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 November 12, 2024, CHKP stock price declined to $177.81 with 614,948 million shares trading.

CHKP has a beta of 0.70, meaning it tends to be less sensitive to market movements. CHKP has a correlation of 0.11 to the broad based SPY ETF.

CHKP has a market cap of $19.56 billion. This is considered a Large Cap stock.

Last quarter Check Point Software Technologies Ltd. - reported $635 million in Revenue and $2.25 earnings per share. This beat revenue expectation by $240,000 and met earnings estimates .

In the last 3 years, CHKP traded as high as $210.70 and as low as $107.54.

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

CHKP has underperformed the market in the last year with a price return of +25.2% while the SPY ETF gained +37.1%. CHKP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.6% and -14.5%, respectively, while the SPY returned +12.3% and +2.8%, respectively.

CHKP support price is $175.95 and resistance is $180.57 (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 shares will trade within this expected range on the day.