La vendita allo scoperto per Check Point Software dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Check Point Software. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Check Point Software (NASDAQ:CHKP) Azioni, Report sulle vendite allo scoperto

Check Point Software

Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.

Check Point Software Technologies Ltd. - Ordinary Shares

Check Point Software Technologies Ltd

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CHKP

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HUBS

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WDAY

Shares of software, cybersecurity, and cloud companies are trading higher in possible sympathy with Snowflake, which saw gains after the company reported better-than-expected Q3 financial results and raised its FY25 product revenue guidance.

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<li>Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) dipped 17.70% last week after reporting worse-than-expected sales results, and analysts <a href="https://www.benzinga.com//node/41637268" target="_blank" rel="noreferrer noopener">revised the price forecast and rating</a>.</li>
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Photo via Shutterstock

Large Cap

News

Movers

Trading Ideas

APTV

BORR

MPWR

SMCI

Super Micro Computer, Li Auto And Estee Lauder Are Among Top 10 Large Cap Losers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?

B of A Securities analyst Tal Liani downgraded Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) <a target="_blank" href="https://www.benzinga.com/quote/CHKP/analyst-ratings" rel="noreferrer noopener">from Buy to Neutral</a> and lowered the price target from&nbsp;$205&nbsp;to&nbsp;$195.
On Tuesday, Check Point reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41598267/check-point-q3-earnings-security-subscriptions-revenue-soars-11-5-but-margins-slip-as-expenses-rise" rel="noreferrer noopener">fiscal third-quarter</a> revenue growth of 7% to $635.10 million, almost inline with the&nbsp;analyst consensus estimate of $635.14 million.&nbsp;Adjusted operating margin declined to 43% from 45% the prior year.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41625704/adp-raises-the-bar-after-q1-earnings" rel="noreferrer noopener">ADP Raises The Bar After Q1 Earnings Surprise</a>
Given the company&#8217;s modest growth trajectory, the valuation seems stretched, as per Liani.
The analyst expected a recovery in billings next quarter despite the quarter&#8217;s weak billings growth of 5.8% year-over-year, which fell short of the Street&#8217;s 8.2% expectation.
However, his main concern is the overall low growth trajectory despite new products, portfolio additions, and ongoing go-to-market challenges.
The market seeks visibility toward double-digit growth, but Liani&#8217;s analysis indicates this is likely for 2025 with a substantial surge in appliance revenue.
The analyst noted limited further upside, with the stock up 37% over the last 12 months and trading at 15 times forward EV/FCF with mid-single-digit growth.
He adjusted our estimates and lowered his price target, now based on 16 times the 2026E EV/FCF multiple, down from 18 times for 2025.
Infinity now contributes 15% of total revenue, supporting some long-term growth resilience, Liani said.
Management noted weakness in Europe but expected billings recovery in the fourth quarter, projecting 7.1% growth. Despite substantial investment in product updates, such as the Harmony, Infinity, and Quantum lines, and go-to-market efforts, overall growth remains limited to mid-single digits, the analyst flagged.
This modest trajectory constrains stock upside until the outlook improves, as per Liani.
Checkpoint&#8217;s revenue splits into product, subscription, and maintenance. In 2025, the analyst expects maintenance revenue to accelerate from ~2% to 3.5% year-over-year, thanks to Infinity-related professional services.
Subscription revenue slowed to 11.5% year-over-year in the third quarter, under the Street&#8217;s 13.0%, while product revenue rebounded 4.1% after last year&#8217;s declines.
To achieve 10% total revenue growth in 2025, product revenue would need to jump from 4% to 20%, which appears infeasible in the current competitive landscape, as per Liani. He instead modeled 1.6% product growth and 5.6% total revenue growth for 2025.
Price Action: CHKP stock closed down by 2.24% to $173.89 on Wednesday.
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</ul>

Analyst Color

Downgrades

Price Target

Analyst Ratings

Tech

Check Point's Slowing Growth Despite New Products Prompts Analyst Downgrade

RBC Capital analyst Matthew Hedberg reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Sector Perform and maintains $187 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Check Point Software, Maintains $187 Price Target

Evercore ISI Group analyst Peter Levine maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a In-Line and raises the price target from $180 to $185.

Evercore ISI Group Maintains In-Line on Check Point Software, Raises Price Target to $185

BMO Capital analyst Keith Bachman reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Market Perform and lowers the price target from $238 to $215.

BMO Capital Reiterates Market Perform on Check Point Software, Lowers Price Target to $215

B of A Securities analyst Tal Liani downgrades Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) from Buy to Neutral and lowers the price target from $205 to $195.

B of A Securities Downgrades Check Point Software to Neutral, Lowers Price Target to $195

Needham analyst Matt Dezort reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Hold.

Needham Reiterates Hold on Check Point Software

Baird analyst Shrenik Kothari maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Neutral and lowers the price target from $210 to $205.

Baird Maintains Neutral on Check Point Software, Lowers Price Target to $205

High-rolling investors have positioned themselves bearish on Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CHKP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Check Point Software. This is not a typical pattern.
The sentiment among these major traders is split, with 0% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $43,736, and 7 calls, totaling $671,700.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $250.0 for Check Point Software, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Check Point Software's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Check Point Software's significant trades, within a strike price range of $135.0 to $250.0, over the past month.
<h3>Check Point Software 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730221228_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$30.4</td>
<td>$29.2</td>
<td>$29.2</td>
<td>$150.00</td>
<td>$195.6K</td>
<td>312</td>
<td>67</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$30.1</td>
<td>$28.4</td>
<td>$29.0</td>
<td>$150.00</td>
<td>$145.0K</td>
<td>312</td>
<td>117</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$10.7</td>
<td>$9.5</td>
<td>$10.2</td>
<td>$170.00</td>
<td>$101.9K</td>
<td>226</td>
<td>103</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$46.9</td>
<td>$42.9</td>
<td>$45.0</td>
<td>$135.00</td>
<td>$72.0K</td>
<td>27</td>
<td>16</td>
</tr>
<tr>
<td>CHKP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$0.75</td>
<td>$0.55</td>
<td>$0.55</td>
<td>$250.00</td>
<td>$66.0K</td>
<td>3.0K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Check Point Software</h3>
Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.
Having examined the options trading patterns of Check Point Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Check Point Software Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,838,673, the CHKP's price is down by -12.53%, now at $181.9. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>Expert Opinions on Check Point Software</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $221.6.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Check Point Software, targeting a price of $210. 
&#x2A; Maintaining their stance, an analyst from Baird continues to hold a Neutral rating for Check Point Software, targeting a price of $210. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Check Point Software with a target price of $238. 
&#x2A; An analyst from Truist Securities has decided to maintain their Buy rating on Check Point Software, which currently sits at a price target of $220. 
&#x2A; An analyst from Wedbush persists with their Outperform rating on Check Point Software, maintaining a target price of $230. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Check Point Software options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Looking At Check Point Software's Recent Unusual Options Activity

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
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<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
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Pre-Market Outlook

AMKR

CROX

HLIT

TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>)&nbsp;reported fiscal third-quarter revenue growth of 7% year-on-year to $635.10 million, marginally missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41593783/check-point-software-reports-2024-third-quarter-financial-results" rel="noreferrer noopener">analyst consensus estimate of $635.14 million</a>.&nbsp;
The American-Israeli enterprise security solution&nbsp;provider&#8217;s&nbsp;adjusted EPS of $2.25 was in line with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate</a>.
Revenue from&nbsp;Products&nbsp;and licenses grew by 4.1% to $118.9 million,&nbsp;Security&nbsp;subscriptions increased 11.5% year over year to $276.9 million, and&nbsp;Software&nbsp;updates and maintenance rose 2.4% year over year to $239.3 million.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41582312/apples-introduces-imac-m4-chip-brings-faster-speeds-and-smarter-ai-features" rel="noreferrer noopener">Apple Unveils New iMac: M4 Chip Brings Faster Speeds and Smarter AI Features</a>
Margin: Adjusted operating margin declined to 43% from 45% the prior year.&nbsp;The operating margin declined to 34% from 38% a year ago as operating expenses surged by 12.5% Y/Y.
The company generated $248.9 million in operating cash flow, compared to $222.3 million a year ago, and held $2.87 billion in cash and equivalents as of September-end.
&#8220;Check Point delivered great third quarter financial results that were bolstered by double-digit Infinity Platform growth. This success is underscored by double-digit revenue growth in Harmony Email and Infinity Global Services,&#8221; said Gil Shwed, Check Point founder and CEO. &#8220;We expanded our offerings into the Security Operation Center (SOC) market with the Cyberint acquisition that delivers proactive, AI powered threat intelligence and exposure management.&#8221;
Check Point Software Technologies stock gained 37% year-to-date.
Price Action: CHKP shares traded lower by 7.69% at $191.96 premarket at the last check Tuesday.
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</ul>

Earnings

Equities

Check Point Q3 Earnings: Security Subscriptions Revenue Soars 11.5%, But Margins Slip As Expenses Rise

Check Point Software Technologies shares are trading lower after the company reported worse-than-expected Q3 sales results.

Earnings Misses

Check Point Software Q3 2024 Adj. EPS $2.25, Inline, Sales $635.100M Miss $635.141M Estimate

JP Morgan analyst Brian Essex maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Neutral and raises the price target from $180 to $210.

JP Morgan Maintains Neutral on Check Point Software, Raises Price Target to $210

BMO Capital analyst Keith Bachman maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Market Perform and raises the price target from $200 to $238.

BMO Capital Maintains Market Perform on Check Point Software, Raises Price Target to $238

Truist Securities analyst Joel Fishbein maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Buy and raises the price target from $200 to $220.

Truist Securities Maintains Buy on Check Point Software, Raises Price Target to $220

The U.S. Securities and Exchange Commission (SEC) charged four major companies — Unisys Corp.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UIS#NYSE">UIS</a>), Avaya Holdings Corp., Check Point Software Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) and Mimecast — with making materially misleading public disclosures related to <a href="https://www.benzinga.com/topic/cybersecurity">cybersecurity risks and breaches</a>.
SEC argued these four companies downplayed the seriousness of the SolarWinds Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) Orion software supply chain attack in their filings, potentially misleading investors about the true impact of the breaches.
"As today's enforcement actions reflect, while public companies may become targets of cyberattacks, it is incumbent upon them to not further victimize their shareholders or other members of the investing public by providing misleading disclosures about the cybersecurity incidents they have encountered,"<a href="https://www.sec.gov/newsroom/press-releases/2024-174"> said</a> Sanjay Wadhwa, acting director of the SEC's Division of Enforcement.
Unisys, a major IT services provider, was hit with an additional charge for failing to implement proper disclosure controls and procedures. The company will pay a $4 million civil penalty, the highest among the four.
The SEC found that Unisys described cybersecurity risks as hypothetical in its public disclosures despite knowing that two SolarWinds-related breaches occurred, resulting in the exfiltration of gigabytes of data. According to the SEC, Unisys&#8217; disclosures were "materially misleading" partly due to its deficient internal controls.
Other fines include $1 million for Avaya, $995,000 for Check Point and $990,000 for Mimecast.
Avaya, a telecommunications firm, claimed the SolarWinds hackers accessed only a "limited number of email messages," while SEC findings revealed the cybercriminals accessed at least 145 files in Avaya's cloud file-sharing environment.
Check Point, an Israeli cybersecurity firm, allegedly minimized the breach by using vague descriptions of the cyber intrusions and their potential risks.
Mimecast, which specializes in cloud email and data security, was found to have underreported the extent of the attack by failing to disclose the type of code exfiltrated and the number of encrypted credentials compromised.
The SolarWinds hack was a major cyberattack in 2020, during which Russian state-sponsored hackers inserted malicious code into SolarWinds' Orion software. This &#8220;Sunburst&#8221; malicious code provided attackers with remote access to the systems of thousands of organizations, including private-sector firms such as Microsoft and FireEye and major U.S. government departments such as Homeland Security and Treasury.
Although the companies have not admitted to or denied the SEC&#8217;s findings, they have agreed to pay the fines and take corrective measures to strengthen their cybersecurity practices.
The SEC filed a lawsuit in October 2023, but this July U.S. District Judge Paul Engelmayer dismissed most of the accusations against SolarWinds, ruling that claims of defrauding investors were speculative.
Read Next:<a href="https://www.benzinga.com/news/large-cap/24/10/41465485/openai-appoints-former-uber-exec-as-compliance-officer-to-oversee-regulatory-issues"> </a> • <a href="https://www.benzinga.com/news/large-cap/24/10/41465485/openai-appoints-former-uber-exec-as-compliance-officer-to-oversee-regulatory-issues">OpenAI Appoints Former Uber Exec As Compliance Officer To Oversee Regulatory Issues</a>

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Global

SEC Charges Four Companies Over SolarWinds Hacks, Issues Millions In Penalties

<a href="https://www.sec.gov/newsroom/press-releases/2024-174#:~:text=The%20Securities%20and%20Exchange%20Commission,regarding%20cybersecurity%20risks%20and%20intrusions" title="https://www.sec.gov/newsroom/press-releases/2024-174#:~:text=The%20Securities%20and%20Exchange%20Commission,regarding%20cybersecurity%20risks%20and%20intrusions">https://www.sec.gov/newsroom/press-releases/2024-174#:~:text=The%20Securities%20and%20Exchange%20Commission,regarding%20cybersecurity%20risks%20and%20intrusions</a>.

SEC Charges Unisys, Avaya, Check Point, And Mimecast For Misleading Cybersecurity Disclosures; Unisys Faces Additional Controls Violations Charge; Companies To Pay Civil Penalties Of $4M, $1M, $995K, And $990K Respectively

Baird analyst Shrenik Kothari maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Neutral and raises the price target from $200 to $210.

Baird Maintains Neutral on Check Point Software, Raises Price Target to $210

The recent rise in data breaches emphasizes the demand for strong protection, presenting an opportune moment for investors to explore fundamentally solid cybersecurity stocks like Check Point Software Technologies (CHKP), Trend Micro (TMICY), and Radware (RDWR). Read on for more details... As digital threats rise, cybersecurity is becoming more essential than ever. In this dynamic environment, investors might find it prudent to monitor quality cybersecurity stocks like Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>), and Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>). 
Cybersecurity is vital for both businesses and national security, as securing cloud infrastructure and IT systems is essential for daily operations and defense against cyber threats. According to Statista, the global cybersecurity market is expected to reach $185.70 billion, exhibiting a <a href="https://www.statista.com/outlook/tmo/cybersecurity/worldwide">CAGR of 7.9%</a>.
The recent <a href="https://edition.cnn.com/2024/07/24/tech/crowdstrike-outage-cost-cause/index.html">software malfunction</a> at CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>) caused a widespread tech outage, leaving millions of Windows users locked out of their devices. This incident underscores the growing demand for more sophisticated cybersecurity measures. The increasing threat of cybercrime has made governments and organizations invest billions in beefing up digital security.
As a result, the Biden-Harris administration has <a href="https://federalnewsnetwork.com/budget/2024/03/biden-budget-request-includes-13b-for-cybersecurity-continuing-upward-trend/?readmore=1">proposed $13 billion in cybersecurity funding</a> across civilian departments and agencies. The fiscal 2025 proposal also directs $3 billion to the Cybersecurity and Infrastructure Security Agency (CISA), reflecting a $103 million increase over its current budget.
With that in mind, let's analyze the fundamentals of the above-mentioned three <a href="https://stocknews.com/category/software-security/">Software – Security</a> stocks, beginning with #3.
Stock #3: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>) 
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security globally. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On October 1, CHKP announced the completion of its acquisition of Cyberint Technologies Ltd., a highly innovative provider of external risk management solutions. This acquisition is likely to boost the company's competitive edge and improve stock performance.
On September 2, CHKP announced the release of its innovative Portal designed for managed security service providers (MSSPs) and distributors. The newly unveiled platform significantly simplifies service delivery and increases the ease of doing business with the company.
In the fiscal second quarter that ended June 30, 2024, CHKP's total revenues stood at $627.40 million, up 6.6% year-over-year. The company's non-GAAP net income and earnings per share increased 3.2% and 8.5% over the prior-year quarter to $246 million and $2.17, respectively.
Analysts expect Check Point's EPS and revenue for the quarter ended September 30, 2024, to increase 8.8% and 6.5% year-over-year to $2.25 and $635.12 million, respectively. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
CHKP shares have surged 52.5% and 34.4% year-to-date over the past year to close the last trading session at $205.28.
CHKP's <a href="https://stocknews.com/powr-ratings/">POWR Rating</a>s reflects its robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
CHKP has an A grade in Quality and is ranked #5 out of 22 stocks in the <a href="https://stocknews.com/category/software-security/">Software Security</a> industry.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional CHKP ratings for Stability, Growth, Sentiment, Value, and Momentum.
Stock #2: Trend Micro Incorporated (<a href="https://stocknews.com/stock/TMICY/">TMICY</a>) 
Based in Tokyo, Japan, TMICY specializes in development and sale of computer security products and services. The company's product offering includes personal computer (PC) clients, local area network (LAN) servers, Internet servers, and more.
On August 7, the company launched a new solution, which was included in TMICY's Vision One&#x2122; Sovereign Private Cloud — powered by NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) NIM microservices, part of the NVDA AI Enterprise software platform. This would allow organizations to boost the potential of the AI era while maintaining business resilience.
On August 6, TMICY announced its partnership with GMI Cloud, a leading AI-native GPU cloud provider known for its vertically integrated platform optimized for Artificial Intelligence (AI) and Machine Learning (ML) workloads.
TMICY's <a href="https://www.investopedia.com/terms/n/netsales.asp">net sales</a> for the six months that ended June 30, 2024, stood at ¥134.53 billion ($913.56 million), up 12.5% over the prior-year quarter. Its operating income increased 34.4% year-over-year to ¥24.44 billion ($165.93 million). In addition, net income attributable to owners of the parent rose 50.9% from the prior year quarter to ¥17.90 billion ($121.52 million).
Analysts expect TMICY's revenue for the fiscal third quarter (ending September 2024) to increase 9.9% year-over-year to $465.67 million. Its EPS for the same quarter is expected to register a robust growth of 907.1% from the previous year's period, settling at $0.50. Plus, the company has surpassed its consensus revenue estimates in three of four trailing quarters.
TMICY's stock has gained 44.8% over the past year and 17.9% over the past three months, closing the last trading session at $53.63.
It's no surprise that TMICY has an overall rating of A, equating to a Strong Buy in our POWR Ratings system.
The stock also has a B grade for Stability and Quality. It is ranked #2 out of 22 stocks in the same industry.
Beyond what is stated above, we've also rated TMICY for Growth, Value, Momentum, and Sentiment. Get all TMICY ratings <a href="https://stocknews.com/stock/TMICY/">here</a>.
Stock #1: Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>) 
Headquartered in Tel Aviv, Israel, RDWR and its subsidiaries develop, manufacture, and market cybersecurity and application delivery solutions for cloud, on-premises, and software-defined data centers worldwide. The company operates in two segments: Radware's Core Business and The Hawks' Business.
On October 3, 2024, RDWR introduced a new Threat Intelligence Service that is aimed at enhancing threat detection for security operation teams.
During the fiscal second quarter that ended June 30, 2024, RDWR's revenues rose 2.5% year-over-year to $67.28 million. Its non-GAAP gross profit increased 2.4% year-over-year to $55.29 million. Its non-GAAP operating income grew 224.9% from the year-ago value to $6.28 million. In addition, the company's non-GAAP net income and EPS came in at $8.79 million and $0.20, up 94% and 100% over the prior-year quarter, respectively.
For the quarter ended June 30, 2024, RDWR's revenue is expected to increase 11% year-over-year to $68.36 million. Its EPS for the same quarter is expected to increase 183.2% year-over-year to $0.20. It surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past year, the stock has gained 45.9% to close the last trading session at $23.26.
RDWR's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Growth and Sentiment. It is ranked #1 in the same industry.
To see RDWR's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/RDWR/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CHKP shares were unchanged in premarket trading Tuesday. Year-to-date, CHKP has gained 34.35%, versus a 23.95% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/chkp-tmicy-rdwr-3-cybersecurity-stocks-to-buy-as-digital-threats-multiply/>3 Cybersecurity Stocks to Buy as Digital Threats Multiply</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks to Buy as Digital Threats Multiply

As cyber threats intensify, investments from governments and organizations to bolster cybersecurity across all sectors have fueled the market's expansion. This growth opens doors for investors to consider fundamentally strong cybersecurity stocks, Check Point (CHKP), OneSpan (OSPN), and Radware (RDWR), which present opportunities to benefit from the industry's promising trajectory. Read more… As businesses are transitioning to cloud software and internet-based services and software for their day-to-day operations, the need for cybersecurity is now more than ever. With increasing cyber-attacks worldwide, government initiatives have been placed to counteract the losses, proving the unquestionable need to strengthen cybersecurity.
Amid this backdrop, investors could scoop up shares of fundamentally stable cybersecurity stocks, Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>), and Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>) to secure their portfolio's future.
Data breaches, cyber-attacks, and ransomware incidents have been steadily increasing. With widespread internet connectivity, attackers have relentlessly inflicted millions of dollars in losses for organizations. Small businesses are a primary target, <a href="https://www.embroker.com/blog/cyber-attack-statistics/">with 41% of them</a> having faced a cyber threat, making cybersecurity essential for businesses of all sizes.
The United States has been especially impacted, experiencing 59% of all ransomware attacks worldwide. This makes the United States the region most affected by such attacks. The severity of the situation calls for robust cybersecurity measures to protect against these ongoing threats and safeguard national interests.
To combat this rise in cyber-attacks, the government has stepped in to mitigate the damage. For fiscal year 2025, the U.S. government has <a href="https://industrialcyber.co/critical-infrastructure/us-federal-budget-for-fy-2025-boosts-cybersecurity-investments-amid-escalating-threats/">proposed $13 billion</a> in funding across civilian departments and agencies, including a $3 billion allocation for the Cybersecurity and Infrastructure Security Agency (CISA), an increase of $103 million from last year.
The need for stronger cybersecurity is urgent. With investments pouring in from both organizations and the government, the cybersecurity market is thriving. A study by Fortune Business Insights projects that the global cybersecurity market will reach $562.72 billion by 2032, with <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">a CAGR of 14.3%</a>.
Now let us dive deep into the fundamentals of three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stocks, starting with #3.
Stock #3: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP is involved in developing, marketing and supporting products and services for IT security globally. Its offerings include multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions.
On October 1, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-completes-cyberint-acquisition/">announced the completion of acquisition</a> of Cyberint Technologies Ltd., a provider of external risk management solutions. With this acquisition, CHKP can benefit by expanding its threat prevention capabilities of the Infinity platform, enhancing the company's market reach, and enabling stable growth prospects.
On September 2, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-unveils-new-mssp-portal-for-partners-vastly-simplifying-service-delivery-and-ease-of-doing-business/">announced the unveiling</a> of its innovative portal designed for both managed security service providers (MSSPs) and distributors. With an increasing MSSP market, this new platform can increase the ease of doing business with the company and enhance its revenue streams.
For the fiscal 2024 third quarter that ended on September 30, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. Its non-GAAP operating income grew 1.9% from the prior year's quarter to $274 million.
Additionally, the company's non-GAAP net income and non-GAAP EPS rose 5.4% and 8.7% from its year-ago values to $255.40 and $2.25, respectively.
Analysts expect CHKP's revenue for the fiscal fourth quarter (ending December 2024) to increase 5.3% year-over-year to $698.43 million. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> is expected to grow 3.3% from the prior year's period to $2.65. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of CHKP have surged 12.6% over the past six months and 24.3% over the past year to close the last trading session at $170.18.
CHKP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
CHKP has an A grade for Quality. It is ranked #4 out of 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
To check the stock's ratings for Growth, Value, Sentiment, Momentum, and Stability, <a href="https://stocknews.com/stock/CHKP/">click here</a>.
Stock #2: OneSpan Inc. (<a href="https://stocknews.com/stock/OSPN/">OSPN</a>)
OSPN engages in designing, developing, and marketing digital solutions for identity, authentication, and secure digital agreements globally. Its offerings include OneSpan Sign, OneSpan Cloud Authentication, OneSpan Identity Verification, Mobile Security Suite, Digipass Authenticators etc.
On November 4, OSPN <a href="https://investors.onespan.com/news-releases/news-release-details/onespans-cloud-native-guidewire-integration-drive-cloud-adoption">announced the availability</a> of its new Ready for Guidewire integrations in the Guidewire marketplace to drive cloud adoption within the P&amp;C sector. This new release will allow P&amp;C insurance carriers to launch faster with less complexity and operational burden while also paving the way toward its transition to the cloud.
On June 11, OSPN <a href="https://investors.onespan.com/news-releases/news-release-details/onespan-announces-integration-platform-esignatures">announced the launch</a> of the OneSpan Integration Platform, a platform that helps businesses to integrate eSignatures into well-known applications more efficiently.
As eSignatures are becoming the norm for more and more businesses worldwide, this new launch will enhance the company's growth prospects by creating a significant market share.
For the fiscal 2024 third quarter that ended on September 30, OSPN's total revenue came in at $56.24 million. Its adjusted EBITDA increased 165.3% year-over-year to $16.73 million. Moreover, the company's non-GAAP net income and non-GAAP net income per share grew 266.1% and 266.7%, respectively, from the prior year's quarter to $13.10 million and $0.33.
Street expects OSPN's revenue and EPS for the fiscal year ending December 2025 to grow 3.4% and 3.1% year-over-year to $248.33 million and $1.34, respectively. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
OSPN's shares have surged 34.6% over the past six months and 98.3% over the past year to close the last trading session at $16.68.
OSPN's solid prospects are projected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
OSPN has an A grade for Value and a B for Growth and Quality. It is ranked #2 within the same industry.
<a href="https://stocknews.com/stock/OSPN/">Click here</a> to see OSPN's ratings for Momentum, Sentiment, and Stability.
Stock #1: Radware Ltd. (<a href="https://stocknews.com/stock/RDWR/">RDWR</a>) 
Based in Tel Aviv, Israel, RDWR is engaged in developing, manufacturing and marketing cyber security and application delivery solutions for cloud, on-premises, and software defined data centers. Its two operational segments are: Radware's Core Business and The Hawks' Business.
On October 3, RDWR <a href="https://www.radware.com/newsevents/pressreleases/2024/radware-expands-its-cloud-security-offering-with-a-new-threat-intelligence-service/">announced the introduction</a> of a new Threat Intelligence Service made to help security operation center (SOC) teams, threat researchers, and incident responders increase threat detection, identify compromised systems, and ultimately lower mean time to response.
With developments in intelligent security software worldwide, this new release by the company will enhance the company's market share in the cybersecurity market and offer better growth prospects.
On September 18, RDWR <a href="https://www.radware.com/newsevents/pressreleases/2024/radware-expands-always-on-hybrid-ddos-protection/">announced the closing</a> of a multi-million-dollar expansion deal with a leading European stock exchange to include its Radware DDoS Protection Services and DefensePro&#xAE; X and Cyber Controller as well as its Emergency Response Team (ERT) managed services.
With this expansion agreement, RDWR is proving to be a cybersecurity giant worldwide and gaining a significant number of customers and enhancing its growth.
For the fiscal 2024 third quarter that ended on September 30, RDWR's revenues increased 12.8% year-over-year to $69.49 million. Its non-GAAP gross profit grew 14.5% from its year-ago value to $57.17 million.
Additionally, the company's non-GAAP net income and non-GAAP net earnings per share rose 256.9% and 228.6% from the prior year's quarter to $10.21 million and $0.23, respectively.
The consensus revenue estimate of $71.36 million for the fiscal fourth quarter (ending December 2024) reflects a year-over-year rise of 9.7%. Its EPS for the same period is expected to increase 82.1% from the prior year's period to $0.24. The company also surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
RDWR's stock has surged 28.4% over the past six months and 45.3% over the past year to close the last trading session at $21.63.
RDWR's POWR Ratings reflect its strong outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
RDWR has an A grade for Quality and Growth and a B for Sentiment. It has topped the 20-stock Software - Security industry.
To check RDWR's Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/RDWR/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CHKP shares were unchanged in premarket trading Tuesday. Year-to-date, CHKP has gained 11.38%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/chkp-rdwr-ospn-3-cybersecurity-stocks-protecting-your-portfolios-future/>3 Cybersecurity Stocks Protecting Your Portfolio's Future</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks Protecting Your Portfolio's Future

Qualys surges on strong quarter, but will results continue?

CyberArk's strong results leads cybersecurity stocks higher

With increasing cyber threats, the widespread availability and popularity of cybersecurity have also been on the rise. To capitalize on this trend, investors could consider buying fundamentally stable cybersecurity stocks, Rapid7 (RPD), Check Point (CHKP), and Fortinet (FTNT). Read on… As cloud software soars in popularity, driven by efficiency, ease of access, and remote work trends, the cybersecurity market is booming. With cyber threats on the rise, governments are also stepping in with initiatives to protect businesses, making strong cybersecurity measures an urgent priority for the future.
Considering this surge in cybersecurity demand, investors could grab shares of fundamentally stable cybersecurity stocks, Rapid7, Inc. (<a href="https://stocknews.com/stock/RPD/">RPD</a>), Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>), and Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>). These companies are well-positioned to capitalize on the growing need for robust cybersecurity solutions.
Cyber threats have been on a steep rise since the dawn of cloud-computing. Data breaches, phishing, ransomware attacks are becoming quite a common scene for most businesses. However, small businesses have become the primary target due to their little to no cyber-protection.
In fact, <a href="https://www.embroker.com/blog/cyber-attack-statistics/">more than 40%</a> of small businesses have fallen victim to some form of cyber attack. The United States is a major hotspot, accounting for 59% of all ransomware attacks globally.
The severe nature of this problem calls for strong security measures to protect businesses and regular consumers alike. The urgency of the situation has not gone unnoticed, with the U.S. government acknowledging the growing risks and taking action to address the increasing threat landscape.
For fiscal year 2025, the federal budget allocates $13 billion in cybersecurity funding across civilian departments and agencies. In addition, the Cybersecurity and Infrastructure Security Agency (CISA) receives an additional $103 million, bringing its total funding to $3 billion to enhance cyberspace resilience and defense.
Owing to the worldwide rise of cybersecurity, a study by Fortune Business Insights projects that the global cybersecurity market will reach $562.72 billion by 2032, growing at a <a href="https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165">CAGR of 14.3%</a>.
Now, let us dive deep into the fundamentals of three cybersecurity stocks, starting with #3.
Stock #3: Rapid7, Inc. (<a href="https://stocknews.com/stock/RPD/">RPD</a>)
RPD is a global cybersecurity software and services provider that combines information security, cloud operations, development, and IT teams to understand attackers and control their attack surface. The company's flagship product is called Rapid7 Managed Threat Complete (MTC).
On November 18, RPD <a href="https://investors.rapid7.com/news/news-details/2024/Rapid7s-Managed-Extended-Detection-and-Response-MXDR-adds-coverage-for-Microsoft-Security-Telemetry/default.aspx">announced the expansion</a> of its Managed Extended Detection and Response (MXDR) service to provide comprehensive threat detection, investigation, and response across core Microsoft security tools. This move could enhance RPD's service offerings and strengthen its position in the cybersecurity market.
On September 17, RPD <a href="https://investors.rapid7.com/news/news-details/2024/Rapid7-Introduces-Vector-Command-A-Continuous-Red-Team-Managed-Service/default.aspx">announced the availability</a> of Vector Command, a fully-managed offensive security service. With the demand for security services going through the roof, the new release could place the company in a leading market position and gather widespread popularity.
For the fiscal 2024 third quarter that ended September 30, RPD's total revenue increased 8% year-over-year to $214.65 million. Its non-GAAP gross profit rose 7.2% from the year-ago value to $159.05 million. Plus, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> grew 16.7% from the previous year's quarter to $50.08 million.
Additionally, RPD's non-GAAP net income and non-GAAP net income per share grew 40.5% and 32% year-over-year to $47.76 million and $0.66, respectively.
Analysts expect RPD's revenue and EPS for the fiscal year ending December 2024 to increase 8% and 50.7% year-over-year to $840.04 million and $2.29, respectively. The company topped the consensus revenue and EPS estimates in all of the four trailing quarters, which is impressive.
Shares of RPD have surged 4.7% over the past three months to close the last trading session at $39.33.
RPD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
RPD has a B grade for Value. It is ranked #8 out of 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software – Security</a> industry.
In addition to the POWR Rating highlighted above, you can check RPD's ratings for Stability, Growth, Quality, Momentum, and Sentiment <a href="https://stocknews.com/stock/RPD/">here</a>.
Stock #2: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP offers IT security products and services to enterprises, service providers, small and medium-sized businesses, and consumers. The company's offerings include multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions.
On October 1, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-completes-cyberint-acquisition/">announced the completion of acquisition</a> of Cyberint Technologies Ltd., a provider of external risk management solutions. By integrating Cyberint's real-time exposure analysis into the Infinity Platform, CHKP could enhance its threat prevention capabilities, broaden market reach, and position itself for stable growth.
On September 2, CHKP <a href="https://www.checkpoint.com/press-releases/check-point-software-unveils-new-mssp-portal-for-partners-vastly-simplifying-service-delivery-and-ease-of-doing-business/">announced the unveiling</a> of its innovative portal designed for both managed security service providers (MSSPs) and distributors. With new releases catering to the rising MSSP market, CHKP is set to enhance its revenue streams and gather a leading market position.
For the fiscal third quarter that ended on September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million. Its non-GAAP operating income rose 1.9% from the year-ago value to $274 million.
In addition, the company's non-GAAP net income and non-GAAP EPS rose 5.4% and 8.7% from the prior year's quarter to $255.40 and $2.25, respectively.
Street expects CHKP's revenue and EPS for the fiscal fourth quarter (ending December 2024) to increase 5.3% and 3.3% year-over-year to $698.43 million and $2.65, respectively. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
CHKP's shares have surged 14.8% over the past six months and 21.9% over the past year to close the last trading session at $173.53.
CHKP's positive fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
CHKP has an A grade for Quality. Within the Software - Security industry, it is ranked #7 out of 20 stocks.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access CHKP's ratings for Stability, Value, Momentum, Growth, and Sentiment.
Stock #1: Fortinet, Inc. (<a href="https://stocknews.com/stock/FTNT/">FTNT</a>)
FTNT offers an integrated platform called the Fortinet Security Fabric, which includes networking, unified Secure Access Service Edge (SASE), and AI-driven security operations. It caters to various industries, including financial services, retail, government organizations, small and medium-sized businesses, and more.
On November 15, FTNT <a href="https://investor.fortinet.com/news-releases/news-release-details/fortinet-expands-global-presence-new-company-owned-innovation">announced the opening</a> of its new innovation hub in Atlanta, Georgia. With this new opening, FTNT would contribute towards job growth and development in the region while enhancing its market presence and supporting the company's long-term growth and innovation goals.
On November 7, FTNT <a href="https://investor.fortinet.com/news-releases/news-release-details/fortinet-continues-expand-generative-ai-across-its-portfolio-two">announced the expansion</a> of generative AI (GenAI) capabilities across its product portfolio with the launch of two new integrations with FortiAI, its AI-powered security assistant that uses GenAI to guide, simplify, and automate security analyst activities.
With this release, FTNT is poised to be at the forefront of the AI-powered security rush and enhance its overall growth prospects.
For the fiscal 2024 third quarter that ended September 30, FTNT's total revenue increased 13% year-over-year to $1.51 billion. Its non-GAAP operating income rose 46.7% from the year-ago value to $544.70 million.
Plus, the company's non-GAAP net income and non-GAAP net income per share grew 50.7% and 53.7% from the prior year's quarter to $487.60 million and $0.63, respectively.
The consensus revenue and EPS estimates of $1.60 billion and $0.61 for the fiscal fourth quarter ending December 2024 exhibit a year-over-year rise of 12.7% and 19%, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in each of the four trailing quarters.
Shares of FTNT have gained 34.2% over the past nine months and 79.2% over the past year, closing the last trading session at $91.88.
FTNT's bright prospects are projected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
FTNT has an A grade for Sentiment and Quality. It is ranked #6 out of 20 stocks within the same industry.
<a href="https://stocknews.com/stock/FTNT/">Click here</a> to access FTNT's ratings for Stability, Growth, Value, and Momentum.
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<hr />
FTNT shares were unchanged in premarket trading Tuesday. Year-to-date, FTNT has gained 56.98%, versus a 24.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ftnt-chkp-rpd-3-cybersecurity-stocks-protecting-the-digital-world/>3 Cybersecurity Stocks Protecting the Digital World</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cybersecurity Stocks Protecting the Digital World

Scotiabank analyst Patrick Colville maintained a Buy rating on Check Point (CHKP – Research Report) today and set a price target of $200.00. The co...

Scotiabank Keeps Their Buy Rating on Check Point (CHKP)

Palo Alto dips, but analysts stay bullish after 'strong' Q1, billings 'miss'

The cloud security sector is thriving, given the rising cyber threat concerns, demand for the latest technologies, and solid segment spending. Thus, quality cloud security stocks CrowdStrike Holdings (CRWD), Zscaler (ZS), and Check Point Software Technologies (CHKP) could be solid watchlist additions. Read more... With the transition from traditional practices to the latest technologies, rapidly growing demand, and increasing security concerns, the growth prospects of the cloud security market seem bright and lucrative.
Given this backdrop, investors could consider fundamentally robust cloud security stocks CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>), Zscaler, Inc. (<a href="https://stocknews.com/stock/ZS/">ZS</a>), and Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>) for substantial returns.
Amidst the rising concerns of cybersecurity, increasing incidents of cyber threats, and organizations prioritizing data protection through the latest technologies, the cloud security market is experiencing robust growth. Also, supporting trends like the adoption of multi- and hybrid cloud environments, integration of artificial intelligence (AI), and the Internet of Things (IoT) are fueling the market.
Gartner projects worldwide IT spending to rise 9.3% in 2025, where <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-23-gartner-forecasts-worldwide-it-spending-to-grow-nine-point-three-percent-in-2025">spending on software will increase by 14%</a> to $1.24 trillion, compared to an 11.7% rise in 2024, indicating robust trends. Further, a recent survey by Statista revealed that nearly 60% of organizations expect their <a href="https://www.statista.com/statistics/1536053/cloud-security-budget-trends-worldwide/">cloud security budget</a> to increase strongly in the next 12 months.
Rising dependency on cloud security services among organizations has grown significantly owing to its reliability, easy access, and effective risk mitigation solutions. With this, the cloud security software market is expected to reach around $102.59 billion by 2029, expanding at a notable <a href="https://www.mordorintelligence.com/industry-reports/global-cloud-security-software-market-industry">CAGR of 17.6%</a> driven by increasing adoption and efficiency.
Given the industry's robust outlook, let's examine the fundamentals of the three <a href="https://stocknews.com/category/software-security/">Software - Security</a> stock picks, starting with the third choice.
Stock #3: CrowdStrike Holdings, Inc. (<a href="https://stocknews.com/stock/CRWD/">CRWD</a>)
CRWD is a global cybersecurity solutions provider. The company's unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. It provides corporate endpoint and cloud workload security, managed security, security, and vulnerability management.
On November 7, CRWD expanded its distribution partnership with Ignition Technology, bringing the CrowdStrike Falcon&#xAE; cybersecurity platform to Ignition's partner base in Ireland. After success in the UK and Nordics, the companies continued their partnership to drive cybersecurity transformation in Ireland and stop breaches with unified AI-native protection across the enterprise.
On the same date, CRWD launched CrowdStrike AI Red Team Services, reinstating its leadership in protecting the infrastructure, systems, and models driving the AI revolution. With CRWD's world-class threat intelligence and elite expertise, these specialized services proactively identify and help mitigate vulnerabilities in AI systems.
Amid new threats targeting AI applications, CRWD's elite services team will aid many customers and help organizations assess their AI security posture to defend against model tampering, data poisoning, and other AI-based threats.
Also, on November 6, CRWD announced the acquisition of Adaptive Shield, a leader in SaaS Security. With this acquisition, CRWD will become the only cybersecurity vendor to provide unified, end-to-end protection against identity-based attacks across the entire modern cloud ecosystem.
The acquisition will position it as the leading provider of comprehensive protection across complex hybrid environments.
For the second quarter that ended July 31, 2024, CRWD's <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 31.7% year-over-year to $963.87 million. Its non-GAAP income from operations grew 45.7% from the year-ago value to $226.79 million. Non-GAAP net income attributable to CrowdStrike was $260.76 million or $1.04 per share, up 44.9% and 40.5% from the prior year's period, respectively.
Furthermore, the company's free cash flow rose 44.3% year-over-year to $272.23 million.
The company provided guidance for the third quarter of fiscal 2025, projecting total revenue between $979.20 million and $984.70 million and non-GAAP income from operations expected between $166.70 million and $170.80 million. Also, non-GAAP net income attributable to CrowdStrike is expected to range from $201.20 million to $205.2 million and $0.80 - $0.81 per share.
For the full year, CRWD expects total revenue of $3.89 billion - $3.90 billion. Its non-GAAP income from operations is set to be $774.70 million - $783.90 million. The company's non-GAAP net income attributable to CrowdStrike is projected from $908.80 million to $918.0 million and $3.61 to $3.65 per share.
Street expects CRWD's revenue and EPS for the first quarter (ending April 2025) to increase 20.2% and 2.1% year-over-year to $1.11 billion and $0.95, respectively. Also, the company surpassed the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.
Shares of CRWD have gained 11% over the past month and 68.6% over the past year to close the last trading session at $350.15.
CRWD's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
CRWD has an A grade for Growth and a B for Quality. It is ranked #15 out of 20 stocks in the B-rated <a href="https://stocknews.com/category/software-security/">Software - Security</a> industry.
In addition to the POWR Ratings we've stated above, we also have CRWD ratings for Momentum, Value, Stability, and Sentiment. Get all CRWD ratings <a href="https://stocknews.com/stock/CRWD/">here</a>.
Stock #2: Zscaler, Inc. (<a href="https://stocknews.com/stock/ZS/">ZS</a>)
ZS operates as a global cloud security company. The company provides Zscaler Internet Access solution, which allows users, workloads, IoT, and OT devices to have secure access to externally managed applications. It also offers Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers and private or public clouds.
On November 12, ZS introduced the industry's first Zero Trust Segmentation solution to deliver a more secure, agile, and cost-effective means to connect users, devices, and workloads across and within globally distributed branches, factories, campuses, data centers, and public clouds.
The company's new solution prevents lateral movement from ransomware attacks, cutting firewall and infrastructure spending.
On October 15, ZS and Okta announced four new integrations created to accelerate their mutual customers' zero-trust transformation. With this end-to-end, context-aware security, the companies are helping customers reduce risk, improve the user experience, and enable cross-domain response through shared telemetry and threat intelligence.
During the fourth quarter that ended July 31, 2024, ZS' revenue increased 30.3% year-over-year to $592.87 million. Its non-GAAP gross profit rose 31% from the year-ago value to $481.04 million. The company's non-GAAP income from operations of $127.54 million reflects growth of 48.3% year-over-year.
Furthermore, the company's non-GAAP net income totaled $140.60 million and $0.88 per share, up 39.4% and 37.5% from the prior year's quarter, respectively.
As per its guidance for the first quarter of fiscal 2025, ZS projects revenue of $604 million to $606 million. It expects its non-GAAP income from operations to be $114 million - $116 million and its non-GAAP net income per share between $0.62 and $0.63.
Also, for the full year fiscal 2025, the company expects revenue of approximately $2.60 billion to $2.62 billion. Non-GAAP income from operations ranges from $530 million to $540 million. Its non-GAAP net income per share is set to be at $2.81 to $2.87.
For the first quarter ended October 2024, analysts expect ZS' revenue to increase 21.9% year-over-year to $605.61 million. For the fiscal year (ending July 2025), the company's revenue is expected to grow 20.5% year-over-year to $2.61 billion. Moreover, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
The stock has gained 5.3% over the past month and 11.3% over the past six months to close the last trading session at $200.94.
ZS' promising outlook is reflected in its POWR Ratings. The stock has a B grade for Growth and Sentiment. Within the same industry, ZS is ranked #14 of 20 stocks.
To access additional ratings of ZS for Momentum, Stability, Value, and Quality, <a href="https://stocknews.com/stock/ZS/">click here</a>.
Stock #1: Check Point Software Technologies Ltd. (<a href="https://stocknews.com/stock/CHKP/">CHKP</a>)
Headquartered in Tel Aviv, Israel, CHKP develops, markets, and supports a range of products and services for IT security worldwide. It offers a multilevel security architecture, cloud, network, mobile devices, endpoint information, and IOT solutions.
On November 20, CHKP unveiled the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform. The new R82 delivers new AI engines, post-quantum encryption, and accelerated DevOps with greater simplicity for data center operations. The new solution will prevent against zero-day threats and empower customers.
During the third quarter that ended September 30, 2024, CHKP's total revenues increased 6.5% year-over-year to $635.10 million, of which its security subscription revenues were up 11.5% year-over-year to $276.90 million. The company's non-GAAP operating income grew 1.9% from the year-ago value to $274 million.
Additionally, the company's non-GAAP net income and EPS came in at $255.40 million and $2.25, indicating increases of 5.4% and 8.7% from the prior year's quarter, respectively.
Analysts expect CHKP's revenue for the fourth quarter (ending December 2024) to increase 5.3% year-over-year to $698.43 million. The consensus EPS estimate of $2.65 indicates a 3.3% rise year-over-year. Further, the company topped the consensus revenue and EPS estimates in three of the trailing four quarters.
CHKP's stock has surged 16.4% over the past six months and 24.1% over the past year to close the last trading session at $176.83.
CHKP's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has an A grade for Quality. CHKP is ranked #7 out of 20 stocks in the B-rated Software - Security industry.
<a href="https://stocknews.com/stock/CHKP/">Click here</a> to access additional CHKP ratings (Growth, Sentiment, Value, Stability, and Momentum).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CRWD shares were trading at $354.18 per share on Thursday morning, up $4.03 (+1.15%). Year-to-date, CRWD has gained 38.72%, versus a 25.98% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/crwd-zs-chkp-3-cloud-security-stocks-every-investor-should-watch/>3 Cloud Security Stocks Every Investor Should Watch</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Cloud Security Stocks Every Investor Should Watch

CRWD

CYBR

FTNT

OSPN

PANW

QLYS

RDWR

TMICY

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Startups

CSCO

Cyber Startup Secures 7 Million Networks, 500 Million Connected Devices – SAM Seamless Network Protects Customers Of Verizon, Virgin Media, Orange And Bezeq

Press Releases

Check Point Software Recognized as a Visionary in Endpoint Security in 2024 Gartner Magic Quadrant for Endpoint Protection Platforms

Check Point Software to Announce Third Quarter FY2024 Financial Results on October 29, 2024

Check Point Software Completes Cyberint Acquisition

Check Point Software Named a Leader in Enterprise Firewall Solutions Evaluation, According to Independent Research Firm

Check Point Software Recognized by Forbes for Fifth Consecutive Year as World's Top Notch Cyber Security Employer

Check Point Software Reports 2024 Third Quarter Financial Results

Check Point Software Technologies Ltd. Shareholders Approve All 2024 Annual General Meeting Proposals

SolarEdge Announces Changes to the Board of Directors

General

Check Point Unveils New AI-Powered Network Security Innovations to Raise the Bar on Threat Prevention

Check Point Software is a Leader in GigaOm Cloud Radar: Paving the Way in Cloud Security Innovation, Delivering Advanced Threat Prevention and Scalability

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