CHKP Stock Overview

I have changed my rating for Check Point Software to 'Hold' because of slowing subscription growth, pressure on profit margins, and a high valuation of 21 times the expected price-to-earnings ratio. In the fourth quarter of 2024, CHKP reported impressive billings growth of 11.2% year-on-year and a notable increase in product revenue, which rose by 8% year-on-year. However, there are worries about a drop in subscription growth from 11.5% to 9.9% year-on-year and a 300 basis points decrease in adjusted EBIT margin.

On February 4, 2025, Check Point Software Technologies Ltd. (NASDAQ: CHKP), a leading company in cyber security, revealed new features for its Infinity Platform. These enhancements aim to speed up zero trust implementation, improve threat prevention, lower complexity, and make security operations easier.

The growth of Quantum Force, Harmony Email, and Infinity Platform solutions has boosted CHKP's sales in the fourth quarter, but rising operating costs have impacted their profits.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) will hold its Q4 2024 Earnings Conference Call on January 30, 2024, at 8:30 AM ET. The call will feature company representatives including Kip Meintzer, Gil Shwed, Nadav Zafrir, and Roei Golan. Participants from various financial institutions will also join the discussion.

Check Point Software (CHKP) reported quarterly earnings of $2.70 per share, which is higher than the Zacks Consensus Estimate of $2.66 per share. This is an increase compared to earnings of $2.57 per share from the same period last year.

Check Point Software Technologies surpassed profit expectations for the fourth quarter on Thursday, with revenue reaching over $2.5 billion in 2024.

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

Cloudflare Inc (NYSE:NET) shares are rising on Thursday after Goldman Sachs analyst Gabriela Borges changed her rating from Sell to Buy and increased the price target from $77 to $140. According to the analyst, the performance of security stocks in 2024 will largely depend on how the market views each company as a platform instead of just a single product. Borges also highlighted two factors that could boost Cloudflare's stock in 2025, including better sales and marketing productivity.

TEL AVIV, Israel, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a top provider of global cyber security solutions, has announced that it will share its financial results for the fourth quarter and full year 2024, which ended on December 31, 2024, on Thursday, January 30, 2025, before the U.S. markets open. The management team will hold a video conference call for investors at 8:30 AM EST/5:30 AM PST on the same day. A live video stream of the call will be available on the company's website at http://www.checkpoint.com/ir.