For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Check Point Software (CHKP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Check Point Software is one of 611 companies in the Computer and Technology group. The Computer and Technology group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of ou ...

Group 1 - Check Point Software Technologies Ltd. will release its financial results for Q1 2025 on April 23, 2025, before U.S. markets open [1] - A video conference call with the investment community is scheduled for 8:30 AM EST/5:30 AM PST on the same day [1] - The call will be available via a live video webcast on the company's website [1] Group 2 - Check Point is a leading AI-powered, cloud-delivered cybersecurity platform provider, protecting over 100,000 organizations globally [2] - The company utilizes AI to enhance cybersecurity efficiency and accuracy through its Infinity Platform, which includes various technologies for securing workspaces, clouds, and networks [2] - The comprehensive platform features Check Point Harmony, Check Point CloudGuard, Check Point Quantum, and Check Point Infinity Core Services for collaborative security operations [2]

Core Insights - Check Point Software Technologies has strengthened its position in Attack Surface Management (ASM) through the acquisition of Cyberint, which is recognized as a top performer in the GigaOm Radar report [1][2] - The integration of Cyberint's ASM expertise into Check Point's External Risk Management solution enhances automated asset discovery and continuous risk monitoring, providing superior attack surface oversight [1][2] - Gartner predicts that by 2026, organizations prioritizing security investments based on continuous exposure management will be three times less likely to experience a breach, underscoring the importance of robust ASM solutions [2] Company Developments - Cyberint's innovative approach to threat intelligence and strong integration capabilities have earned it the status of Outperformer, positioning it for significant market growth [2] - Check Point's External Risk Management solution, part of the Check Point Infinity Platform, offers proactive security capabilities, integrating ongoing asset discovery, advanced threat intelligence, and AI-powered prevention for real-time visibility and automated risk mitigation [2][3] - The company emphasizes its leadership in the ASM space, highlighting the benefits for customers in managing threats related to their assets and simplifying remediation processes [3] Industry Context - The GigaOm Radar for Attack Surface Management evaluated 29 leading ASM solutions, with Cyberint being recognized for its continuous improvement of core features and accurate alerts [2] - The evolving nature of cyber threats necessitates advanced solutions like Check Point's to help organizations stay ahead of adversaries and enhance their security posture [3] - Check Point's platform includes various technologies aimed at securing different aspects of cyber environments, such as cloud, network, and workspace security [5]

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Escalating threats of nation-state cyber warfare, ransomware extortion, rising malware attacks and security vulnerabilities due to poor implementation of multi-tenant public cloud environments have fueled the demand for advanced cloud security products.Artificial intelligence (AI)-based self-evolving malware attacks and the use of quantum computers in breaking traditional encryptions have pushed cloud security providers to up their game. These factors have given rise to a large cloud security market, which ...

Revenue Performance - Total revenues for 2024 were $2,565 million, representing a 6% increase from $2,415 million in 2023[260] - Security subscription revenues increased by $123 million, or 13%, from $981 million in 2023 to $1,104 million in 2024[261] - Software updates and maintenance revenues rose by $17 million, or 2%, from $936 million in 2023 to $953 million in 2024[261] - The Americas accounted for 42% of total revenues in 2024, while Europe, the Middle East, and Africa accounted for 47%[237] Expenses and Costs - Total cost of revenues was $319 million in 2024, up from $283 million in 2023[262] - Cost of security subscriptions increased to $73 million in 2024 from $57 million in 2023[264] - Research and development expenses were $395 million in 2024, consistent at 15% of revenues for both 2024 and 2023[266] - Selling and marketing expenses increased to $863 million in 2024, representing 34% of revenues, up from $747 million and 31% in 2023[269] - General and administrative expenses decreased to $112 million in 2024, accounting for 4% of revenues, compared to $117 million and 5% in 2023[272] - Operating margin declined to 34% in 2024 from 37% in 2023, primarily due to increased workforce-related expenses and cloud costs[273] - Amortization of technology rose to $25 million in 2024 compared to $14 million in 2023, attributed to acquisitions[265] Income and Profitability - Operating income for 2024 was $876 million, a decrease from $899 million in 2023[258] - Net income for 2024 was $845.7 million, slightly up from $840.3 million in 2023[258] - Net income increased by $6 million to $846 million in 2024, compared to $840 million in 2023[279] Financial Position - Net financial income rose to $96 million in 2024, up from $77 million in 2023, driven by higher interest rates and yields on marketable securities[275] - Total taxes on income decreased to $126 million in 2024, with an effective tax rate of 13%, down from $135 million and 14% in 2023[277] - Total cash and cash equivalents, short-term investments, and long-term interest-bearing investments were $2,784 million as of December 31, 2024, down from $2,960 million in 2023[280] - Net cash from operations was $1,052 million in 2024, an increase from $1,038 million in 2023, primarily due to higher deferred revenues[281] - Net cash used in financing activities was $1,060 million in 2024, attributed mainly to the repurchase of ordinary shares totaling $1,300 million[283] - The company believes its liquidity sources will be sufficient to meet normal operating requirements over the next 12 months[286]

Group 1 - The stock of Check Point Software Technologies (CHKP) is experiencing significant attention due to high implied volatility in the options market, particularly the Apr 17, 2025 $290.00 Put option [1] - Implied volatility indicates the market's expectation of future movement, suggesting that investors anticipate a substantial price change or an upcoming event that could lead to a major rally or sell-off [2] - Check Point currently holds a Zacks Rank 3 (Hold) in the security industry, which is in the top 18% of the Zacks Industry Rank, with mixed analyst estimates for the current quarter [3] Group 2 - The recent high implied volatility for Check Point could indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] - Over the last 60 days, two analysts have raised their earnings estimates for Check Point, while seven have lowered theirs, resulting in a decrease in the Zacks Consensus Estimate from $2.23 to $2.19 per share [3]

Core Viewpoint - Check Point Software Technologies has shown a strong performance with a 15% gain in 2025 and is well-positioned for future growth due to the increasing adoption of AI tools in the cybersecurity sector [1][2]. Financial Performance - Check Point ended 2024 with total revenue of $2.66 billion, reflecting a 6% year-over-year increase, while non-GAAP earnings rose by 9% to $9.16 per share [3]. - The company expects fiscal 2025 revenue growth in the range of 4% to 8%, with earnings growth projected between 5% to 11%, potentially reaching $9.90 per share [8]. Growth Indicators - The remaining performance obligations (RPO) increased by 12% year-over-year in Q4 2024, indicating a robust revenue pipeline as it represents the total value of contracted products and services yet to be recognized as revenue [4]. - Demand for Check Point's AI-powered firewall product, Quantum Force, has been rising, contributing to an 8% year-over-year increase in product and license sales in the previous quarter [6]. Market Position and Valuation - Check Point is trading at 22 times forward earnings, which is lower than the Nasdaq-100 index's forward earnings multiple of 28, suggesting an attractive valuation [10]. - If Check Point achieves $12 per share in earnings by 2027 and trades in line with the Nasdaq-100's forward earnings multiple, its stock price could potentially reach $342, representing a 59% increase from current levels [11].

Core Insights - Check Point Software Technologies Ltd. has been recognized as a Leader in three GigaOm Radar reports: Application & API Security, Cloud Network Security, and Cloud Workload Security, highlighting its unified platform and AI-driven threat prevention capabilities [1][2][3] Group 1: Company Recognition - Check Point's CloudGuard solution is acknowledged for its holistic approach to cloud security, integrating cloud network security, workload protection, and posture management [2][4] - The recognition from GigaOm validates Check Point's continuous innovation in developing one of the industry's most comprehensive cloud security platforms [2][3] Group 2: Product Features - Check Point CloudGuard offers automated, AI-powered protection, simplifying cloud management while ensuring the security of workloads, applications, and data [2][3] - The solution features real-time, dynamic protection across multi-cloud environments, enabling adaptive security measures based on data analysis from major cloud providers [3][5] - Key capabilities include AI-driven vulnerability detection, real-time threat detection and response, data leak protection, and extensive hybrid-cloud support [5][6] Group 3: Strategic Partnerships - Check Point has formed a strategic partnership with Wiz, a leading CNAPP provider, to enhance their combined strengths in cloud security [4][5]

Core Insights - The partnership between Check Point Software Technologies and Wiz aims to create a new security paradigm by integrating cloud network security with Cloud Native Application Protection (CNAPP) to enhance enterprise protection in hybrid cloud environments [1][2][5] - This collaboration addresses the fragmentation in security operations, where cloud network security and cloud security teams often operate in silos, leading to inefficiencies and increased cyber risks [2][3] Company Overview - Check Point Software Technologies is a global leader in cyber security solutions, protecting over 100,000 organizations worldwide with its AI-powered, cloud-delivered security platform [6][8] - Wiz, founded in 2020, is recognized as the fastest-growing software company globally, securing cloud environments for numerous organizations, including over 45% of the Fortune 100 [9] Partnership Details - The partnership includes joint integration and migration of Check Point's CNAPP customers to Wiz, with Check Point reallocating resources and investing further in its cloud security business [4] - The collaboration aims to enhance visibility and risk prioritization, allowing organizations to manage security more effectively across hybrid environments [3][7] Security Solutions Offered - The integrated solution will provide unified security insights, enhanced risk context, prioritization of unsecured assets, and optimized security operations for customers [7] - Check Point's cloud network security controls will be integrated within Wiz's CNAPP risk platform, enabling real-time insights and actionable recommendations for security teams [7]