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.

Large Cap

News

Movers

Trading Ideas

APTV

BORR

CHKP

MPWR

SMCI

이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 슈퍼 마이크로 컴퓨터(NASDAQ:SMCI)의 주식은 독립 감사인인 언스터 &amp; 영(Ernst &amp; Young)의 사임 소식이 전해진 후 44.89% 하락했다. 아거스 리서치(Argus Research)는 매수에서 보유로 등급을 하향 조정했다.

슈퍼 마이크로 및 에스티 로더는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (10월 28일-11월 1일)

Equities

Previews

Tech

ABBV

AGYS

ASML

BJRI

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?

Check Point Software Technologies Ltd. - Ordinary Shares

Check Point Software Technologies Ltd

WIIM

Check Point Software shares are trading higher after Jefferies raised its price target on the stock from $220 to $225.

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 $220 to $225.

Price Target

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

Stifel analyst Adam Borg 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 $182 to $190.

Stifel Maintains Hold on Check Point Software, Raises Price Target to $190

Management

Check Point Software Reports Transition Of Gil Shwed Into The Role Of Executive Chairman, And Appointment Of Nadav Zafrir As New CEO, Starting December 16

<a href="https://www.globenewswire.com/Tracker?data=wWeJfXFw_fF6QH06wh18_r6n17m1DtIZjprernGz_QBiWmydCzE45kg4-cfv7pFCLRaCUlM9BOtGOS22QP6KDcvCbWXX42-CMI9D3KUIigduNgHZ2ms4q82HaTh7jCnFF5hj6T53U2md16TGklAqhw12RMuwrwkLer6SxMEXw2yLOzIKElVS8Yvuw9MyWZgr1BIdBcd5tbbqeVS-UmEov2vl2zNq0mGj5isPbdxNypgoDNMqTWj5z60UkVcmz7ZQJMYZmCriJszk9O_oRbqRPm6Ymk63RPz8OArO3AIjMclRqk_iSHfixrClL9eqIMnuexCE0S1Ia_OGh1rcWQhLGI6rFOZpN2HxYyJ_xybjxE9OlAc1bZNv4hb0A246LC0Fa_N5-ur659tAdFiGWCTqZw==">Check Point Software Technologies Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), a pioneer and global leader of cyber security solutions, today announced that Infinity XDR/XPR achieved a 100% detection rate in the rigorous <a href="https://www.globenewswire.com/Tracker?data=Z9blo_si33JgkIiY1OrMewOixArM2b182VoWQdVX0mLugQsO5l1Ev5catZ7lusQpcapsIhmHdMXqn6szO9paWJTVuCKh0yzlaGz5BW0Xxncr7d0gOLdzgpGCofaK68ObZQyo48krCk4JXmZboioLZ6TYhPJmpk6btJvXAdxoBjY=">2024 MITRE ATT&amp;CK&#xAE; Evaluations</a>. During the evaluation, Infinity XDR/XPR detected all 57 applicable attack steps, with 56 detections at the technique level. This demonstrates Infinity XDR/XPR capabilities at not only detecting and preventing threats, but also in providing security teams with the data they need to understand threats in detail so they can respond effectively.

Check Point Software Technologies Announces That Infinity XDR/XPR Achieved A 100% Detection Rate In The Rigorous 2024 MITRE ATT&CK Evaluations

ADBE

ASAN

BILL

DDOG

DOCN

ESTC

GTLB

HUBS

INTU

IONQ

OKTA

ORCL

QUBT

RGTI

TEAM

TWLO

WDAY

Shares of software, cybersecurity, and cloud companies are trading higher in possible sympathy with Snowflake, which saw gains after the company reported better-than-expected Q3 financial results and raised its FY25 product revenue guidance.

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares declined 44.89% following the <a href="https://www.benzinga.com//node/41646425" target="_blank" rel="noreferrer noopener">resignation of its independent auditor</a>, Ernst &amp; Young. Argus Research downgraded <a href="https://www.benzinga.com//node/41661361" target="_blank" rel="noreferrer noopener">the stock from Buy to Hold</a>.</li>
<li>Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) stock dipped 23.69% after it reported first-quarter earnings, and several analysts lowered <a href="https://www.benzinga.com//node/41653721" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) shares fell 18.67% following a <a href="https://www.benzinga.com//node/41657841" target="_blank" rel="noreferrer noopener">third-quarter revenue miss</a>.</li>
<li>SharkNinja (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) shares tumbled 18.48% after it reported <a href="https://www.benzinga.com//node/41648658" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>.</li>
<li>Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) dipped 17.70% last week after reporting worse-than-expected sales results, and analysts <a href="https://www.benzinga.com//node/41637268" target="_blank" rel="noreferrer noopener">revised the price forecast and rating</a>.</li>
<li>Koninklijke Philips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) lost 16.36% after the company <a href="https://www.benzinga.com//node/41570381" target="_blank" rel="noreferrer noopener">reported a Q3 earnings miss</a> and revised annual outlook due to weak demand in China.</li>
<li>Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) shares fell 15.75% after the company <a href="https://www.benzinga.com//node/41635566" target="_blank" rel="noreferrer noopener">reported Q3 financial results</a>.</li>
<li>CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) stock fell 13.19% last week. It reported weaker-than-expected <a href="https://www.benzinga.com//node/41630458" target="_blank" rel="noreferrer noopener">third-quarter earnings</a> amid weak hardware demand and customer delays.</li>
<li>Borr Drilling Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) lost 13.19% on continued weakness following preliminary Q3 financial results. As of 31 December 2024, the company&#8217;s stock will also be voluntarily delisted from the Oslo Stock Exchange.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock decreased 12.96% after the company reported quarterly <a href="https://www.benzinga.com//node/41683552" target="_blank" rel="noreferrer noopener">results and October deliveries</a>.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41702042/reddit-roblox-and-garmin-are-among-top-10-large-cap-gainers-last-week-oct-28-nov-1-are-the-others-" target="_blank" rel="noreferrer noopener">Reddit, Roblox And Garmin Are Among Top 10 Large Cap Gainers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Super Micro Computer, Li Auto And Estee Lauder Are Among Top 10 Large Cap Losers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?

B of A Securities analyst Tal Liani downgraded Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) <a target="_blank" href="https://www.benzinga.com/quote/CHKP/analyst-ratings" rel="noreferrer noopener">from Buy to Neutral</a> and lowered the price target from&nbsp;$205&nbsp;to&nbsp;$195.
On Tuesday, Check Point reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41598267/check-point-q3-earnings-security-subscriptions-revenue-soars-11-5-but-margins-slip-as-expenses-rise" rel="noreferrer noopener">fiscal third-quarter</a> revenue growth of 7% to $635.10 million, almost inline with the&nbsp;analyst consensus estimate of $635.14 million.&nbsp;Adjusted operating margin declined to 43% from 45% the prior year.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41625704/adp-raises-the-bar-after-q1-earnings" rel="noreferrer noopener">ADP Raises The Bar After Q1 Earnings Surprise</a>
Given the company&#8217;s modest growth trajectory, the valuation seems stretched, as per Liani.
The analyst expected a recovery in billings next quarter despite the quarter&#8217;s weak billings growth of 5.8% year-over-year, which fell short of the Street&#8217;s 8.2% expectation.
However, his main concern is the overall low growth trajectory despite new products, portfolio additions, and ongoing go-to-market challenges.
The market seeks visibility toward double-digit growth, but Liani&#8217;s analysis indicates this is likely for 2025 with a substantial surge in appliance revenue.
The analyst noted limited further upside, with the stock up 37% over the last 12 months and trading at 15 times forward EV/FCF with mid-single-digit growth.
He adjusted our estimates and lowered his price target, now based on 16 times the 2026E EV/FCF multiple, down from 18 times for 2025.
Infinity now contributes 15% of total revenue, supporting some long-term growth resilience, Liani said.
Management noted weakness in Europe but expected billings recovery in the fourth quarter, projecting 7.1% growth. Despite substantial investment in product updates, such as the Harmony, Infinity, and Quantum lines, and go-to-market efforts, overall growth remains limited to mid-single digits, the analyst flagged.
This modest trajectory constrains stock upside until the outlook improves, as per Liani.
Checkpoint&#8217;s revenue splits into product, subscription, and maintenance. In 2025, the analyst expects maintenance revenue to accelerate from ~2% to 3.5% year-over-year, thanks to Infinity-related professional services.
Subscription revenue slowed to 11.5% year-over-year in the third quarter, under the Street&#8217;s 13.0%, while product revenue rebounded 4.1% after last year&#8217;s declines.
To achieve 10% total revenue growth in 2025, product revenue would need to jump from 4% to 20%, which appears infeasible in the current competitive landscape, as per Liani. He instead modeled 1.6% product growth and 5.6% total revenue growth for 2025.
Price Action: CHKP stock closed down by 2.24% to $173.89 on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41625504/garmin-q3-earnings-strong-reven" target="_blank" rel="noreferrer noopener">Garmin Q3 Earnings: Strong Revenue Growth Wearable Demand, Margin Expansion, Holiday Season Prompts Outlook Boost</a></li>
</ul>

Downgrades

Check Point's Slowing Growth Despite New Products Prompts Analyst Downgrade

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

Reiteration

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

Evercore ISI Group analyst Peter Levine maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a In-Line and raises the price target from $180 to $185.

Evercore ISI Group Maintains In-Line on Check Point Software, Raises Price Target to $185

BMO Capital analyst Keith Bachman reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Market Perform and lowers the price target from $238 to $215.

BMO Capital Reiterates Market Perform on Check Point Software, Lowers Price Target to $215

B of A Securities analyst Tal Liani downgrades Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) from Buy to Neutral and lowers the price target from $205 to $195.

B of A Securities Downgrades Check Point Software to Neutral, Lowers Price Target to $195

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

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 lowers the price target from $210 to $205.

Baird Maintains Neutral on Check Point Software, Lowers Price Target to $205

High-rolling investors have positioned themselves bearish on Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CHKP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Check Point Software. This is not a typical pattern.
The sentiment among these major traders is split, with 0% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $43,736, and 7 calls, totaling $671,700.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $250.0 for Check Point Software, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Check Point Software's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Check Point Software's significant trades, within a strike price range of $135.0 to $250.0, over the past month.
<h3>Check Point Software 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730221228_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$30.4</td>
<td>$29.2</td>
<td>$29.2</td>
<td>$150.00</td>
<td>$195.6K</td>
<td>312</td>
<td>67</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$30.1</td>
<td>$28.4</td>
<td>$29.0</td>
<td>$150.00</td>
<td>$145.0K</td>
<td>312</td>
<td>117</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$10.7</td>
<td>$9.5</td>
<td>$10.2</td>
<td>$170.00</td>
<td>$101.9K</td>
<td>226</td>
<td>103</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$46.9</td>
<td>$42.9</td>
<td>$45.0</td>
<td>$135.00</td>
<td>$72.0K</td>
<td>27</td>
<td>16</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$0.75</td>
<td>$0.55</td>
<td>$0.55</td>
<td>$250.00</td>
<td>$66.0K</td>
<td>3.0K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Check Point Software</h3>
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.
Having examined the options trading patterns of Check Point Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Check Point Software Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,838,673, the CHKP's price is down by -12.53%, now at $181.9. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>Expert Opinions on Check Point Software</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $221.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Check Point Software, targeting a price of $210. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for Check Point Software, targeting a price of $210. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Check Point Software with a target price of $238. 
&#x2A; An analyst from Truist Securities has decided to maintain their Buy rating on Check Point Software, which currently sits at a price target of $220. 
&#x2A; An analyst from Wedbush persists with their Outperform rating on Check Point Software, maintaining a target price of $230. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Check Point Software options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Looking At Check Point Software's Recent Unusual Options Activity

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

AMKR

CROX

HLIT

TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>)&nbsp;reported fiscal third-quarter revenue growth of 7% year-on-year to $635.10 million, marginally missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41593783/check-point-software-reports-2024-third-quarter-financial-results" rel="noreferrer noopener">analyst consensus estimate of $635.14 million</a>.&nbsp;
The American-Israeli enterprise security solution&nbsp;provider&#8217;s&nbsp;adjusted EPS of $2.25 was in line with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>.
Revenue from&nbsp;Products&nbsp;and licenses grew by 4.1% to $118.9 million,&nbsp;Security&nbsp;subscriptions increased 11.5% year over year to $276.9 million, and&nbsp;Software&nbsp;updates and maintenance rose 2.4% year over year to $239.3 million.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41582312/apples-introduces-imac-m4-chip-brings-faster-speeds-and-smarter-ai-features" rel="noreferrer noopener">Apple Unveils New iMac: M4 Chip Brings Faster Speeds and Smarter AI Features</a>
Margin: Adjusted operating margin declined to 43% from 45% the prior year.&nbsp;The operating margin declined to 34% from 38% a year ago as operating expenses surged by 12.5% Y/Y.
The company generated $248.9 million in operating cash flow, compared to $222.3 million a year ago, and held $2.87 billion in cash and equivalents as of September-end.
&#8220;Check Point delivered great third quarter financial results that were bolstered by double-digit Infinity Platform growth. This success is underscored by double-digit revenue growth in Harmony Email and Infinity Global Services,&#8221; said Gil Shwed, Check Point founder and CEO. &#8220;We expanded our offerings into the Security Operation Center (SOC) market with the Cyberint acquisition that delivers proactive, AI powered threat intelligence and exposure management.&#8221;
Check Point Software Technologies stock gained 37% year-to-date.
Price Action: CHKP shares traded lower by 7.69% at $191.96 premarket at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41580089/alibaba-becomes-key-holding-in-chinese-fund-managers-portfolio-economic-measures-spark-interest-in-l" target="_blank" rel="noreferrer noopener">Alibaba Becomes Key Holding in Chinese Fund Manager&#8217;s Portfolio, Economic Measures Spark Interest in Leading Tech</a></li>
</ul>

Earnings

Check Point Q3 Earnings: Security Subscriptions Revenue Soars 11.5%, But Margins Slip As Expenses Rise

Check Point Software Technologies shares are trading lower after the company reported worse-than-expected Q3 sales results.

Earnings Misses

Check Point Software Q3 2024 Adj. EPS $2.25, Inline, Sales $635.100M Miss $635.141M Estimate

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 $180 to $210.

JP Morgan Maintains Neutral on Check Point Software, Raises Price Target to $210

Check Point (CHKP) announces the transition of Gil Shwed into the role of Executive Chairman of the Board of Directors, and the appointment of Nada...

Check Point appoints Gil Shwed as executive chairman, Nadav Zafrir as CEO

Check Point Software appoints Nadav Zafrir as CEO; Gil Shwed as Executive Chairman

The latest announcement is out from Check Point ( ($CHKP) ). Check Point Software Technologies has announced significant leadership changes with Gi...

Leadership Transition at Check Point: Nadav Zafrir Appointed CEO

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Agilysys (AGYS – Research Report) and Check Point (C...

Analysts Are Bullish on These Technology Stocks: Agilysys (AGYS), Check Point (CHKP)

Cybersecurity safeguards the digital world by countering sophisticated threats, adopting zero-trust principles, and driving innovations in tools, frameworks, and compliance to protect critical infrastructure, making it a promising market for investors. As a result, cybersecurity stocks like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP) are hard to ignore. Read on... The cybersecurity market is experiencing rapid growth as the demand to counter increasingly sophisticated threats intensifies. Cybercriminals are exploiting AI for advanced phishing, vishing, and deepfake fraud, heightening the need for robust digital protection.
In response, innovative tools and technologies are emerging to safeguard the expanding digital landscape, creating promising investment opportunities in the sector. As a result, leading cybersecurity stocks like Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</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>) offer compelling opportunities for investors.
The increasing frequency of attacks on critical infrastructure has spurred regulatory reforms, such as CIRCIA, urging organizations to implement stronger compliance measures and cybersecurity frameworks. These changes are driving investments in cybersecurity products. Global spending on information security is projected to reach $212 billion by 2025, reflecting a <a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025">15.1% increase</a> from 2024.
Furthermore, zero-trust principles are gaining significant traction to combat insider threats and support remote workforces. To avoid vendor lock-in, mitigate risks, and foster innovation, companies are increasingly adopting diverse cybersecurity tools. As a result, the global cybersecurity market is expected to grow from $193.73 billion in 2024 to $562.72 billion by 2032, with a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Let's now dive into the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA operates as an identity partner internationally. The company offers a suite of products and services designed to manage and secure identities, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.
On October 16, 2024, OKTA announced new Workforce Identity Cloud capabilities to tackle security challenges like unmanaged SaaS accounts, governance risks, and social engineering attacks.
These innovations include Secure SaaS Service Accounts, Governance Analyzer with Okta AI, and stronger identity verification features, enhancing security while improving user experiences.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, OKTA's 28.20% is 149.4% higher than the 11.31% industry average. Likewise, its 76.12% trailing-12-month gross profit margin is 50.7% higher than the 50.52% industry average.
OKTA's total revenue for the fiscal third quarter ended October 31, 2024, increased 13.9% year-over-year to $665 million. Its non-GAAP operating income was $138 million, up 62.4% year-over-year. Additionally, its non-GAAP net income and net income per share were $121 million and $0.67, respectively, reflecting increases of 53.2% and 52.3% compared to the prior-year quarter.
Street expects OKTA's EPS and revenue for the quarter ending January 31, 2025, to increase 16.9% and 10.6% year-over-year to $0.74 and $669.25 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past three months, the stock has gained 17% to close the last trading session at $84.79.
OKTA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Sentiment. Within the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #8 out of 20 stocks. To access additional grades for OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and converged networking and security solutions worldwide. It offers secure networking solutions focused on the integration of networking and security; network firewall solutions, including FortiGate data center, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions.
On December 3, 2024, FTNT announced FortiAppSec Cloud, a unified platform for web application security and performance management. It integrates tools for API security, advanced bot defense, and global server load balancing, simplifying the protection and management of hybrid and multi-cloud environments.
On December 2, 2024, FTNT was announced as the "Preferred Partner" of the Vancouver Canucks for the 2024–2025 season, with Canucks Sports &amp; Entertainment deploying FTNT's Security Fabric and Secure SD-WAN solutions to enhance cybersecurity and streamline network management across its facilities.
In terms of the trailing-12-month Return on Common Equity margin, FTNT's 311.53% is significantly higher than the 4.56% industry average. Similarly, its 28.86% trailing-12-month levered FCF margin is 155.3% higher than the 11.31% industry average. Additionally, its 26.79% trailing-12-month net income margin is 622.1% higher than the 3.71% industry average.
For the third quarter ended September 30, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million. During the same period, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7%, respectively, to $487.60 million and $0.63.
Analysts expect FTNT's EPS and revenue for the quarter ending December 31, 2024, to increase 19.1% and 12.7% year-over-year to $0.61 and $1.59 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 91.4% to close the last trading session at $99.21.
FTNT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Sentiment and Quality. It is ranked #7 in the same industry. Beyond what we stated above, we also have given FTNT grades for Growth, Value, Momentum, and Security. Get all the 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>)
CHKP develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, as well as solutions for cloud, network, mobile devices, endpoints, information, and IoT.
On November 20, 2024, CHKP launched Quantum Firewall Software R82, featuring AI-powered engines to block 99.8% of zero-day threats. The update enhances threat prevention, DevOps agility, and operational simplicity, with innovations like post-quantum cryptography and seamless scalability for enterprise networks.
On October 1, 2024, CHKP announced the completion of its acquisition of Cyberint Technologies. This integration enhances the Infinity Platform with advanced external risk management, offering real-time threat intelligence, AI-powered risk detection, and proactive protection for businesses against cyber threats.
In terms of the trailing-12-month net income margin, CHKP's 33.17% is 794.1% higher than the 3.71% industry average. Its 15.19% trailing-12-month Return on Total Assets is 636.5% higher than the 2.06% industry average. Also, its 34.60% trailing-12-month EBIT margin is 537.4% higher than the industry average of 5.43%.
During the third quarter ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million. Similarly, CHKP's non-GAAP net income and EPS were $255.40 million and $2.25, reflecting increases of 5.4% and 8.7%, respectively, from the prior year's quarter.
For the quarter ending December 31, 2024, CHKP's EPS is expected to increase 3.3% year-over-year to $2.65. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $698.43 million. CHKP surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 29.3% to close the last trading session at $186.82.
CHKP's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #4 in the Software – Security industry. It has an A grade for Quality. To see CHKP's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/CHKP/">click 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 $97.13 per share on Monday afternoon, down $2.08 (-2.10%). Year-to-date, FTNT has gained 65.95%, versus a 28.68% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-okta-3-cybersecurity-stocks-safeguarding-the-digital-world/>3 Cybersecurity Stocks Safeguarding the Digital World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks Safeguarding the Digital World

The cybersecurity sector is booming, owing to the growing cyberattacks and crimes, favorable government initiatives, and integration with the latest technologies. Thus, investing in quality software security stocks Fortinet (FTNT), Tenable Holdings (TENB), and Check Point Software Technologies (CHKP) could be wise. Read more... Cybersecurity innovations are helping companies and governments across the world protect their data and assets from cyberattacks. This has resulted in increased investments by industry-leading companies to create the best solutions and has boosted the cybersecurity market.
Given this backdrop, investors could invest in fundamentally sound software security stocks Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>), Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>) for substantial gains.
With the rapid adoption of the latest technologies and digitalization, which are aiding operations, enhancing efficiency, and offering higher productivity, concerns related to cyber security are also gaining attention. Incidents of cyber threats are growing swiftly, urging companies to invest and develop systems to safeguard and protect their customers.
With new vulnerabilities emerging even before the old ones are subdued, cyberattacks are harming organizations of all scales. <a href="https://www.nu.edu/blog/cybersecurity-statistics/">Cloud environment intrusions</a> have increased by 75% in the past year, whereas cloud-conscious cases have increased by 110%. Also, <a href="https://www.embroker.com/blog/cyber-attack-statistics/">ransomware attacks</a> are on the rise in the United States, with 59% of all ransomware attacks taking place there.
The need for improved cybersecurity solutions and measures is growing every day, resulting in more and more companies investing and undertaking R&amp;D to innovate. Amid this, the global cybersecurity market is experiencing robust growth.
According to Fortune Business Insights, the global cybersecurity market is projected to <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">grow to $562.72 billion by 2032</a>, exhibiting growth at a CAGR of 14.3%. Also, the U.S. cyber security market is expected to reach around $166.73 billion in 2032. The global market is driven by the rising number of e-commerce platforms and the growing integration of technologies like AI, ML, IoT, and cloud.
Considering the industry's conducive trends, let's examine the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stock picks, beginning with the third choice.
Stock #3: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and convergence of networking and security solutions internationally. The company offers secure networking solutions, network firewall solutions, wireless LAN solutions, and secure connectivity solutions. It also provides the Fortinet Unified SASE solutions.
On December 3, FTNT launched FortiAppSec Cloud, a new cloud-delivered platform for integrating key web application security and performance management tools into a single offering.
Along with consolidating key web application capabilities into a single offering, FortiAppSec Cloud also provides cutting-edge protection, seamless delivery, and centralized management across multi-cloud environments. This offers customers confidence in securing and managing their hybrid and multi-cloud environments.
On November 15, FTNT expanded its global presence with the opening of its new innovation hub in Atlanta, Georgia. The newly acquired 10-story building will be transformed into the newest Innovation Hub of the company and will drive innovation and strengthen collaboration for its customers, partners, employees, and other key stakeholders around the world.
For the third quarter that ended September 30, 2024, FTNT's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income grew 46.7% from the year-ago value to $544.70 million. The company's non-GAAP net income was $487.60 million or $0.63 per share, up 50.7% and 53.7% from the prior year's period, respectively.
Furthermore, the company's free cash flow rose 18.8% from the previous year's period to $571.80 million.
Projecting on its strong quarter performance, the company provided guidance for the fourth quarter of 2024, expecting revenue in the range of $1.56 billion to $1.62 billion. Also, its non-GAAP net income per share is expected to be $0.58 - $0.62.
Also, for the fiscal year 2024, Fortinet currently expects revenue in the range of $5.86 billion to $5.92 billion and service revenue of $4.01 billion to $4.04 billion. And its non-GAAP net income per share is set to be $2.20 to $2.28.
Street expects FTNT's revenue and EPS for the fourth quarter (ending December 2024) to increase 12.7% and 19.1% year-over-year to $1.59 billion and $0.61, respectively. Further, the company has surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.
Shares of FTNT have gained 66% over the past six months and 91.4% over the past year to close the last trading session at $99.21.
FTNT's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates 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 Sentiment and Quality. It is ranked #7 out of 20 stocks in the B-rated <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, Value, Stability, and Growth. Get all FTNT ratings <a href="https://stocknews.com/stock/FTNT/">here</a>.
Stock #2: Tenable Holdings, Inc. (<a href="https://stocknews.com/stock/TENB/">TENB</a>)
TENB is an international cyber exposure solutions provider. The company's platforms include Tenable Vulnerability Management, Tenable Cloud Security, Tenable Identity Exposure, Tenable Web App Scanning, Tenable Lumin Exposure View, Tenable Attack Surface Management, Tenable Security Center, and Tenable OT Security.
On December 4, TENB released Tenable Patch Management, an autonomous patch solution built to quickly and effectively close vulnerability exposures in a unified solution. Created with a strategic partnership and integration with Adaptiva, the solution addresses the critical challenges of vulnerability remediation.
It shortens the time from discovery to remediation by examining the most impactful vulnerabilities across different environments. It also offers features like autonomous patching, which streamlines discovery to remediation, and customizable controls that prevent problematic updates.
On October 15, TENB launched new data security posture management (DSPM) and artificial intelligence security posture management (AI-SPM) capabilities for Tenable Cloud Security, the actionable cloud security solution. With the exposure management capabilities for cloud data and AI resources, Tenable Cloud Security reduces risk to two of the biggest emerging threats.
During the third quarter that ended September 30, 2024, TENB's revenue increased 12.7% year-over-year to $227.09 million. Its non-GAAP gross profit was $184.82 million, up 14.2% year-over-year. Also, the company's non-GAAP income from operations rose 23% from the prior-year quarter to $44.98 million.
Furthermore, the company's non-GAAP net income and non-GAAP EPS of $39.32 million and $0.32 reflects growth of 42.1% and 39.1% from the prior year's quarter, respectively.
As per its guidance for the fourth quarter of fiscal 2024, TENB forecasts non-GAAP income from operations of $47 million to $49 million. It expects its non-GAAP net income to be $42 million - $44 million and its non-GAAP EPS between $0.33 and $0.35.
Also, for the full year 2024, the company expects non-GAAP income from operations of $171.80 million to $173.80 million. Non-GAAP net income ranges from $149.90 million to $151.90 million. Its non-GAAP EPS is set to be at $1.21 - $1.23.
For the fourth quarter ending December 2024, analysts expect TENB's revenue to increase 8.7% year-over-year to $231.81 million. For the ongoing quarter, the company's EPS is expected to grow 37.8% year-over-year to $0.34. Moreover, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
The stock has gained 2.8% over the past month and 4% over the past six months to close the last trading session at $42.42.
TENB's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has an A grade for Growth. Within the same industry, TENB is ranked #5 of 20 stocks.
To access additional ratings of TENB for Sentiment, Momentum, Stability, Value, and Quality, <a href="https://stocknews.com/stock/TENB/">click 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. It offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On November 20, CHKP launched the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform. The new R82 delivers new AI engines, post-quantum encryption, and accelerated DevOps with greater simplicity for data center operations. The new solution will prevent against zero-day threats and empower customers.
On October 1, CHKP completed the acquisition of Cyberint Technologies Ltd., a provider of external risk management solutions. With the integration of Cyberint's real-time exposure analysis into the Infinity Platform, CHKP could enhance its threat prevention capabilities, broaden market reach, and position itself for stable growth.
CHKP's total revenues increased 6.5% year-over-year to $635.10 million during the third quarter that ended September 30, 2024. Its security subscription revenues grew 11.5% year-over-year to $276.90 million. The company's non-GAAP operating income rose 1.9% from the year-ago value to $274 million.
In addition, the company's non-GAAP net income and EPS totaled $255.40 million and $2.25, indicating increases of 5.4% and 8.7% from the prior year's quarter, respectively.
Street expects CHKP's revenue for the fourth quarter (ending December 2024) to increase 5.3% year-over-year to $698.43 million. The consensus EPS estimate of $2.65 for the same quarter indicates a 3.3% improvement year-over-year. Also, CHKP has topped the consensus revenue and EPS estimates in three of the trailing four quarters.
CHKP's stock has surged 20.7% over the past six months and 29.3% over the past year to close the last trading session at $186.82.
CHKP's POWR Ratings reflect its bright outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Quality. It is ranked #4 out of 20 stocks in the B-rated Software - Security industry.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access other CHKP ratings (Growth, Value, Stability, Sentiment, and Momentum).
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 $97.06 per share on Monday afternoon, down $2.15 (-2.17%). Year-to-date, FTNT has gained 65.83%, versus a 28.62% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-tenb-3-cybersecurity-stocks-you-cant-afford-to-ignore/>3 Cybersecurity Stocks You Can't Afford to Ignore</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks You Can't Afford to Ignore

Tracking John Rogers' Ariel Investments Portfolio - Q3 2024 Update

Stifel raised the firm's price target on Check Point (CHKP) to $190 from $182 and keeps a Hold rating on the shares. After a bumpy start to 2024, t...

Check Point price target raised to $190 from $182 at Stifel

Allot Stock: Potential Verizon Expansion Validates The Bull Case

Cybersecurity offers strong investment prospects due to rising spending driven by escalating threats, regulatory reforms, and growing demand for enhanced protection, fueling substantial market growth and long-term returns. As a result, it could be wise to consider cybersecurity leaders like Okta (OKTA), Fortinet (FTNT), and Check Point Software Technologies (CHKP). Read on... The cybersecurity market is booming as businesses face escalating threats like ransomware and email compromises. These attacks not only incur immediate costs but also cause lasting damage, such as business disruptions and intellectual property theft. To combat these risks, companies are prioritizing robust cybersecurity measures, driving a surge in industry investments.
Therefore, investors could benefit from considering leading cybersecurity stocks like Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</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>), which offer compelling options.
According to Gartner, global spending on information security is set to hit $212 billion by 2025, a <a href="https://www.gartner.com/en/newsroom/press-releases/2024-08-28-gartner-forecasts-global-information-security-spending-to-grow-15-percent-in-2025">15.1% rise from 2024</a>, driven by regulatory reforms like CIRCIA and the need for enhanced compliance. Investments focus on critical infrastructure, improved security postures, and addressing emerging threats, fostering trust and further boosting the cybersecurity market.
Furthermore, using visuals like charts and infographics enhances cybersecurity data accessibility, driving better business decisions. Cybersecurity leaders are also simplifying risk communication for stakeholders, ensuring stronger support for investments. As a result, the global cybersecurity market to grow from $193.73 billion in 2024 to $562.72 billion by 2032, at a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Let's now dive into the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks highlighted above, starting with number three.
Stock #3: Okta, Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>)
OKTA operates as an identity partner internationally. The company offers a suite of products and services designed to manage and secure identities, including Single Sign-On, Adaptive Multi-Factor Authentication, API Access Management, Access Gateway, and Okta Device Access.
On October 16, 2024, OKTA launched new Workforce Identity Cloud features to tackle security challenges like unmanaged SaaS accounts, governance risks, and social engineering attacks. These include Secure SaaS Service Accounts, Governance Analyzer with Okta AI, and improved identity verification, enhancing both security and user experience.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin, OKTA's 28.20% is 151.4% higher than the 11.22% industry average. Likewise, its 76.12% trailing-12-month gross profit margin is 51% higher than the 50.41% industry average.
OKTA's total revenue for the fiscal third quarter ended October 31, 2024, increased 13.9% year-over-year to $665 million. Its non-GAAP operating income was $138 million, up 62.4% year-over-year. Additionally, its non-GAAP net income and net income per share were $121 million and $0.67, respectively, reflecting increases of 53.2% and 52.3% compared to the prior-year quarter.
Street expects OKTA's EPS and revenue for the quarter ending January 31, 2025, to increase 16.9% and 10.6% year-over-year to $0.74 and $669.10 million, respectively. It surpassed the consensus revenue estimates in each of the trailing four quarters. Over the past month, the stock has gained 11.7% to close the last trading session at $81.41.
OKTA's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and Sentiment. Within the A-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry, it is ranked #8 out of 20 stocks. To access additional grades for OKTA's Value, Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/OKTA/">click here</a>.
Stock #2: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT provides cybersecurity and converged networking and security solutions worldwide. It offers secure networking solutions focused on the integration of networking and security; network firewall solutions, including FortiGate data center, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions.
On December 3, 2024, FTNT launched FortiAppSec Cloud, a unified platform for web application security and performance. It combines tools for API security, bot defense, and server load balancing, simplifying the protection and management of hybrid and multi-cloud environments.
In terms of the trailing-12-month Return on Common Equity margin, FTNT's 311.53% is significantly higher than the 4.29% industry average. Similarly, its 28.86% trailing-12-month levered FCF margin is 157.3% higher than the 11.22% industry average. Additionally, its 26.79% trailing-12-month net income margin is 632% higher than the 3.66% industry average.
For the third quarter ended September 30, 2024, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million. During the same period, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7%, respectively, to $487.60 million and $0.63.
Analysts expect FTNT's EPS and revenue for the quarter ending December 31, 2024, to increase 19.1% and 12.7% year-over-year to $0.61 and $1.60 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 66.4% to close the last trading session at $93.36.
FTNT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #7 in the same industry. Beyond what we stated above, we also have given FTNT grades for Growth, Value, Momentum, and Security. Get all the 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>)
CHKP develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, as well as solutions for cloud, network, mobile devices, endpoints, information, and IoT.
On November 20, 2024, CHKP launched Quantum Firewall Software R82, using AI-powered engines to block 99.8% of zero-day threats. The update improves threat prevention, DevOps agility, and simplicity, with features like post-quantum cryptography and easy scalability for enterprise networks.
On October 1, 2024, CHKP completed its acquisition of Cyberint Technologies. This integration strengthens the Infinity Platform with advanced external risk management, providing real-time threat intelligence, AI-driven risk detection, and proactive protection for businesses against cyber threats.
In terms of the trailing-12-month net income margin, CHKP's 33.17% is 806.3% higher than the 3.66% industry average. Its 15.19% trailing-12-month Return on Total Assets is 703.9% higher than the 1.89% industry average. Also, its 34.60% trailing-12-month EBIT margin is 540.3% higher than the industry average of 5.40%.
During the third quarter ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million. Similarly, CHKP's non-GAAP net income and EPS were $255.40 million and $2.25, reflecting increases of 5.4% and 8.7%, respectively, from the prior year's quarter.
For the quarter ending December 31, 2024, CHKP's EPS is expected to increase 3.2% year-over-year to $2.65. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $698.55 million. CHKP surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 21.5% to close the last trading session at $181.09.
CHKP's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It is ranked #6 in the Software – Security industry. It has an A grade for Quality. To see CHKP's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/CHKP/">click 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 $95.10 per share on Thursday afternoon, up $1.74 (+1.86%). Year-to-date, FTNT has gained 62.48%, versus a 25.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-okta-3-cybersecurity-leaders-benefiting-from-increased-spending/>3 Cybersecurity Leaders Benefiting from Increased Spending</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Leaders Benefiting from Increased Spending

ALLT

BOKF

CYBR

FTNT

GNRC

GNTX

MGRB

MGRD

MGRE

MSGE

MSGS

NTRS

NTRSO

NVST

REZI

SAEF

SPHR

TENB

VODPF

ZBRA

Screenshot 2024-02-27 at 6.53.14 PM

Startups

CSCO

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

Press Releases

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

Check Point Software Recognized by Forbes for Fifth Consecutive Year as World's Top Notch Cyber Security Employer

Check Point Software Reports 2024 Third Quarter Financial Results

Check Point Software Technologies Ltd. Shareholders Approve All 2024 Annual General Meeting Proposals

SolarEdge Announces Changes to the Board of Directors

General

Check Point Unveils New AI-Powered Network Security Innovations to Raise the Bar on Threat Prevention

Check Point Software is a Leader in GigaOm Cloud Radar: Paving the Way in Cloud Security Innovation, Delivering Advanced Threat Prevention and Scalability

Check Point Infinity XDR/XPR Achieves 100% Detection Rate in 2024 MITRE ATT&CK® Evaluations

Gil Shwed Takes on the Role of Executive Chairman of the Board of Directors, Nadav Zafrir Becomes CEO at Check Point Software Technologies

Check Point Software Recognized as a Leader in Email Security in the Inaugural Gartner Magic Quadrant for Email Security Platforms

Comments

Check Point Software

매도 수량

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

뉴스

파트너 / 기고자

벤징가 글로벌