Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd.

CHKP

Market Cap$19.36B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Check Point Software Technologies Ltd.Check Point Software Technologies Ltd.23.2-30%80.4

Earnings Call Q3 2024

October 29, 2024 - AI Summary

**Strong Quarterly Performance:** Check Point Software reported a 7% year-over-year revenue growth in Q3 2024, reaching $635 million, which was $3 million above projections. Non-GAAP EPS also rose by 9% to $2.25, indicating strong profitability.
**Subscription Revenue Growth:** Subscription revenues increased by 12% to $277 million. The successful performance of Check Point's Infinity platform and Harmony Email, which surpassed $100 million in ARR, contributed to this growth, highlighting strong market demand for these services.
**Billings and Pipeline Expectations:** The calculated billing for the quarter was $562 million, representing a 6% growth year-over-year. However, several large deals were pushed from Q3 to Q4, anticipated to provide an approximate 3 percentage points benefit in Q4 billings. This presents a mixed signal, indicating operational challenges but optimism for recovery in Q4.

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$198.33

Target Price by Analysts

12.7% upsideCheck Point Software Technologies Ltd. Target Price DetailsTarget Price
$309.55

Current Fair Value

75.8% upside

Undervalued by 75.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$19.36 Billion
Enterprise Value$20.09 Billion
Dividend Yield$0 (0%)
Earnings per Share$7.19
Beta0.63
Outstanding Shares110,500,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio23.23
PEG2506.2
Price to Sales8.0
Price to Book Ratio7.04
Enterprise Value to Revenue7.96
Enterprise Value to EBIT23
Enterprise Value to Net Income23
Total Debt to Enterprise0.06
Debt to Equity0.45

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Check Point Software Technolgies

CEO: Gil Shwed