My thesis
Check Point Software Technologies Ltd. (NASDAQ:CHKP) is probably one of the least covered cybersecurity companies here, on Seeking Alpha (it has only 6 articles since the beginning of 2021, while its peers
Check Point Software: Underperformance Is Just The Matter Of Time
Summary
- Check Point Software's stock fell 6.36% YTD, while Global X Cybersecurity ETF gained 5.98% (YTD as well).
- However, I see 3 strong catalysts, which are able to reverse the current situation.
- Check Point, in comparison with other competitors, looks like a classic value company, with all its consequences - it's growing slowly but surely, trying to maintain the established business margins.
- I recommend buying Check Point Software Technologies at current price levels or waiting for a rebound from the nearest support level of ~$120.5.
Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information.
He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker feedback by request from readers, and community chat. Learn more.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CHKP, QLYS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.