CHKP Stock Recent News

Check Point CloudGuard recognized for superior performance in WAF & API security and threat prevention, showcasing robust cloud security solutions Check Point CloudGuard recognized for superior performance in WAF & API security and threat prevention, showcasing robust cloud security solutions

I downgraded Check Point Software to a 'Hold' due to decelerating subscription growth, margin pressures, and a high valuation at 21x forward PE. CHKP's 4Q24 showed strong billings growth at 11.2% y/y and a significant turnaround in product revenue, growing 8% y/y. Concerns include a slowdown in subscription growth from 11.5% to 9.9% y/y and a 300 bps decline in adj. EBIT margin.

For the Third Year, Check Point Software Demonstrates Industry's Highest Threat Prevention Rate in Miercom's Enterprise and Hybrid Mesh Firewall report.

VIENNA, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced new Infinity Platform capabilities to accelerate zero trust, strengthen threat prevention, reduce complexity, and simplify security operations.

Growth across Quantum Force, Harmony Email and Infinity Platform solutions drive CHKP's Q4 sales higher, while increased operating costs weigh on profitability.

Check Point Software Technologies Ltd. (NASDAQ:CHKP ) Q4 2024 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Kip Meintzer - Head-Global Investor Relations Gil Shwed - Founder and Executive Chairman Nadav Zafrir - Chief Executive Officer Roei Golan - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Joseph Gallo - Jefferies Shaul Eyal - TD Cowen Jonathan Ho - William Blair Patrick Colville - Scotiabank Joel P.

The headline numbers for Check Point (CHKP) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Check Point Software (CHKP) came out with quarterly earnings of $2.70 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $2.57 per share a year ago.

Check Point Software Technologies beat fourth-quarter profit expectations on Thursday with revenue exceeding $2.5 billion in 2024.

TEL AVIV, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the fourth quarter and full year ended December 31, 2024.