2024-02-10 01:48:34 ET
Summary
- CHKP has strong track record of consistent financial performance, with steady mid single-digit growth and over 35-40% net margin for over a decade.
- New product suite to benefit from AI-driven cybersecurity trends, potentially enabling double-digit growth.
- I rate CHKP a buy. Given the ongoing macro situation challenging the performance of many growth software stocks, CHKP presents a "flight-to-quality" opportunity, in my opinion.
Check Point Software Technologies (CHKP) is a global leader in cybersecurity solutions, protecting businesses of all sizes from cyberattacks across various landscapes. Founded in 1994, they offer a comprehensive AI-driven security platform, Infinity, which safeguards networks, clouds, mobile devices, and data with advanced threat prevention capabilities....
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Check Point Software: Flight-To-Quality Growth Opportunity