.
Shares of Check Point Software Technologies (CHKP) are sliding despite the cybersecurity provider reporting third quarter revenue rising 7% year over year. Check Point CEO Gil Shwed joins Catalysts to discuss the earnings results and break down the market reaction.
Check Point (CHKP) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
B of A Securities analyst Tal Liani downgraded Check Point Software Technologies Ltd CHKP from Buy to Neutral and lowered the price target from $205 to $195.
CHKP's third-quarter 2024 results reflect benefits from the strong demand for the Infinity platform.