PANW - Check Point: Understanding The Shorts
Source: Hedgeeye
Check Point's (CHKP) short interest has been reported to be on the rise. For this to be worth the attention of investors, three things have to be true given the solid nature of its financials and strong demand for cybersecurity solutions:
Sales weakness in North America due to competition
A decline in licensing renewals
Weak cloud sub uptake
Data by YCharts
The three factors listed above are the needle moving elements of Check Point's growth. Check Point is morphing into a cloud security business riding on strong demand for cybersecurity solutions,