CHKP

Check Point Software Technologies

TMT


Presented:04/07/2022
Price:$144.08
Cap:$19.13B
Current Price:$207.83
Cap:$22.86B

Presented

Date04/07/2022
Price$144.08
Market Cap$19.13B
Ent Value$17.27B
P/E Ratio23.47x
Book ValueN/A
Div Yield0%
Shares O/S132.80M
Ave Daily Vol1,460,816
Short Int4.09%

Current

Price$207.83
Market Cap$22.86B
Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. Its products include threat prevention, next generation firewalls, mobile security, and security management. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

Publicly traded companies mentioned herein: Check Point Software Technologies Ltd (CHKP), Palo Alto Networks Inc (PANW)

Highlights

The presenter is long shares of Check Point Software Technologies (CHKP), a multinational provider of hardware and software for IT security. CHKP has been perceived as a share donor to Palo Alto Networks, however, the company has been cleaning up its product portfolio and broadening its offering through R&D and some savvy tuck-ins. As the business more than doubles its organic topline growth this year and CAGRs earnings in the low-teen% range going forward, he expects the company to generate $10 of 2024 EPS. Further, he sees a case for 10% - 15% multiple expansion to ~20x 2024 earnings, yielding a $200 price target over the next 12 - 18 months (40% upside).

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.