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Check Point Software Technologies Ltd. (CHKP)

  • Nov. 13, 2012, 10:02 AM
    Palo Alto Networks (PANW +1.1%) is outperforming after introducing the VM-Series, a next-gen firewall that can run on servers using VMware's (VMW) virtualization software. The allows the firewall (and its policies) to be quickly moved from server to server. Palo Alto also introduced new mid-range hardware, a malware prevention service, and an update to the OS its firewalls run on. Gartner notes Check Point (CHKP) has long offered a virtual firewall, but expects the VMware partnership to give Palo Alto, whose solutions are differentiated in other respects, a lift. (Citrix partnership)
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  • Oct. 24, 2012, 12:10 PM
    Check Point (CHKP +1.6%) trades higher after receiving its second upgrade in two days (previous), this time from BofA/Merrill, which is upping shares to Buy. Today's gains come even though firewall rival Juniper issued soft Q4 guidance, and provided bleak commentary to go with it.
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  • Oct. 23, 2012, 11:49 AM
    Check Point (CHKP +1%) outperforms a bit after JPMorgan upgrades shares to Overweight, citing valuation. Check Point, which is facing tough competition from Palo Alto Networks, was clobbered last week due to the guidance accompanying its Q3 report, and closed yesterday not too far away from its 52-week low.
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  • Oct. 17, 2012, 12:45 PM
    Midday top 10 gainers: CYMI +51%. SIFY +27%. MTG +22%. IGLD +21%. BCOM +21%. TSRI +20%. REDF +14%. BMI +14%. URI +14%. DF +13.
    Top 10 Losers: FTNT -20%. APOL -19%. DSTI -14%. CHKP -12%. INVE -11%. OSG -11%. FIRE -10%. STLY -8%. MARK -8%. TXT -7%.
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  • Oct. 17, 2012, 9:53 AM
    Check Point (CHKP -11.6%) joins security hardware peer Fortinet (FTNT -17.9%) in tumbling post-earnings. Though Check Point's Q3 results were respectable, the firewall vendor guided on its call for Q4 revenue of $355M-$387M and EPS of $0.84-$0.91 vs. a consensus of $381.8M and $0.90. The big question: to what extent is the guidance the result of soft IT spending and strong European exposure, and to what extent is it due to competition from Palo Alto Networks (PANW -1.2%) and its disruptive next-gen firewalls?
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  • Oct. 17, 2012, 9:10 AM
    Premarket gainers: CYMI +63%. CREE +10%. FSLR +6%.
    Losers: FTNT -17%. APOL -12%. STJ -6%. CHKP -5%
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  • Oct. 17, 2012, 6:07 AM
    Check Point Software (CHKP): Q3 EPS of $0.79 beats by $0.01. Revenue of $332.4M (+8% Y/Y) in-line. (PR)
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  • Oct. 17, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
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  • Oct. 16, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
  • Sep. 24, 2012, 4:25 PM
    Check Point (CHKP +1.2%) closes higher on a down day after Oppenheimer says its reseller checks indicate the firewall vendor should post Q3 results "at least in line" with Street estimates, in spite of recent fears about competition and Europe. The firm also likes a valuation of 13x estimated 2013 EPS and the company's $16.30/share in cash.
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  • Aug. 22, 2012, 11:06 AM
    An academic report concludes that as automobiles become increasingly computerized, they also become more vulnerable to viruses. Just like any machine that transmits bits of information wirelessly, hackers in theory could intercept and redirect packets of information from on-board computer systems. Look for cybersecurity firms such as CHKP, SYNC, FIRE, Intel's McAfee unit, and private firm Escrypt to create more products to address the growing issue. (full report .pdf)
  • Jul. 26, 2012, 2:52 PM
    Fortinet's (FTNT +12.6%) lofty multiples become loftier after the company delivers a top-line Q2 beat, and uses its earnings call to hike guidance. Fortinet, the top player in the growing UTM security hardware space, now expects 2012 billings of $590M-$600M, up from a prior $580M-$590M. Revenue is expected to total $525M-$530M (consensus is for $525.5M), while Q3 revenue and EPS are expected to be in-line. EMEA sales rose 19% Y/Y. CHKP +3.3%. FIRE +3.6%. PANW +1.6%.
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  • Jul. 19, 2012, 6:08 PM
    Palo Alto Networks (PANW) prices its 6.2M-share IPO at $42, above a prior range of $38-$40. The price translates into a valuation of $2.8B. Palo Alto, a leading vendor of next-generation firewalls, posted sales of $179.5M (+129% Y/Y) in the 9 months ending April 30, and net income of $5.4M. The company is seen as a threat to Check Point (CHKP), Juniper (JNPR), and other traditional firewall vendors. Juniper sued Palo Alto last December. (previous)
  • Jul. 18, 2012, 4:03 PM
    In spite of posting a mixed Q2 report, Check Point (CHKP +6.9%) closed with big gains. A new $1B stock buyback (good for buying 10% of outstanding shares) helped, as did in-line Q3 guidance (revenue of $316M-$345M and EPS of $0.74-$0.81 vs. consensus of $339.9M and $0.79) that soothed concerns about heavy Euro dependence (39% of sales). Security hardware peers also rallied on a very good day for enterprise tech. FTNT +10.4%. FIRE +6.4%. JNPR +6.7%.
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  • Jul. 18, 2012, 6:41 AM
    Check Point Software (CHKP): Q2 EPS of $0.77 beats by $0.02. Revenue of $328.6M (+9.3% Y/Y) misses by $3M. (PR)
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  • Jul. 18, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ABT, APH, ASML, BAC, BK, BLK, BPOP, CHKP, DOV, ERIC, GWW, HON, KCG, NTRS, PNC, STJ, SWK, USB
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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.