The Latest Breaking News from CHKP

Due to increasing cyber-attacks with enterprises rapidly digitalizing their operations and migrating to cloud platforms, the cybersecurity industry has benefited significantly over the past year. However, considering the macroeconomic headwinds, it could be worth watching prominent cybersecurity stocks CyberArk Software (CYBR), Rapid7 (RPD), Check Point Software Technologies (CHKP), Qualys (QLYS),…

If history is any guide, there may be trouble ahead for shares of Check Point Software (NASDAQ:CHKP). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Increased tech dependency has boosted the demand for cybersecurity. Moreover, the Russia-Ukraine war has amplified the prospects of cyberattacks, making digitalized enterprises and governments spend more on cybersecurity. So, fundamentally sound cybersecurity stocks Check Point Software Technologies (CHKP) and Qualys (QLYS) could be ideal investments now. However, CrowdStrike Holdings (CRWD)…

The cybersecurity industry is well-positioned to register solid growth in the long run as organizations continue to integrate advanced technologies in their business models and increasing amounts of data is accessed over the internet. Against this backdrop, we think adding the stocks of cybersecurity concerns Check Point Software (CHKP), OneSpan…

With rising digital connectivity and rapid digitization worldwide, ransomware attacks and cyber-hacking are on the rise. To defend against such threats, businesses are spending extensively on cybersecurity solutions, fueling the growth of the cybersecurity industry. Therefore, we believe it could be wise to buy the price dip in high-quality cybersecurity…

  Check Point Software (NASDAQ:CHKP) reported its Q1 earnings results on Wednesday, April 27, 2022 at 05:00 AM. Here's what investors need to know about the announcement.

Check Point Software Technologies Ltd (NASDAQ:CHKP) reported first-quarter FY22 revenue growth of 7% year-on-year to $543 million, beating the consensus of $534.3 million. Revenue from Products and licenses grew 6% Y/Y to $115.9 million, Security subscriptions increased 13.6% Y/Y to $201.6 million, and Software updates and maintenance grew 1.9% Y/Y to $225.2 million.…

Growing concerns over large-scale data breaches and cyberattacks have propelled cybersecurity stocks higher since the onset of the pandemic. The speculated cyberattacks from Russia because of the increasing sanctions on the nation further boosted the demand for cybersecurity solutions. Therefore, prominent cybersecurity stocks Check Point Software (CHKP) and Fortinet (FTNT)…

The market rally is ailing, but not all areas. Tesla Shanghai is working to reopen with earnings due. Twitter stock popped.

Check Point is the IBD Stock of the Day ahead of earnings as the cybersecurity group outperforms most software growth stocks.

With the surge in digital services, the demand for cybersecurity solutions is expected to increase exponentially. So, cybersecurity companies Check Point (CHKP) and CrowdStrike (CRWD) should benefit from this. But which of these two stocks is a better buy now? Read more to find out.