In the age of cybersecurity and tech advancement, the imperative for edgy solutions has never been more critical. As the cybersecurity space expands, so too do the related threats. Now, the role of cybersecurity companies in the economy emerges as vital. Among these sentinels stand three stalwart cybersecurity stocks. These companies embody resilience and exemplify growth and adaptability in the face of evolving cyber threats. This article will dissect the core strengths and market strategies of these cyber ...

gorodenkoff/iStock via Getty Images Check Point Software Technologies (NASDAQ:CHKP) is a global leader in cybersecurity solutions, protecting businesses of all sizes from cyberattacks across various landscapes. Founded in 1994, they offer a comprehensive AI-driven security platform, Infinity, which safeguards networks, clouds, mobile devices, and data with advanced threat prevention capabilities. The stock has been performing really well in the market. Having gone public in 1996 at a price level of $4, it b ...

Key PointsCyber security stocks are in an uptrend driven by growth supported by the rising use of the cloud and the growing threat to it. Fortinet uses its robust cash flow to repurchase shares, reducing the count by 2% in 2023. Check Point is a smaller business with superior margins and share-repurchasing power. 5 stocks we like better than Check Point Software TechnologiesCyber security stocks Check Point Software NASDAQ: CHKP and Fortinet NASDAQ: FTNT can hit new highs, but one is the better buy. While C ...

Check Point Software Technologies Ltd. (CHKP) ended 2023 on a strong note by reporting overwhelming fourth-quarter results, wherein revenues and earnings both surpassed the respective Zacks Consensus Estimates and marked a significant year-over-year improvement.The IT security solutions provider reported non-GAAP earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.46. The bottom line increased 5% from the year-ago quarter’s earnings of $2.45 per share and came ahead of its previously pro ...

Check Point Software Technologies Ltd. (NASDAQ:CHKP) Q4 2023 Results Conference Call February 6, 2024 8:30 AM ET Company Participants Kip Meintzer - Head, IR Gil Shwed - Chief Executive Officer and Founder Roei Golan - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Patrick Colville - ScotiaBank Joseph Gallo - Jefferies Jared Pomerantz - Susquehanna International Group Tal Liani - BofA Merrill Lynch Shaul Eyal - TD Cowen Kip Meintzer [Call Starts Abruptly] …Fourth Quarter an ...

For the quarter ended December 2023, Check Point Software (CHKP) reported revenue of $663.5 million, up 3.9% over the same period last year. EPS came in at $2.57, compared to $2.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $660.3 million, representing a surprise of +0.48%. The company delivered an EPS surprise of +4.47%, with the consensus EPS estimate being $2.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Check Point Software (CHKP) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.47%. A quarter ago, it was expected that this data security company would post earnings of $2.02 per share when it actually produced earnings of $2.07, delivering a surprise of 2.48%.Over the last four quart ...

SAN CARLOS, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Check Point® Software Technologies Ltd. (NASDAQ:CHKP), today announced its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023         Total Revenues: $664 million, a 4 percent increase year over yearSecurity Subscriptions Revenues: $266 million, a 15 percent increase year over yearDeferred Revenues: $1,908 million, a 2 percent increase year over yearGAAP Operating Income: $252 million, representing 38 perc ...

SAN CARLOS, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading AI-powered, cloud-delivered cyber security platform provider, revealed today that its Check Point Infinity Platform has achieved an outstanding 99.8% block rate on Zero+1 day Malware, and a 100% phishing prevention score in Miercom's Next Generation Firewall (NGFW) Security Benchmark 2024 report. By comparison, the average new malware block rate for the other four security vendors was 69.2%. ...

Wall Street analysts forecast that Check Point Software (CHKP) will report quarterly earnings of $2.46 per share in its upcoming release, pointing to a year-over-year increase of 0.4%. It is anticipated that revenues will amount to $660.3 million, exhibiting an increase of 3.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...