126.32 +0.16 (0.13%)
After hours: 5:07PM EDT
|Bid||123.00 x 1000|
|Ask||126.30 x 900|
|Day's Range||124.08 - 126.62|
|52 Week Range||93.76 - 128.11|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||24.50|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||118.92|
The Zacks Analyst Blog Highlights: Check Point, Qualys, Fortinet, CyberArk Software and Palo Alto Networks
Here are a few top-ranked stocks that are well poised to make the most of the opportunity provided by the rapidly growing cybersecurity industry.
SAN CARLOS, Calif., March 11, 2019 -- Check Point Research, the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber.
GREENVILLE, S.C. , March 8, 2019 /PRNewswire/ -- SYNNEX Corporation , (NYSE: SNX), a leading business process services company, announced today that it has been named the 2018 North American Distributor ...
Cyberterrorists who gain entry to hospitals and their networks can easily connect to ultrasound imaging devices running old software that are often used to monitor pregnancies and other conditions, security specialist Check Point Software Technologies said Thursday. “We wanted to show how this could happen,” said Gil Messing, a spokesman for Check Point, emphasizing that the issue was not with the devices or the manufacturers but with the outdated software.
NEW YORK, March 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SAN CARLOS, Calif., March 06, 2019 -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that its.
More than once over the course of the past couple of years I've touted FireEye (NASDAQ:FEYE) as an underappreciated rags-to-riches prospect. I'm sticking with that stance too. The need for cybersecurity has never been greater, and FireEye has finally found a winning formula with customers. If a barely profitable company and inconsistent stock aren't quite your thing, however, bigger rival Palo Alto Networks (NYSE:PANW) will plug you into the same basic trend with a lot less stress.Source: Shutterstock Indeed, PANW stock has already proven to be a superior performer, blasting to record highs last week on the heels of a huge fiscal Q2 earnings beat.However, the bullish case for Palo Alto Networks stock has ultimately just became a simple but powerful two-pronged thesis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Repeat BusinessIt's a crowded but complex field, largely led by names like Palo Alto, FireEye and Check Point Software Technologies (NASDAQ:CHKP). All told, the cybersecurity market is worth roughly $140 billion per year. But, the paths to that revenue are numerous, and what technically qualifies as "cybersecurity" can be a bit fuzzy at times.It's that fuzziness that actually made FireEye and then Palo Alto what they are today. * 10 Hot Stocks to Buy Right Now At the time it was seen as corporate suicide. FireEye's early loss-making days were pushed even deeper into the red by a string of seemingly disparate and uncomfortably expensive acquisitions. There was always a method to the madness though. In 2016, the company finally began to weave all those different tools together into one single platform called Helix, and began "renting" cloud-based access to those constantly updated tools rather than selling them as one-time purchases.That business model has created a recurring revenue machine that's expected to lead FireEye to its first-ever full-year profit in 2019.Palo Alto had already borrowed that play from FireEye's playbook though, even if it applied the idea a bit differently. Rather than offering cloud-based access to cybersecurity tools, much of Palo Alto's subscription revenue is specifically linked to its hardware, it now accounts for roughly two-thirds of the company's business.Clearly, subscription revenue leads to much more certainty regarding cash flows and earnings. Game-Changing Predictive ProductThe other way Palo Alto Networks now offers investors a tough choice: Its Cortex AI product is being called -- at least by Palo Alto -- "the industry's only open and integrated, AI-based continuous security platform."The essence of the statement is true, though it also glosses over the fact that FireEye's threat-detection platform is founded on machine-learning algorithms. Though not 'open' to the degree Palo Alto's Cortex system is, the need for openness remains to be fully seen.Nevertheless, it's a development that at least some existing FireEye users will be checking out as an impressive alternative. Some already have, in fact. Managed security services providers BDO, Critical Start, ON2IT, PwC and Trustwave have all already embraced Cortex, even before it had become available to customers.Jefferies analyst John DiFucci described Cortex AI as a "product stretching further than a typical endpoint detection and response product," helping to prod his price target on PANW from $249 to $296. BTIG analyst Joel Fishbein agrees, upping his target price on Palo Alto shares, and noting that the company's new product and comprehensive sales approach "signals its commitment to touching more realms of customer data but also its acknowledgment that clever tactics are necessary to do so." * 7 Cheap Stocks Under $5 That Could Soar It's difficult to not expect big things from the new product. Looking Ahead for PANW StockThere are still risks to be sure, not the least of which is the post-earnings surge that has left PANW stock. As Vince Martin pointed out last week, the 8% gain logged the day after earnings following the 46% rally from the stock's November low leaves shares ripe for profit-taking. We're already seeing that profit-taking take shape, although there's room for more downside.FireEye and Checkpoint are likely to counter as well. With what and how remains unclear, but no cybersecurity player rests on its laurels for long.Still, for investors that liked the idea of FireEye but just couldn't get past its historic losses and thin margins that are likely to persist for the foreseeable future, reliably profitable Palo Alto Networks just became an even stronger prospect.Just wait for the profit-takers to finish their business before wading into any new PANW position.As of this writing, James Brumley held a long position in FireEye. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post 2 Reasons Palo Alto Networks Stock Is a Solid Alternative to FireEye appeared first on InvestorPlace.
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying the right stocks can give your wealth a significant boost. For example,Read More...
Investor Ideas turned to cybersecurity expert Roger Cressey at Liberty Group Ventures, LLC for insight into the sector and what is needed to address current and future threats. Cressey was formerly with Booz Allen Hamilton (NYSE: BAH), Good Harbor Consulting, held senior cyber security and counterterrorism positions in the Clinton and Bush Administrations and was an on-air counterterrorism analyst with NBC News.
VIENNA, Austria, Feb. 20, 2019 -- CPX – Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published the third.
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 firstname.lastname@example.org.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.