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Check Point Software stock hits all-time high of $213.98

Published 30/01/2025, 15:36
© Reuters.
CHKP
1.94%

Check Point Software (ETR:SOWGn) Technologies Ltd. (NASDAQ:CHKP) has reached an all-time high, with its stock price soaring to $213.98. This milestone reflects a significant surge in the cybersecurity company’s market value to $22.43 billion, underlining a robust period of growth. InvestingPro analysis indicates the stock may be overbought, with multiple valuation metrics suggesting premium pricing. Over the past year, Check Point Software has seen an impressive 1-year return of 27.19%, supported by outstanding gross profit margins of 88.62%. This uptick is indicative of the company’s strong performance and investor confidence in its strategic direction amidst the increasing demand for cybersecurity solutions. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report for deeper analysis of CHKP’s market position.

In other recent news, Check Point Software Technologies Ltd. reported a successful fourth quarter, with earnings and revenue surpassing analyst expectations. The cybersecurity firm posted adjusted earnings per share of $2.70, outperforming the analyst consensus of $2.65. Revenue for the quarter also exceeded estimates, coming in at $703.7 million, a 6% increase from the same period last year.

The company’s calculated billings for Q4 reached $959 million, marking an 11% year-over-year increase. Additionally, Check Point’s full-year revenues for 2024 amounted to $2.57 billion, reflecting a 6% rise from 2023. The firm’s security subscriptions revenue also saw growth, increasing 13% to $1.1 billion for the full year.

Highlighting other recent developments, Check Point repurchased approximately 1.7 million shares at a total cost of $325 million during the fourth quarter. The company’s new CEO, Nadav Zafrir, expressed optimism for the future, stating that 2024’s success provides a solid foundation for 2025 and beyond.

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