Check Point Software Technologies Ltd. (CHKP) - NASDAQ
  • Tue, Jul. 26, 5:33 AM
    • Check Point Software Technologies (NASDAQ:CHKP): Q2 EPS of $1.09 beats by $0.02.
    • Revenue of $422.75M (+6.9% Y/Y) beats by $1.19M.
    • Press Release
    | Tue, Jul. 26, 5:33 AM
  • Mon, Jul. 25, 5:30 PM
  • Thu, Jun. 16, 1:42 PM
    • "We picked up more data points suggesting that enterprise security spending growth is slowing, with the tone incrementally worse in the banking vertical. CHKP derives ~30% of its revs mix from the financial services vertical," writes Deutsche after attending a Gartner security conference. The firm has downgraded Check Point (CHKP -3.2%) to Hold, and cut its target by $5 to $90 (still $8 above current levels).
    • The firm qualifies its downgrade by noting Check Point has a loyal customer base, and that its valuation provides downside protection. Shares go for 16x a 2017 EPS consensus of $4.99.
    | Thu, Jun. 16, 1:42 PM
  • Wed, Apr. 20, 9:15 AM
    | Wed, Apr. 20, 9:15 AM | 8 Comments
  • Wed, Apr. 20, 5:29 AM
    • Check Point Software Technologies (NASDAQ:CHKP): Q1 EPS of $1.06 beats by $0.03.
    • Revenue of $404M (+8.4% Y/Y) in-line.
    • Press Release
    | Wed, Apr. 20, 5:29 AM
  • Tue, Apr. 19, 5:30 PM
    | Tue, Apr. 19, 5:30 PM | 2 Comments
  • Thu, Jan. 28, 3:52 PM
    • Check Point (CHKP +2.1%) is up moderately after beating Q4 estimates. On its earnings call, the firewall/security software provider guided for Q1 revenue of $395M-$410M and EPS of $0.99-$1.05 vs. a consensus of $404.8M and $1.04.
    • 2016 EPS guidance is at $4.45-$4.60, in-line with a $4.55 consensus. With Check Point having strong European exposure, forex remains a major headwind.
    • Buyback continue at an aggressive pace: $249M was spent in Q4 to repurchase 3M shares, and $986M over the whole of 2015 to buy back 12M shares. Healthy software subscription growth led the deferred revenue balance to rise 16% Y/Y in Q4 (outpacing revenue growth of 9%) to $906M. Product/license revenue rose 7% Y/Y to $173.9M; software blade subscription revenue rose 22% to $88M.
    • Check Point's Q4 results, earnings release
    | Thu, Jan. 28, 3:52 PM
  • Thu, Jan. 28, 5:30 AM
    • Check Point Software Technologies (NASDAQ:CHKP): Q4 EPS of $1.20 beats by $0.05.
    • Revenue of $458.07M (+8.9% Y/Y) beats by $0.99M.
    | Thu, Jan. 28, 5:30 AM | 3 Comments
  • Wed, Jan. 27, 5:30 PM
    | Wed, Jan. 27, 5:30 PM | 18 Comments
  • Wed, Jan. 13, 9:33 AM
    • Israel's TheMarker reports firewall/security software vendor Check Point (CHKP +2.1%) is in preliminary talks to buy privileged account security software leader CyberArk (NASDAQ:CYBR). No word on a potential deal price.
    • Oppenheimer's Shaul Eyal considers the odds of a deal low. given Check Point has historically opted for smaller/cheaper purchases. "We note the two companies have been already cooperating and partnering in recent years on various productsb both companies have considerable R&D centers in Israel. While CHKP carries $3.6B of cash on its balance sheet and it appears that financing such a hypothetical transaction is no hurdle, it would certainly mark a deviation from its recent years' strategy of acquiring tuck-in technologies (Lacoon and Hyperwise in 2015 for a combined sub-$200M)."
    • CyberArk has surged above $45 on the report. Following the jump, CyberArk has a $1.48B market cap to Check Point's $14.5B.
    | Wed, Jan. 13, 9:33 AM | 18 Comments
  • Wed, Jan. 6, 1:46 PM
    • Barclays' Raimo Lenschow has downgraded firewall/security software firm Check Point (CHKP -1.9%), cloud talent management software firm Cornerstone OnDemand (CSOD -2.7%), and data warehousing hardware/software provider Teradata (TDC -3.8%) to Underweight. Cloud HR/financials software vendor Workday (WDAY -3.6%) and e-commerce software/services provider Demandware (DWRE -2.9%) have been cut to Equal Weight.
    • Cloud HR software firm Paycom (PAYC -1%), on the other hand, has been upgraded to Overweight on a belief consensus estimates are too low. Meanwhile, BofA/Merrill has launched coverage on Demandware at Buy.
    • Regarding Check Point, Lenschow says he prefer security tech firms that are gaining share - his top three ideas are Palo Alto Networks, Imprivata, and Rapid7. He sees security IT spend rising 7% in both 2016 and 2017, a rate on par with 2015's.
    • Regarding Cornerstone, Lenschow is worried about slowing top-line growth, a lack of profits, and growing competition. Regarding Workday, he's concerned about competition from SAP/Oracle, a high valuation, and the relatively limited impact of its financials offerings on sales growth.
    • The downgraded names are underperforming amid a 1.1% Nasdaq drop.
    | Wed, Jan. 6, 1:46 PM | 1 Comment
  • Dec. 30, 2015, 6:22 PM
    • "On the heels of another strong year for cybersecurity players, our recent field checks heading into 2016 suggest 'robust' deal momentum as enterprises and governments across the board upgrade to next-generation security platforms/software," says FBR's Dan Ives, reiterating his bullish stance on security tech upstarts.
    • Ives: "Based on our conversations with channel partners/customers over the last few weeks, closure rates look to be trending higher year over year, with seven-figure deals markedly up in the pipeline. This speaks to the massive firewall refresh that is underway, with hot areas of security (next-generation firewall, e-mail security, mobile/cloud) as the main beneficiaries."
    • He expects next-gen firewall leader Palo Alto Networks (NYSE:PANW) to be a major beneficiary. Others expected to benefit include firewall/security software vendor Check Point (NASDAQ:CHKP), privileged account security software leader CyberArk (NASDAQ:CYBR), unified threat appliance leader Fortinet (NASDAQ:FTNT), e-mail/compliance security software firm Proofpoint (NASDAQ:PFPT), and Web app firewall and data security software firm Imperva (NYSE:IMPV).
    • Ives is less bullish on malware and endpoint-protection hardware and software provider FireEye (NASDAQ:FEYE), citing execution and product-related headwinds. His note comes three weeks after Citi reported a CIO survey pointed to strong enterprise security spend. FireEye (upgraded), Palo Alto, Splunk, and Imperva were favorably mentioned.
    • ETF: HACK
    | Dec. 30, 2015, 6:22 PM | 7 Comments
  • Oct. 26, 2015, 12:54 PM
    • In addition to beating Q3 estimates (moreso on EPS than revenue), Check Point (CHKP +0.3%) guided on its earnings call for Q4 EPS of $1.10-$1.18 vs. a $1.11 consensus. Revenue guidance is more cautious: $440M-$470M vs. a $456.5M consensus.
    • Buybacks continue to lift the firewall/security software vendor's EPS: Check Point spent $250M in Q3 to repurchase 3.1M shares. $245M was spent on buybacks in Q2.
    • Product/license revenue rose 7% Y/Y to $135.2M, software blade subscription revenue 18% to $79.6M, and software update/maintenance revenue 7% to $189M. Subscription growth helped the deferred revenue balance rise 17% to $772M.
    • GAAP operating expenses rose 15% Y/Y to $199.2M. Check Point ended Q3 with $3.6B in cash/investments, and no debt.
    • Q3 results, PR
    | Oct. 26, 2015, 12:54 PM | 1 Comment
  • Oct. 26, 2015, 6:02 AM
    • Check Point Software Technologies (NASDAQ:CHKP): Q3 EPS of $1.04 beats by $0.06.
    • Revenue of $403.86M (+9.0% Y/Y) beats by $0.9M.
    | Oct. 26, 2015, 6:02 AM | 2 Comments
  • Oct. 25, 2015, 5:30 PM
    | Oct. 25, 2015, 5:30 PM | 5 Comments
  • Sep. 1, 2015, 4:15 PM
    • Stating it wishes to separate the chairman and CEO positions, Check Point (NASDAQ:CHKP) has named Marius Nacht, a co-founder and 22-year board vet, its non-executive chairman.
    • Fellow co-founder, Gil Shwed, who has served as both chairman and CEO since 1998, will retain the latter role.
    | Sep. 1, 2015, 4:15 PM
Company Description
Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions caters to the following:... More
Sector: Technology
Industry: Security Software & Services
Country: United States