120.48 +0.14 (0.12%)
After hours: 4:06PM EST
|Bid||110.00 x 900|
|Ask||122.00 x 1000|
|Day's Range||119.85 - 121.57|
|52 Week Range||93.76 - 121.57|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||23.37|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||118.33|
AUSTIN, Texas and VIENNA, Austria, Feb. 19, 2019 -- Infocyte, a cybersecurity company focused on proactive threat detection and incident response, and Check Point® Software.
VIENNA, Austria, Feb. 18, 2019 -- CPX360 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has today announced.
CyberArk (NASDAQ:CYBR) spiked higher in Thursday trading on a solid quarterly report. The Israeli-based online security firm blew away earnings and revenue estimates and garnered a lot of attention for CyberArk stock.Source: Shutterstock While this will please investors who bought before the announcement, valuation and growth forecasts warrant caution in CyberArk stock. Although CYBR should move higher in the long-term, the move higher makes the short and medium term outlook uncertain. CyberArk Stock Beat EstimatesIn Q4, Cyberark reported non-GAAP earnings of 89 cents per share, 30 cents per share higher than analysts had anticipated. The company also doubled its net income over year-ago levels, when the company reported a profit of 41 cents per share. * 10 Hot Stocks Leading the Market's Blitz Higher Likewise, revenue also came in well ahead of estimates. CYBR brought in $109.1 million, $13.16 million more than expected. This represents a year-over-year increase of 35.7%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFull-year results also came in ahead of expectations. As with the quarterly results, annual net income came in 30 cents per share ahead of $1.76 per share consensus estimate. The company earned $2.06 per share, 77.6% higher than the $1.16 per share in non-GAAP earnings reported in 2017. Revenues of $343.2 million beat estimates by $13.3 million. They also rose 31% above 2017 levels.First quarter 2019 guidance also surprised to the upside. CyberArk expects between $91 million and $93 million. This would take net income somewhere between 39 cents and 42 cents per share.For fiscal 2019, analysts predict somewhere between $411 million and $415 million in revenue. This brings about a slight increase in income estimates. The company forecasts between $1.94 and $2.00 per share in earnings. Financial Metrics Imply a Temporary SetbackTraders took this news well, and CyberArk stock rose to $104.06 per share, an increase of 20.5% from Wednesday's close. Two weeks ago when the stock traded in the mid-$80s per share level, I described CYBR as expensive, but worth it.While this has pleased investors, I also see this as a time for caution, and a warning to look more closely at the numbers. Thursday's spike in CYBR stock takes the forward price-to-earnings (PE) ratio to almost 54. The high end of the company's earnings estimates comes to $2 per share. Investors should realize that if this happens, it will represent a slight decline in earnings for 2019.For this reason, I see a temporary pause or even a pullback happening. However, analysts still expect an average earnings growth rate of 33.2% per year over the next five years. Hence, I would expect an interruption, not a downtrend.As for CyberArk stock, I still see it as a buy on any pullback. Tech advances will make CyberArk and peers such as Check Point Software (NASDAQ:CHKP) and Palo Alto Networks (NASDAQ:PANW) at least as necessary as Symantec (NASDAQ:SYMC) was in the PC world.After all, its current applications, as well as the ones that will probably come from 5G, make CyberArk's software all the more important. However, valuations have become frothy. For those who want to take some profits, I see now as a good time. Concluding Thoughts on CyberArk stockCyberArk faces a bright long-term future amid an unclear near-term outlook. CYBR blew away earnings and revenue estimates for both Q4 and fiscal 2018. The company also raised guidance for both the next quarter and the upcoming fiscal year.This good news has the result of clarifying the long-term outlook while making the short-term more uncertain. Amid the good news, the outlook implies profit shrinkages for fiscal 2019. Although I think this amounts to a pause rather than a peak, it could make investors question the 54 forward PE ratio for now.I do not want to discourage those who wish to buy CyberArk. However, given the near-term outlook, I would urge investors to take profits now and buy later.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Blowout Earnings Aside, Lay off CyberArk Stock for Now appeared first on InvestorPlace.
SAN CARLOS, Calif., Feb. 13, 2019 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber-security solutions globally, has published its latest.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! The most recent earnings announcement Check PointRead More...
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MU(Continued from Prior Part)Company banking on subscription business to drive growthCheck Point Software Technologies (CHKP) is aiming to hit a revenue milestone of $2.0 billion in 2019.
Enterprise Update: SYMC, CHKP, PANW, SAP, QCOM, INTC, and MUNoviello to stay on until successor appointed Nicholas Noviello, Symantec’s (SYMC) CFO, has decided to step down from the position to pursue opportunities outside the cybersecurity
Check Point Software Technologies Ltd NASDAQ/NGS:CHKPView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for CHKP with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding CHKP totaled $1.99 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
LAS VEGAS, Feb. 06, 2019 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published the second instalment.
Network security provider Check Point Software Technologies said it could reach $2 billion in revenue in 2019 after posting fourth quarter that profit beat expectations on higher security subscriptions. "Cloud, mobile and advanced threat prevention are the three main (growth) drivers," Chief Executive Gil Shwed told reporters adding he hoped revenue would hit the $2 billion milestone. "This was a rock solid quarter as the company is firing on all cylinders with cyber security spending accelerating into 2019," said Daniel Ives, managing director of equity research at Wedbush Securities.
CyberArk (NASDAQ:CYBR) has grown extensively, in tandem with companies' need for cybersecurity. The value of CYBR stock has doubled in recent months. Also, the October swoon of the Nasdaq that punished most tech equities left CybeerArk stock largely unscathed. Despite this resilience, the attractiveness of CYBR stock still may appear to be questionable. However, after analyzing CYBR's financial metrics and the value proposition offered by CyberArk stock, I think this mid-cap equity is still worth buying. ### Can the Rally of CYBR Stock Continue? CyberArk provides security for many companies' most critical systems. Industries such as healthcare, financial services, and retail have deployed CyberArk's software to protect their systems. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell in February Meanwhile, CYBR stock has enjoyed something that has escaped most other tech stocks in recent months: growth. Since hitting a low in the low $40 per share range in late 2017, CyberArk stock has risen steadily. Instead of falling as most tech stocks did in October, CYBR stayed in a range, and today CYBR stock is above its early-October highs. The only question now is how long the rally can continue. Early indications imply that the rally of CyberArk stock can last for the foreseeable future. The company's profit growth remains robust. Analysts on average expect its profits to increase by 51.7% in fiscal 2018. They predict that its profit growth will slow to 10.2% in 2019. Still, analysts forecast average annual profit growth of 33.2% for CYBR between 2020 and 2025. ### CYBR Stock Is Expensive, But It's Worth the Price CYBR stock has more than doubled in value over the last 13 months. As a result, the forward price-earnings ratio of CyberArk stock has risen to 43.8. While that may seem high, it's reasonable, in light of the company's average annual growth rate of 33.2%. Also, CYBR stock has a market cap of just $3.1 billion. That compares to Symantec's (NASDAQ:SYMC) market cap of $13.1 billion and the $17.1 billion market cap of Check Point Software (NASDAQ:CHKP). As a result, the rally of CyberArk stock may only have just started. As the development of technology progresses, the role of CyberArk will only grow in importance. For now, IT systems store data critical to our lives such as medical records and financial statements. Before too long, IT systems will probably carry out other, vital tasks, such as driving cars and even performing surgical procedures. At that point, keeping these systems secure will literally become a matter of life and death. Moreover, the advent of 5G will bring CyberArk's software into more of these systems. 5G will also likely lead to new applications that we have not yet imagined. Consequently, we probably do not yet know the revenue-generating potential of CyberArk's products. CYBR stock is not cheap. However, with its low market cap, high growth rates, and a multiple that's reasonable in light of its growth, I think that CYBR stock is the equity of choice in the cybersecurity field. ### The Bottom Line on CYBR Stock Investors should consider CYBR stock both because of its value and its value proposition. CyberArk software plays a critical role in securing vital technology. Its software will only become more important as technology advances. Many investors may assume that it's too late to buy CyberArk stock simply because the value of the stock has more than doubled since late 2017. However, after the rally, the forward price-earnings ratio of CYBR stock is just over 40. Given that CYBR is expected to grow at a 30%-plus annual rate over the next few years, investors will receive large amounts of growth in exchange for that high multiple. Considering its essential role in securing both healthcare and financial information, CYBR stock currently offers value to investors. However, once 5G launches, new technologies not yet imagined by most investors will proliferate. For that reason, investors should consider not only the current metrics of CYBR, but also its tremendous future potential. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Smart Money Stocks to Buy for the Rest of the Year * 10 Best Consumer Stocks to Buy in 2019 * 10 Triple-A Stocks to Buy in February Compare Brokers The post Cybersecurity Needs Make CyberArk Stock a Lock for Investors appeared first on InvestorPlace.
Network security provider Check Point Software Technologies said it could reach $2 billion in revenue in 2019 after posting fourth quarter that profit beat expectations on higher security subscriptions. "Cloud, mobile and advanced threat prevention are the three main (growth) drivers," Chief Executive Gil Shwed told reporters adding he hoped revenue would hit the $2 billion milestone. Shwed noted that sales of its mobile security products are currently small but growing.
Check Point (CHKP) delivered earnings and revenue surprises of 3.07% and 1.64%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
The Zacks Analyst Blog Highlights: Check Point Software Technologies, Facebook, Microsoft, PayPal and CGI
The Tel Aviv Israel, Israel-based company said it had profit of $1.51 per share. Earnings, adjusted for one-time gains and costs, came to $1.68 per share. The results topped Wall Street expectations. The ...
Network security provider Check Point Software Technologies reported quarterly net profit that beat expectations, boosted by higher security subscriptions. Check Point earned $1.68 per diluted share excluding ...
SAN CARLOS, Calif, Jan. 30, 2019 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), today announced its financial results for the fourth quarter and full year ended.