Check Point Software에 대한 매도 수량은 투자자에게 Check Point Software의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Check Point Software (NASDAQ:CHKP) 주식, 공매도 수량 보고

Check Point Software

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.

Equities

News

Previews

Tech

Trading Ideas

ABBV

AGYS

ASML

BJRI

CHKP

CHTR

CMCSA

DECK

GATX

GOOG

GOOGL

JNPR

NFLX

NXPI

ODFL

ORLY

SKYW

SPOT

TSLA

VRSN

S&amp;P 500 기업들 중 약 14%가 6월 분기 실적을 발표했으며, 더 넓은 지수를 구성하는 기업들의 혼합 실적 성장률은 여전히 ​​양호하다. 이번 주에는 기술 보고 시즌이 공식적으로 시작될 것이며, 이는 최근 주에 가파른 하락세를 보인 시장의 향방을 잠재적으로 결정할 수 있다.

테슬라, 알파벳, GM 및 포드가 이번 주 실적 발표 주도하며 상승세 유지 위해 고군분투

Analyst Color

Long Ideas

Markets

Analyst Ratings

AAPL

AMZN

CRWD

MSFT

NVDA

PANW

PLTR

인공지능이 제공한 추진력에 힘입어 기술 부문이 상반기 증시 상승의 원동력이었다. 조정에 대한 우려가 커지고 있음에도 불구하고 금요일 한 낙관적 분석가는 이 상승 방해받지 않고 진행될 것이라고 제안했다.

인공지능 기반 랠리 이후 2024년 하반기 기술주 강세 속 최고의 주식은?

Earnings

CYBR

TENB

테크 섹터가 곧 시작되는 실적 발표 시즌을 대비하면서 웨드부시 증권의 분석가인 다니엘 아이브스(Daniel Ives)는 낙관적인 전망을 제시했다. 기술주 급락- 매력적인 매수 기회 아이브스는 마이크로소프트(NASDAQ:MSFT), 알파벳(NASDAQ:GOOGL)(NASDAQ:GOOG), 아마존닷컴(NASDAQ:AMZN), 팔란티어 테크놀로지스(NYSE:PLTR) 및 메타 플랫폼(NASDAQ:META)을 포함한 핵심 종목들의 주가가 잠재적으로 15% 상승할 것으로 예상했다.

MS, 알파벳, 아마존, 팔란티어 및 메타가 2024년 15% 상승할 수 있는 이유:  분석가

Check Point Software Technologies Ltd. - Ordinary Shares

Check Point Software Technologies Ltd

CHECK POINT SOFTWARE TECHNOLOGIS ORD

Jefferies analyst Joseph Gallo maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Buy and raises the price target from $210 to $225.

Price Target

Jefferies Maintains Buy on Check Point Software, Raises Price Target to $225

Check Point&#xAE; Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), a leading cyber security platform provider, signs a definitive agreement to acquire Cyberint Technologies Ltd., a pioneering provider of External Risk Management solutions. This will significantly enhance Check Point's Security Operations Center (SOC) capabilities and expand its managed threat intelligence offerings. Cyberint's advanced capabilities will be integrated into the Check Point Infinity Platform for collaborative threat prevention and will also be available as a managed service through Check Point Infinity Platform Services.
Founded in 2010, with over 170 employees worldwide, Cyberint is one of the fastest growing External Risk Management companies in the market. Recognized as 'Company of the Year' in 2023 by Frost &amp; Sullivan in the External Risk Mitigation &amp; Management category. Organizations face critical security challenges every day, including stolen employee credentials, fake websites, and social media impersonation. To prevent these and other challenges from negatively impacting companies, Cyberint specializes in threat intelligence, digital risk protection, and attack surface management, serving a diverse global clientele, including Fortune 500 companies.

CKPT

Check Point Software To Acquire Cyberint To Transform Security Operations; No Financial Terms Of The Transaction Disclosed

Market strategist Jay Woods has identified two sectors and several investment opportunities that could thrive regardless of whether Donald Trump or Kamala Harris wins <a href="https://www.benzinga.com/topic/2024-election">the 2024 election.</a>
Defense Stocks: Woods, who is the <a href="https://www.benzinga.com/topic/jay-woods">Chief Global Strategist</a> for Freedom Capital Markets, sees the defense sector as one that could benefit no matter who wins the upcoming election.
Woods said that Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is one defense stock that has held back the sector and hurt ETFs like the iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).
The market strategist named stocks like Northrop Grumman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) as companies to watch in the defense sector.
"These stocks are our best in class and they're making new highs," Woods said.
On GE Aerospace, Woods said this is a good example of what splitting up companies can do, noting it could be a potential precursor to what could be in store for Alphabet Inc.
"GE had done nothing. It was dead money for years."
Woods said the sum of the parts was greater than the whole for GE.
The defense sector could continue to benefit from geopolitical concerns and a lot of bad things happening in the world, Woods said.
"I think you&#8217;ve got to watch this sector closely."
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/40025773/bad-news-ahead-for-investors-august-september-are-worst-two-months-over-past-20-years-">Bad News Ahead For Investors? August, September Are Worst Two Months Over Past 20 Years — But 2024 Could Be Different</a>
Cybersecurity Stocks: Woods said the cybersecurity sector could also benefit no matter who wins the 2024 election.
"We know how important that is," Woods said of cybersecurity.
Woods named CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) as the cybersecurity stock that has weighed down the sector and ETFs like the Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>).
The market strategist said it is going to take time for CrowdStrike to come back, and investors might not want to jump back in.
Other names in the cybersecurity sector Woods likes are Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), Check Point Software Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Cloudflare Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) and Cisco Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).
Palo Alto Networks was highlighted as a stock with a strong long-term trend. Woods noted that while the stock has been hit hard on earnings in the past, it&#8217;s poised for a comeback in the near future.
Woods mentioned that naming Cisco often catches people off guard, given the stock has done nothing over the last 20 years. However, in the short term, Woods said that the stock appears to have broken out of a downtrend.
An acquisition of Splunk is still being digested by Cisco, but could help in its cybersecurity efforts, Woods said.
"I think they're starting to reap the benefits of that. Cisco to me looks like something's changed. It's worth taking a flyer."
Woods said Cisco isn't a popular recommendation, but there could be something there.
"If you like boring, I give you Cisco."
The market strategist said picking individual stocks could outperform the overall cybersecurity sector, but the CrowdStrike drop also shows the impact one bad stock can have on a portfolio.
"I think the safest way to play cyber is the ETFs."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Investing In Defense Stocks: ETFs or Individual Names?" width="500" height="281" src="https://www.youtube.com/embed/NTM2J1dfM6M?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Watch the full PreMarketPrep episode <a href="https://www.youtube.com/watch?v=vGXosi2hWTQ">here</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w">EXCLUSIVE: Tesla &#8216;An Elon Musk And A Technology Story First, EV Story Last&#8217; — Market Strategist Explains Why To Buy The Stock</a></li>
</ul>
Photo created with images from Benzinga and artificial intelligence using Midjourney.

Sector ETFs

Exclusives

ETFs

CSCO

FTNT

HACK

iShares Dow Jones US Aerospace & Defense Index Fund

EXCLUSIVE: Trump Or Harris? 12 Stocks, 2 ETFs Could Win No Matter Who's President, Says Market Strategist

WIIM

AEYE

AILE

AKAM

ARLO

ASGN

AUUD

AXTI

BLZE

BNAI

DAVE

DGLY

FFIV

GREE

GWRE

IDAI

INTA

IPGP

JAMF

LOGI

MITK

MOVE

MTLS

NICE

Nuveen California Dividend Advantage Municipal Fund 2

OBLG

OOMA

RGTI

SDIG

SGMA

SIMO

SOUN

SPSC

SYNA

WETH

Shares of stocks in the broader tech sector are trading lower amid a sell off due to US economy concerns.

Fortinet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) is scheduled to report second-quarter 2024 results on Aug 6, after market close.
The cybersecurity firm projects revenues between $1.375 billion and $1.435 billion. The Zacks Consensus Estimate for the same is pegged at $1.40 billion, suggesting year-over-year growth of 8.44%.
The company forecasts second-quarter non-GAAP earnings in the range of 39-41 cents per share. The consensus mark for earnings is pegged at 41 cents per share, implying a rise of 7.9% from the year-ago figure of 38 cents.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/42/73099.jpg?v=598647208" style="height:310px; width:610px" />
Image Source: Zacks Investment Research
In the last reported quarter, the company delivered an earnings surprise of 13.16%. The company&#39;s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 13.58%.
<div class="chart_embed">
<h3>Fortinet, Inc. Price and EPS Surprise</h3>
<img alt="Fortinet, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e3/1722522490.png" style="height:310px; width:610px" title="" />
Fortinet, Inc. price-eps-surprise | Fortinet, Inc. Quote
</div>
<h3>Earnings Whispers</h3>
Our proven model predicts an earnings beat for Fortinet this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. FTNT has an Earnings ESP of +3.41% and a Zacks Rank #3 at present.
<h3>Factors Shaping Upcoming Results</h3>
Fortinet&#39;s second-quarter results are expected to be driven by the increasing adoption of its security and networking products in the evolving digital landscape. The company&#39;s performance is likely to have been impacted by the ongoing shift to hybrid work environments and the accelerated deployment of digital technologies across industries.
In the Product segment, Fortinet&#39;s FortiGate-based secure Software-Defined Wide Area Network (SD-WAN) offerings are anticipated to have been a key growth driver. However, our model projects a year-over-year decline of 18.2% in Product revenues to $386.8 million for the quarter. This could signal a shift in customer preferences or increased competition in certain product categories.
Conversely, the Services segment is expected to have recorded strong growth, fueled by increased demand for FortiGuard security subscriptions and FortiCare technical support services. Our model forecasts Services revenues to reach $1.01 billion, representing a significant 23.4% year-over-year increase.
The global cybersecurity market has been expanding rapidly, providing a favorable backdrop for Fortinet&#39;s growth. According to a Global Market Insights report, the SD-WAN solutions market, valued at $7.2 billion in 2023, is projected to witness a compound annual growth rate (CAGR) of over 27% from 2024 to 2032. This growth is attributed to the rising frequency and sophistication of cyber attacks, coupled with increasing IT expenditures. Worldwide IT spending is expected to reach $5.1 trillion in 2024, an 8% year-over-year increase, which could further boost Fortinet&#39;s performance.
Fortinet&#39;s FortiTrust, a unified solution with a single user-based licensing model for flexible consumption across networks, endpoints, and clouds, has been gaining traction. This is expected to have driven the company&#39;s private and public cloud billings.
For the second quarter, Fortinet has provided guidance for Billings in the range of $1.49-$1.55 billion. Our model estimates Billings to reach $1.54 billion, indicating modest 0.5% year-over-year growth.
<h3>Price Performance &amp; Valuation</h3>
Shares of Fortinet have lost 0.9% year to date and underperformed the Zacks Computer and Technology sector&#39;s return of 20.1%. This decline has left investors questioning whether to maintain their positions or consider selling their shares. Fortinet operates in a fiercely competitive cybersecurity market, contending with industry giants like Palo Alto Networks (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>), Check Point Software Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chkp#NASDAQ">CHKP</a>) and Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>).
<h3>Year-to-Date Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ff/73101.jpg?v=1634045290" style="height:310px; width:610px" /> 
Image Source: Zacks Investment Research
Valuation-wise, Fortinet&#39;s premium pricing is evident. Its trailing 12-month price-to-sales (P/S) ratio of 8.29X is way ahead of the Zacks Internet Software industry average of 3.02X. This elevated valuation suggests high growth expectations from investors but also implies increased risk.
<h3>FTNT&#39;s P/S TTM Ratio Depicts Stretched Valuation</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/65/73100.jpg?v=8258336" style="height:310px; width:610px" />
Image Source: Zacks Investment Research
<h3>Investment Considerations: Balancing Risk and Reward</h3>
Fortinet faces significant challenges stemming from macroeconomic uncertainties and intensifying competition in the cybersecurity sector. Despite these headwinds, Fortinet maintains a strong market position with its integrated security fabric approach, resonating well with enterprise customers. The company&#39;s focus on innovation and R&amp;D investment positions it favorably to capitalize on emerging trends like Secure Access Service Edge (SASE) and Zero Trust Network Access (ZTNA).
With the global cybersecurity market projected to reach $308.8 billion by 2024, growing at a 10% annual rate, Fortinet is well-positioned to benefit from this expansion. The company&#39;s Security Fabric, an integrated and automated platform, provides comprehensive protection across various digital environments. Fortinet&#39;s commitment to innovation, evident in its AI-powered solutions and GenAI assistant, further strengthens its competitive edge in the rapidly evolving cybersecurity landscape.
<h3>Final Thought</h3>
An analysis of Fortinet&#39;s market position reveals a complex picture. While recent challenges have impacted investor sentiment, the company&#39;s fundamental strengths and the growing cybersecurity market suggest potential for recovery. Fortinet&#39;s comprehensive product portfolio and established customer relationships position it well to capitalize on the increasing prioritization of digital security by organizations worldwide, suggesting that it may be premature to abandon the ship ahead of its second-quarter earnings report. However, new investors may consider waiting for a more favorable entry point for Fortinet, which currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2314535/fortinet-ftnt-stock-before-q2-earnings-to-buy-or-not-to-buy?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2314535">To read this article on Zacks.com click here.</a>

Guidance

Fortinet Stock Before Q2 Earnings: To Buy or Not to Buy?

Scotiabank analyst Patrick Colville maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Sector Outperform and raises the price target from $180 to $200.

Scotiabank Maintains Sector Outperform on Check Point Software, Raises Price Target to $200

Check Point Software Technologies (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chkp#NASDAQ">CHKP</a>) reported second-quarter 2024 results, wherein both the bottom and top lines surpassed the Zacks Consensus Estimate and improved year over year.
The IT security solutions provider reported non-GAAP earnings of $2.17 per share, beating the Zacks Consensus Estimate of $2.16. The bottom line increased 8% from the year-ago quarter&#39;s earnings of $2 per share.
Check Point&#39;s quarterly revenues increased 7% year over year to $627.4 million and surpassed the Zacks Consensus Estimate of $624 million. The upside was driven by double-digit growth in security subscription revenues.
<div class="chart_embed">
<h3>Check Point Software Technologies Ltd. Price, Consensus and EPS Surprise</h3>
<img alt="Check Point Software Technologies Ltd. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d5/1721910701.png" style="height:278px; width:620px" title="" />
Check Point Software Technologies Ltd. price-consensus-eps-surprise-chart | Check Point Software Technologies Ltd. Quote
</div>
<h3>Quarterly Details</h3>
Security subscription revenues were $272 million, which increased 14% year over year, driven by the adoption of cloud solutions and strong demand for the Harmony product family. Our model estimate for security subscription revenues was pegged at $273.4 million, up 14.3%.
Products and licenses revenues increased 1.03% year over year to $118.1 million. Our model estimate for products and licenses revenues was pegged at $112.96 million, which decreased 3.4% year over year. Products that are currently in the process of transitioning to cloud solutions have been included in the subscription line.
Total revenues from product and security subscriptions were $389.8 million, up 9.6% year over year.
Software updates and maintenance revenues increased to $237.6 million from $232.9 million reported in the year-ago quarter. Our model estimate for software updates and maintenance revenues was pegged at $236.88 million.
As of Jun 30, 2024, deferred revenues were $1.82 billion, up 2% year over year.
Non-GAAP operating income for the second quarter of 2024 totaled $265 million, up from $263 million reported in the year-ago quarter. Non-GAAP operating margin was 42%, which decreased from 44.5% reported in the year-ago quarter.
<h3>Balance Sheet &amp; Other Details</h3>
Check Point exited the second quarter with cash and cash equivalents, marketable securities and short-term deposits of $3.1 billion compared with the previous quarter&#39;s $3 billion.
The company generated cash worth $200 million from operational activities during the second quarter of 2024.
It repurchased approximately 2.1 million shares for about $325 million during the reported quarter.
<h3>Guidance</h3>
For the third quarter of 2024, CHKP expects revenues between $615 million and $650 million. Non-GAAP earnings are anticipated in the range of $2.19-$2.29 per share.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
Currently, Check Point carries a Zacks Rank #3 (Hold).
Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), Apple&nbsp;and Cognizant Technology Solutions (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>) are some better-ranked stocks that investors can consider in the broader sector. Arista Network sports a Zacks Rank #1 (Strong Buy), whereas Apple and Cognizant Technology Solutions carry Zacks Rank #2 (Buy) each at present.
Arista Networks&#39; shares have gained 38.4% year to date. ANET is set to report second-quarter 2024 results on Jul 30.
Shares of Apple have gained 13.5% year to date. AAPL is set to report third-quarter fiscal 2024 results on Aug 1.
Shares of Cognizant Technology Solutions have lost 3.8% year to date. CTSH is set to report second-quarter 2024 results on Jul 31.
<a href="https://www.zacks.com/stock/news/2309147/check-point-chkp-q2-earnings-revenues-beat-expectations?cid=CS-BENZ-FT-analyst_blog|earnings_article-2309147">To read this article on Zacks.com click here.</a>

ANET

CTSH

Check Point Q2 Earnings & Revenues Beat Expectations

Deutsche Bank analyst Brad Zelnick maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Hold and raises the price target from $175 to $185.

Deutsche Bank Maintains Hold on Check Point Software, Raises Price Target to $185

BMO Capital analyst Keith Bachman maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Market Perform and raises the price target from $180 to $200.

BMO Capital Maintains Market Perform on Check Point Software, Raises Price Target to $200

Jefferies analyst Joseph Gallo maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Buy and raises the price target from $185 to $210.

Jefferies Maintains Buy on Check Point Software, Raises Price Target to $210

RBC Capital analyst Matthew Hedberg maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Sector Perform and raises the price target from $165 to $187.

RBC Capital Maintains Sector Perform on Check Point Software, Raises Price Target to $187

Truist Securities analyst Joel Fishbein reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Buy and raises the price target from $175 to $200.

Reiteration

Truist Securities Reiterates Buy on Check Point Software, Raises Price Target to $200

JP Morgan analyst Brian Essex maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Neutral and raises the price target from $175 to $180.

JP Morgan Maintains Neutral on Check Point Software, Raises Price Target to $180

Wedbush analyst Daniel Ives maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Outperform and raises the price target from $185 to $200.

Wedbush Maintains Outperform on Check Point Software, Raises Price Target to $200

Susquehanna analyst Shyam Patil maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Positive and raises the price target from $200 to $215.

Susquehanna Maintains Positive on Check Point Software, Raises Price Target to $215

Barclays analyst Saket Kalia maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Equal-Weight and raises the price target from $175 to $192.

Barclays Maintains Equal-Weight on Check Point Software, Raises Price Target to $192

Baird analyst Shrenik Kothari maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Neutral and raises the price target from $168 to $200.

Baird Maintains Neutral on Check Point Software, Raises Price Target to $200

Needham analyst Matt Dezort reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Hold.

Needham Reiterates Hold on Check Point Software

Wall Street experienced a turbulent session on Wednesday, with the S&amp;P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in <a href="https://www.benzinga.com/markets">the last six sessions.</a>
The Magnificent Seven group — Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) fell 4.9%, marking the worst daily performance since the fund&#8217;s inception last year.
Tesla shares plummeted over 11% after missing earnings expectations, with revenue dropping 7% year-over-year to $19.9 billion. This marks its second consecutive quarter of year-over-year sales declines and the first sequential decline in quarterly sales volume.
Despite posting stronger-than-expected numbers, Alphabet also saw a significant drop, falling 5%, weighed down by its YouTube advertising revenue, which failed to meet analyst expectations.
The Nasdaq 100 fell 3%, eyeing a similar decline to the one witnessed a week ago. The drop in tech companies also impacted the chipmaker industry, which heavily depends on AI-related investments from mega-cap tech giants. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) fell 3.3%, approaching its lowest close since early June.
The CBOE Volatility Index or VIX, commonly referred to as the market fear index, rallied 16% to 17 points.
On the macro front, flash PMI surveys revealed the strongest pace of growth for the services sector in 28 months, while manufacturing activity <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39934981/us-services-activity-hits-28-month-peak-price-pressures-continue-to-ease-economist-">returned to contraction in July.</a>
Treasury yields fell, sending a trade-weighted U.S. dollar gauge down 0.3%. Notably, the dollar fell 1.4% against the Japanese yen, eyeing levels last seen in early May. 
Gold showed its resilience against market turbulence, rising 0.6%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.4%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.07</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,045.39</td>
<td>-0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,461.51</td>
<td>-1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,171.24</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:05 p.m. ET</figcaption></figure>
According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 1.8% down to $543.94.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged down 0.8% to $400.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) fell 3% to $466.46.</li>
<li>Sector-wise, the Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)&nbsp;outperformed, up by 1.3%, while the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, both down 3.2%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks moving on earnings were: 
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), down over 4%.</li>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) up 0.6%.</li>
<li>Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), down 0.4%. </li>
<li>Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 2.3%. </li>
<li>Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) up 3.2%.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) up 5.4%.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) down 2%. </li>
<li>Fiserv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) up 2.2%. </li>
<li>CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) up 0.8%, </li>
<li>General Dynamics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) down 4%. </li>
<li>Roper Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) down 9%. </li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) up 2.9%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) up 0.7%. </li>
<li>Vertiv Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) down 9%.</li>
<li>Check Point Software Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) up 7%. </li>
</ul>
Those reporting after the close include: 
<ul>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)</li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) ORLY) </li>
<li>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</li>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)</li>
<li>Republic Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>)</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>)</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</li>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>)</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>)</li>
<li>Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>)</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>)</li>
<li>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>).</li>
</ul>
Read now:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/07/39931211/mortgage-rates-hit-lowest-point-since-february-as-investors-anticipate-fed-rate-cuts">Mortgage Rates Hit Lowest Point Since February As Investors Anticipate Fed Rate Cuts</a></li>
</ul>
Photo via Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Large Cap

Macro Economic Events

Mid Cap

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Econ #s

Economics

Federal Reserve

Movers

$BTC

SPDR Dow Jones Industrial Average ETF Trust

KLAC

MAGS

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Select Sector SPDR-Consumer Discretionary

US Stocks Tumble, Magnificent 7 Wipe Out $570 Billion As Mega-Tech Earnings Disappoint, VIX Spikes: What's Driving Markets Wednesday?

Check Point Software shares are trading higher. The company appointed a new CEO.

The cybersecurity industry is experiencing rapid growth, fueled by organizations' increasing reliance on tech for their operations and rising concerns about cyberattacks. Thus, it could be wise to look into quality cybersecurity stocks, Tenable Holdings (TENB), Fortinet (FTNT), and Check Point Software (CHKP). Keep reading… In today's increasingly interconnected world, strengthening digital defenses is crucial, as evidenced by the rise in cyber threats. Given this backdrop, investors could keep a watchful eye on fundamentally strong software-security stocks, Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>).
In the current digital era, the need to enhance cybersecurity is more critical than ever. The global cybersecurity market is expected to reach <a href="https://www.marketsandmarkets.com/Market-Reports/cyber-security-industry-outlook-217338166.html">$208.80 billion this year</a>, prompting companies to make substantial investments to counter escalating threats. With cyberattacks becoming more frequent and expensive, businesses can no longer afford to cut corners on security.
Software companies continuously innovate and partner with others to keep pace with the ever-changing tactics of cybercriminals while also investing heavily in research and development. These efforts have significantly strengthened the cybersecurity industry. The global cybersecurity market is projected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market">CAGR of 12.3%</a> by 2030.
Given these encouraging trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, beginning with the third choice.
Stock #3: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB offers exposure management solutions for managing cybersecurity risk in IT environments. Its solutions include Tenable Vulnerability Management, Cloud Security, Identity Exposure, Web App Scanning, Lumin Exposure View, Attack Surface Management, Security Center, and more.
On September 18, 2024, TENB announced the availability of Tenable Enclave Security, a solution that supports the needs of customers operating in highly secure environments, such as those that are classified or otherwise air-gapped.
Backed by Tenable Security Center, Tenable Enclave Security protects IT assets and modern workloads with risk assessment and contextual insight so organizations can identify exposures before they cause damage. 
TENB's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 77.43% is 56.1% higher than the industry average of 49.60%. Its trailing-12-month levered FCF margin of 19.96% is 96.3% higher than the industry average of 10.17%.
For the fiscal 2024 second quarter that ended June 30, 2024, TENB's revenue increased by 13.4% year-over-year to $221.24 million. Its gross profit came in at $172.44 million, showing an increase of 13.8% year-over-year.
Moreover, the company's non-GAAP income from operations was reported to be $42.78 million, a 41.6% increase from the previous year's quarter. In addition, TENB's non-GAAP net income was $38.16 million or $0.31 per share, a 45.3% and 40.9% year-over-year increase.
Street expects TENB's revenue and EPS for the fiscal third quarter ending September 2024 to increase 10.8% and 28.4% year-over-year to $223.21 million and $0.30, respectively. Plus, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of TENB have gained 2.9% over the past three months to close the last trading session at $40.28.
TENB's positive fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TENB has an A grade for Growth and a B for Sentiment. It is ranked #8 out of 23 stocks in the <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
<a href="https://stocknews.com/stock/TENB/">Click here</a> to access additional TENB ratings (Momentum, Value, Quality, and Stability).
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT offers cybersecurity and networking solutions globally. The company's FortiGate hardware and software licenses provide various security and networking functions. It also offers the FortiSwitch product family, which provides secure switching solutions for connecting customers to their end devices.
On August 27, FTNT announced the addition of sovereign SASE and generative AI capabilities to its robust unified SASE solution. Fortinet Unified SASE provides complete integration between Fortinet's Secure SD-WAN solution and cloud-delivered security service edge (SSE) under a single console for seamless management, visibility, and security. This new update offers customers unparalleled deployment flexibility and simplicity.
On August 6, the company acquired Next DLP, a leader in insider risk and data protection. This acquisition will help FTNT to improve its position in the standalone enterprise data loss prevention (DLP) market and strengthen its leadership in integrated DLP markets within endpoint and SASE in alignment with its business strategy.
FTNT's trailing-12-month gross profit margin of 78.09% is 57.4% higher than the industry average of 49.60%. Likewise, its trailing-12-month EBITDA margin of 28.15% is 179% higher than the industry average of 10.09%.
For the second quarter of 2024, which ended on June 30, FTNT's total revenues increased 10.9% year-over-year to $1.43 billion. Its gross profit rose 16.3% from the year-ago value to $1.16 billion.
Its non-GAAP operating income stood at $503.60 million, up 44.7% year-over-year, while its non-GAAP net income amounted to $439.90 million, representing an increase of 46.4% from the last year. Also, the company's non-GAAP EPS for the quarter increased 50% year-over-year to $0.57.
FTNT forecasts fiscal year 2024 revenue to range from $5.80 billion to $5.90 billion, with billings between $6.40 billion and $6.60 billion. In addition, it anticipates its non-GAAP gross margin to fall between 79% and 80% and non-GAAP net income per share in the range of $2.00 and $2.04.
Street expects FTNT's revenue for the fiscal third quarter (ending September 2024) to increase 10.9% year-over-year to $1.48 billion. Moreover, its EPS estimate of $0.52 for the same period indicates a 26.5% year-over-year growth. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.
FTNT's stock has surged 11.6% over the past six months to close the last trading session at $75.66.
FTNT's solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
FTNT has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry.
In addition to the POWR Ratings we've stated above, we also have FTNT ratings for Momentum, Growth, Value, and Stability. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On July 11, CHKP announced that its board of directors had authorized a $2 billion expansion of the company's ongoing share repurchase program. This expanded buyback, expected to be completed by the fourth quarter of 2024, reflects confidence in the company's financial health and aims to boost shareholder value and investor sentiment.
For the fiscal second quarter that ended June 30, 2024, CHKP's total revenues stood at $627.40 million, up 6.6% year-over-year, while its non-GAAP operating income increased marginally from the year-ago value to $265.10 million. The company's non-GAAP net income and earnings per share increased 3.2% and 8.5% over the prior-year quarter to $246 million and $2.17, respectively.
The consensus revenue estimate of $635.06 million for the fiscal third quarter (ending September 2024) represents a 6.5% increase year-over-year. The consensus EPS estimate of $2.25 for the ongoing quarter indicates an 8.7% improvement year-over-year. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
CHKP shares have surged 39.2% over the past year and 25.1% year-to-date to close the last trading session at $191.09.
CHKP's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. 
The stock has an A grade for Quality. Within the same industry, CHKP is ranked #6.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional ratings of CHKP for Stability, Growth, Sentiment, Value, and Momentum.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
FTNT shares were trading at $76.60 per share on Friday afternoon, up $0.94 (+1.24%). Year-to-date, FTNT has gained 30.87%, versus a 20.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-tenb-3-cybersecurity-stocks-to-watch-as-data-breaches-rise/>3 Cybersecurity Stocks to Watch as Data Breaches Rise</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks to Watch as Data Breaches Rise

Check Point (CHKP) has released an update. Check Point Software Technologies Ltd. has called for its Annual General Meeting of Shareholders to be h...

Check Point Announces Upcoming Shareholder Meeting

As digitization becomes increasingly prevalent, ensuring robust cybersecurity is more critical than ever. The surge in data breaches highlights the need for reliable protection, making it a high point for investors to consider robust cybersecurity stocks: Fortinet (FTNT), Check Point Software (CHKP), and Clear Secure (YOU). Keep reading… The rapid rise of technological advancements and AI-driven innovations has brought great convenience but also leaves us more vulnerable to cyber threats and privacy breaches. These dangers aren't confined to just one nation but have a global impact, making cybersecurity solutions more critical than ever.
Given this landscape, it could be wise for investors to keep an eye on cybersecurity stocks such as Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), and Clear Secure, Inc. (<a href="https://stocknews.com/stock/YOU/">YOU</a>).
In the second quarter of 2024, there has been a <a href="https://www.darkreading.com/cyberattacks-data-breaches/check-point-research-reports-highest-increase-of-global-cyber-attacks-seen-in-last-two-years">30% rise in weekly attacks</a> on corporate networks compared to the same period in 2023 and a 25% increase from the first quarter of 2024. That's an average of 1,636 attacks per organization per week.
As remote work continues to rise, securing the data stored in cloud-based systems has become essential to fend off increasing cyberattacks and threats. The <a href="https://edition.cnn.com/2024/07/24/tech/crowdstrike-outage-cost-cause/index.html">recent software glitch</a> at CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), which resulted in a major tech outage and left millions of Windows users locked out of their devices, highlights the need for advanced cybersecurity.
That being said, while organizations are swiftly adopting new defenses, there is still ample opportunity for innovation in strengthening cybersecurity measures. Accordingly, the increasing threat of cybercrime has made governments and organizations invest billions in beefing up digital security.
Moreover, the Biden-Harris administration has <a href="https://federalnewsnetwork.com/budget/2024/03/biden-budget-request-includes-13b-for-cybersecurity-continuing-upward-trend/?readmore=1">proposed $13 billion in cybersecurity funding</a> across civilian departments and agencies. Additionally, the fiscal 2025 proposal allocates $3 billion to the Cybersecurity and Infrastructure Security Agency (CISA), marking a $103 million increase from its current budget.
According to Statista, the global cybersecurity market is expected to reach $185.70 billion, exhibiting a <a href="https://www.statista.com/outlook/tmo/cybersecurity/worldwide">CAGR of 7.9%</a>.
With that in mind, let's analyze the fundamentals of the above-mentioned three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, beginning with #3.
Stock #3: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions focusing on the convergence of networking and security, network firewall solutions, wireless LAN solutions, and secure connectivity solutions.
On August 27, FTNT announced the addition of sovereign SASE and generative AI capabilities to its robust unified SASE solution. Fortinet Unified SASE provides complete integration between Fortinet's Secure SD-WAN solution and cloud-delivered security service edge (SSE) under a single console for seamless management, visibility, and security. This new update offers customers unparalleled deployment flexibility and simplicity.
On August 6, the company acquired Next DLP, an insider risk and data protection leader. This acquisition will help FTNT to improve its position in the standalone enterprise data loss prevention (DLP) market and strengthen its leadership in integrated DLP markets within endpoint and SASE in alignment with its business strategy.
For the fiscal second quarter of 2024, which ended on June 30, FTNT's total revenues increased 10.9% year-over-year to $1.43 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 16.3% from the year-ago value to $1.16 billion.
Its non-GAAP operating income stood at $503.60 million, up 44.7% year-over-year, while its non-GAAP net income amounted to $439.90 million, representing an increase of 46.4% from the last year. Also, the company's non-GAAP EPS for the quarter increased 50% year-over-year to $0.57.
Street expects FTNT's revenue for the fiscal third quarter ending September 2024 to increase 10.9% year-over-year to $1.48 billion. Moreover, its EPS estimate of $0.52 for the same period indicates a 26.7% year-over-year growth. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is excellent.
FTNT shares have surged 29.1% over the past nine months and 34.4% over the past year to close the last trading session at $77.21.
FTNT's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
FTNT has an A grade for Quality and a B for Sentiment. It is ranked #7 out of 23 stocks in the <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
In addition to the POWR Ratings we've stated above, we also have FTNT ratings for Momentum, Growth, Value, and Stability. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #2: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On September 2, CHKP announced the release of its innovative Portal designed for managed security service providers (MSSPs) and distributors. The newly unveiled platform significantly simplifies service delivery and increases the ease of doing business with the company.
On August 27, CHKP announced signing a definite agreement to acquire Cyberint Technologies Ltd., a pioneering provider of External Risk Management solutions. With this acquisition, CHKP's Security Operations Center (SOC) capabilities are set to be enhanced along with an expansion of its managed threat intelligence offerings.
For the fiscal second quarter that ended June 30, 2024, CHKP's total revenues stood at $627.40 million, up 6.6% year-over-year, while its non-GAAP operating income increased marginally from the year-ago value to $265.10 million. The company's non-GAAP net income and earnings per share increased 3.2% and 8.5% over the prior-year quarter to $246 million and $2.17, respectively.
The consensus revenue estimate of $635.06 million for the fiscal third quarter (ending September 2024) represents a 6.5% increase year-over-year. The consensus EPS estimate of $2.25 for the ongoing quarter indicates an 8.7% improvement year-over-year. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
CHKP shares have surged 26.9% over the past nine months and 46.1% over the past year to close the last trading session at $195.
CHKP's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.
The stock has an A grade for Quality. Within the same industry, CHKP is ranked #6.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional ratings of CHKP for Stability, Growth, Sentiment, Value, and Momentum.
Stock #1: Clear Secure, Inc. (<a href="https://stocknews.com/stock/YOU/">YOU</a>)
YOU operates a secure identity platform under the CLEAR brand, featuring a multi-layered infrastructure for enrollment, verification, and identity linking. It offers the CLEAR Plus aviation subscription service and CLEAR mobile app for member enrollment and experience enhancement, ensuring robust front-end and back-end security.
On September 24, YOU opened four new locations to enroll and renew consumers in its Trusted Traveler program. There are now 51 TSA PreCheck enrollment locations open across the United States. The expansion is important in the company's mission to serve its customers with a fast and efficient airport experience.
On July 17, YOU launched its signature identity verification technology at Honolulu's Daniel K. Inouye International Airport (HNL) to streamline its security screening experience. The launch marks a significant step in YOU's expansion. With its opt-in CLEAR Plus membership, YOU now serves 58 airports nationwide and has over 22 million members.
YOU's revenue increased 24.6% year-over-year to $186.75 million in the fiscal 2024 second quarter that ended June 30, 2024. Its operating income was $30.34 million, significantly increasing from $217 thousand in the previous year's quarter. The company's adjusted EBITDA stood at $47.45 million, up 137.1% year-over-year.
In addition, YOU's adjusted net income was $49.27 million or $0.34 per share, increasing 116% and 126.7% year over year, respectively.
Analysts expect YOU's revenue for the fiscal third quarter (ending September 2024) to grow 21.3% year-over-year to $194.62 million. Its EPS is expected to rise 57% from last year's period to $0.33. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of YOU have surged 11.3% over the past month and 70.3% over the last three months to close the last trading session at $32.13.
YOU's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
YOU has a B grade for Growth, Value, and Quality. It is ranked #5 out of 23 stocks in the B-rated Software - Security industry.
In addition to the POWR Ratings highlighted above, one can access YOU's ratings (Momentum, Stability, and Sentiment) <a href="https://stocknews.com/stock/YOU/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTNT shares were trading at $77.57 per share on Friday afternoon, up $0.36 (+0.47%). Year-to-date, FTNT has gained 32.53%, versus a 21.49% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-you-3-cybersecurity-stocks-to-watch-as-data-breaches-surge/>3 Cybersecurity Stocks to Watch as Data Breaches Surge</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks to Watch as Data Breaches Surge

Check Point (CHKP) has released an update. Check Point Software Technologies Ltd. has successfully acquired Cyberint Technologies, enhancing its In...

Check Point Bolsters Security with Cyberint Acquisition

Cybersecurity software demand slower in Q3, likely to pick up in Q4: BTIG

Wells Fargo's 'Value Equity' stocks: VZ, AZO, KR, and more

AMAT

GILD

MCHP

MDLZ

PCAR

ULTA

Screenshot 2024-02-27 at 6.53.14 PM

Startups

Cyber Startup Secures 7 Million Networks, 500 Million Connected Devices – SAM Seamless Network Protects Customers Of Verizon, Virgin Media, Orange And Bezeq

Management

Press Releases

Check Point Software Announces New CEO & Reports Strong 2024 Second Quarter Results

Check Point Software to Acquire Cyberint to Transform Security Operations and Expand Managed Threat Intelligence Solutions

General

Check Point Software Unveils New MSSP Portal for Partners: Vastly Simplifying Service Delivery and Ease of Doing Business

Check Point Software Named a Leader in GigaOm Radar for Security Policy as Code

Check Point Software Debuts on World's Best Companies of 2024 List by TIME and Statista

Check Point Software is Recognized as a Leader in Email Security, Showcasing its Innovative AI-based Threat Intelligence Capabilities

Check Point Software Recognized as a Visionary in Endpoint Security in 2024 Gartner Magic Quadrant for Endpoint Protection Platforms

Check Point Software to Announce Third Quarter FY2024 Financial Results on October 29, 2024

Check Point Software Completes Cyberint Acquisition

Check Point Software Named a Leader in Enterprise Firewall Solutions Evaluation, According to Independent Research Firm

Comments

Check Point Software

매도 수량

Check Point Software (NASDAQ:CHKP) 주식, 공매도 수량 보고

뉴스

파트너 / 기고자

벤징가 글로벌