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Check Point Software Technologies Ltd. (CHKP)

  • Oct. 20, 2013, 5:30 PM
  • Sep. 20, 2013, 11:23 AM
    • FireEye's (FEYE) IPO is even stronger than Rocket Fuel's. Shares opened at $40.30 and are currently at $40.61, up 103.1% from an elevated IPO price of $20.
    • The cybersecurity hardware/software firm has a market cap of $4.77B, or a whopping 57x 2012 revenue.
    • A couple of industry peers are rallying in sympathy: PANW +3.9%. CHKP +1.6%.
    • S-1, IPO preview, 1H results
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  • Sep. 17, 2013, 2:06 PM
    • Looking to challenge Cisco (CSCO +0.3%), Check Point (CHKP +0.9%), and market leader Palo Alto Networks (PANW +1.1%) in the growing next-gen firewall (NGFW) hardware market, H-P (HPQ -0.4%) has launched its TippingPoint NGFW line. (PR)
    • Five models are being offered, the most powerful of which offers 10Gbps of throughput. Palo Alto's high-end PA-5060 firewall offers 20Gbps of throughput. Though H-P plans to continue selling TippingPoint intrusion prevention (IPS) appliances, the functionality of its new hardware leads Gartner's Greg Young to view the latter as a replacement for the former.
    • Young estimates NGFWs have grown to make up 15% of the $8B firewall market.
    • H-P is also launching Threat Central, a cloud-based service that analyzes potential threats detected by the company's ArcSight security software.
    • Consider the moves an escalation of H-P's rivalry with Cisco. Cisco is set to acquire IPS leader Sourcefire, which has also rolled out hardware that combines NGFW and IPS features, and recently formed a managed security services unit.
    • Meanwhile, F5 (FFIV +0.8%) has acquired Versafe, a developer of online fraud protection software and a cloud-based monitoring service, for an undisclosed sum. F5 declares Versafe's products will complement its firewall and access/policy management hardware, as well as its mobile app management software.
    • Versafe can already be integrated with F5's mainstay application delivery controllers. In a blog post discussing the deal, F5 argues the ongoing rise of remote/mobile file access increases Versafe's value.
    • H-P and F5's moves comes amid growing corporate interest in cybersecurity, following well-publicized hacking events.
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  • Jul. 18, 2013, 5:52 AM
    Check Point Software (CHKP): Q2 EPS of $0.83 beats by $0.02. Revenue of $340.2M beats by $2.98M. (PR)
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  • Jul. 18, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AN, APH, BAX, BBT, BLK, BPOP, BX, CHKP, CY , CYS, DGX, DHR, DOV, ERIC, FCS,FITB, GPC, HBAN, HLSS, JCI, KEY, MS, NOK , NUE, OMC, ORB, PM, PPG, SAP, SHW, SNA, SON, SVU, SWY, TSM, TZOO, UNH , UNP, VZ
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  • Jul. 17, 2013, 5:30 PM
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  • Jul. 16, 2013, 8:25 AM
    Teva (TEVA) enjoyed 12B shekels ($3.3B) of tax breaks from 2006-2011 as part of a government program to encourage capital investment. Teva topped the list of companies with the largest breaks, with Israel Chemicals (ISCHF.PK) number two at 2.2B shekels and Check Point (CHKP) number three at 1.65B. The party could be over now, though - the publication of the figures comes amid tax hikes and spending cuts as Israel faces a large budget deficit, and Finance Minister Yair Lapid is reviewing the tax incentives.
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  • May 30, 2013, 4:29 PM
    Palo Alto Networks (PANW) now -13.9% AH in response to its mixed FQ3 results. With shares trading at lofty multiples, there was little margin for error. In its PR, Palo Alto mentions seeing a "touch macroeconomic environment" (peers can sympathize), but doesn't give a specific reason for its revenue miss. Revenue growth of 54% is a slowdown from FQ2's 70%. Still, deferred revenue rose 17% Q/Q to $219.3M. Opex +70% Y/Y to $80M, with sales/marketing spend +71% to $51.7M (51% of revenue). CC getting started (webcast), guidance should be provided. Off in sympathy: CHKP -1.2%. FIRE -2.2%.
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  • Apr. 22, 2013, 6:42 AM
    Check Point Software Technologies (CHKP): Q1 EPS of $0.79 beats by $0.01. Revenue of $322.7M (+3.1% Y/Y) misses by $6M. (PR)
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  • Apr. 22, 2013, 12:05 AM
    Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX
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  • Apr. 21, 2013, 5:30 PM
    Notable earnings before Monday’s open: BEAV, BOH, CAT, CHKP, HAL, HAS, NVR, PHG, SIX
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  • Apr. 10, 2013, 4:35 PM
    Fortinet (FTNT) -13.5% AH after warning it expects Q1 revenue of $134M-$136M and EPS of $0.10, below a consensus of $140.4M and $0.12. Billings are pegged at $147M-$149M, below guidance of $158M-$162M. The company blames a failure to close a few U.S. service provider deals (F5's warning also cited telco demand), EMEA/Latin America weakness, and inventory shortages and product timing issues. Asia-Pac and U.S. enterprise demand was healthy. With shares trading at 36x 2013E EPS, there wasn't much room for error. Did Ken Goldman's departure play a role? CC at 5PM ET (webcast). CHKP -1.3%. PANW -0.8%. FIRE -1.5%.
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  • Apr. 5, 2013, 6:19 PM
    J.P. Morgan's Thomas Lee notes that several laggards in the first quarters of 2009-12 rebounded in Q2, so he figures select tech stocks look appealing now. Tech's forward P/E ratio is below the market's for the first time in 17 years, Lee says. His most noteworthy call is to buy Apple (AAPL), which slid 16% Q/Q. Some other favorites: BRCM, CHKP, ESRX, MYL, TASR, CHS, F, COF.
  • Mar. 25, 2013, 10:16 AM
    Lazard cuts Check Point (CHKP -1.9%) to Neutral; the firm says channel checks indicate share losses to Palo Alto Networks (PANW) are growing. Palo Alto's next-gen firewalls are causing headaches for incumbent firewall vendors Check Point, Cisco, and Juniper thanks to their ability to support deeper content analysis on an integrated platform. The company recently bragged of an 85% win rate in deals it competes for.
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  • Feb. 12, 2013, 1:51 PM
    Security hardware stocks rally on expectations Pres. Obama will issue an executive order meant to bolster government spending on cybersecurity following tonight's State of the Union. Intrusion prevention system leader SourceFire (FIRE +8.8%), which received 28% of its sales from the U.S. government in Q3, is the biggest winner, but Fortinet (FTNT +4.3%), Check Point (CHKP +1.2%), and Palo Alto Networks (PANW +1.1%) are also higher.
  • Jan. 31, 2013, 3:59 PM
    Strong earnings from Citrix, Fortinet, and SGI have translated into solid gains for a number of enterprise IT stocks. Winners include security hardware firms Sourcefire (FIRE +4.9%), Palo Alto Networks (PANW +2.8%), and Check Point (CHKP +3%), and server adapter card/interconnect switch makers Mellanox (MLNX +6.2%) and Emulex (ELX +2.6%), WAN optimization leader Riverbed (RVBD +1.7%), and Citrix virtualization/cloud management rival Red Hat (RHT +2%).
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Company Description
Check Point Software Technologies Ltd develops, and markets software and combined hardware and software products and services for information technology security.