Check Point (CHKP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Check Point Software (CHKP) and Cirrus Logic (CRUS) have performed compared to their sector so far this year.
Cloud security growth lifts shares of cybersecurity firm Check Point Software Technologies Ltd. (CHKP).
Here, we take a sneak peek at four stocks, CHKP, PANW, ZS and S, which are at the forefront of key trends in the cloud security space.
Investors need to pay close attention to Check Point (CHKP) stock based on the movements in the options market lately.
Check Point Software Technologies (CHKP 1.65%) may not be a household name in the cybersecurity industry, but the company has registered impressive gains of 15% already in 2025, and the good part is that it seems to be in a solid position to sustain its impressive momentum in the future as well.
I downgraded Check Point Software to a 'Hold' due to decelerating subscription growth, margin pressures, and a high valuation at 21x forward PE. CHKP's 4Q24 showed strong billings growth at 11.2% y/y and a significant turnaround in product revenue, growing 8% y/y. Concerns include a slowdown in subscription growth from 11.5% to 9.9% y/y and a 300 bps decline in adj. EBIT margin.
Growth across Quantum Force, Harmony Email and Infinity Platform solutions drive CHKP's Q4 sales higher, while increased operating costs weigh on profitability.
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.