CHKP Stock Summary and Trading Ideas (Check Point Software Technologies Ltd. - | NASDAQ:CHKP)

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. - trades on the NASDAQ stock market under the symbol CHKP.

As of April 19, 2024, CHKP stock price declined to $157.95 with 629,267 million shares trading.

CHKP has a beta of 0.52, meaning it tends to be less sensitive to market movements. CHKP has a correlation of 0.16 to the broad based SPY ETF.

CHKP has a market cap of $20.98 billion. This is considered a Large Cap stock.

Last quarter Check Point Software Technologies Ltd. - reported $664 million in Revenue and $2.57 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.09.

In the last 3 years, CHKP stock traded as high as $168.82 and as low as $107.54.

The top ETF exchange traded funds that CHKP belongs to (by Net Assets): CIBR, IEFA, HACK, EFA, BUG.

CHKP has underperformed the market in the last year with a return of +19.1%, while the SPY ETF gained +21.2%. In the last 3 month period, CHKP fell short of the market, returning -0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks CHKP has outperformed the stock market by returning -2.9%, while SPY returned -3.5%.

CHKP support price is $156.47 and resistance is $160.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHKP stock will trade within this expected range on the day.