One Step ahead
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Check Point headquarters, Tel Aviv, Israel
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Type
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Public |
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Traded as | NASDAQ: CHKP NASDAQ-100 Component |
Industry | Security software Computer hardware |
Founded | Ramat Gan, Israel (1993 (1993)) |
Founders | Gil Shwed Marius Nacht Shlomo Kramer |
Headquarters | Tel Aviv, Israel and San Carlos, California |
Key people
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Gil Shwed, (Founder & CEO) |
Products | FireWall-1, VPN-1, UTM-1, Check Point Integrity, Intrusion prevention systems, Endpoint, security, Security appliances, Web Application Security |
Revenue | US$1.629 billion (2015) |
Net income
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US$685 million (2015) |
Number of employees
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3,500 (2016) |
Subsidiaries | ZoneAlarm, SofaWare, Easy2comply |
Website | www.checkpoint.com |
Check Point Software Technologies Ltd. is an Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, mobile security, data security and security management.
As of 2016 the company has approximately 4,000 employees worldwide. Headquartered in Tel Aviv, Israel, the company has development centers in Israel, California (ZoneAlarm), Sweden (Former Protect Data development centre), and Belarus. The company has main offices in the United States, in San Carlos, California, in Dallas, Texas, and in Ottawa, Ontario (Canada).
Check Point was established in Ramat-Gan, Israel in 1993, by Gil Shwed (CEO as of 2016), Marius Nacht (Chairman as of 2016) and Shlomo Kramer (who left Check Point in 2003). Shwed had the initial idea for the company’s core technology known as stateful inspection, which became the foundation for the company's first product, FireWall-1; soon afterwards they also developed one of the world’s first VPN products, VPN-1. Shwed developed the idea while serving in the Unit 8200 of the Israel Defense Forces, where he worked on securing classified networks.
Initial funding of US$400,000 was provided by venture capital fund BRM Group.
In 1994 Check Point signed an OEM agreement with Sun Microsystems, followed by a distribution agreement with HP in 1995. The same year, the U.S. head office was established in Redwood City, California.
By February 1996 the company was named worldwide firewall market leader by IDC, with a market share of 40 percent. In June 1996 Check Point raised $67 million from its initial public offering on NASDAQ.
In 1998 Check Point established a partnership with Nokia, which bundled Check Point's Software with Nokia's computer Network Security Appliances.
In 2003, a class action lawsuit was filed against Check Point over violation of the Securities Exchange Act by failing to disclose major financial information.
During the first decade of the 21st century Check Point started acquiring other IT security companies, including Nokia's network security business unit in 2009.
Over the years many employees who worked at Check Point have left to start their own software companies. These include Shlomo Kremer, who started Imperva; Nir Zuk, who founded Palo Alto Networks; Ruvi Kitov and Reuven Harrison of Tufin; and Yonadav Leitersdorf, who founded indeni.
Check Point offers the following primary products:
In 2005, Check Point tried to acquire intrusion prevention system developers Sourcefire for $225 million, but later withdrew its offer after it became clear US authorities (specifically, the Committee on Foreign Investment in the United States ) would try to block the acquisition.
SofaWare Technologies was founded in 1999, as a cooperation between Check Point and SofaWare's founders, Adi Ruppin and Etay Bogner, with the purpose of extending Check Point from the enterprise market to the small business, consumer and branch office market. SofaWare's co-founder Adi Ruppin said that his company wanted to make the technology simple to use and affordable, and to lift the burden of security management from end users while adding some features. In 2001 SofaWare began selling firewall appliances under the SofaWare S-Box brand; in 2002 the company started selling the Safe@Office and Safe@Home line of security appliances, under the Check Point brand. By the fourth quarter of 2002 sales of SofaWare's Safe@Office firewall/VPN appliances had increased greatly, and SofaWare held the #1 revenue position in the worldwide firewall/VPN sub-$490 appliance market, with a 38% revenue market share.
Relations between Check Point and the SofaWare founders went sour after the company acquisition in 2002. In 2004 Etay Bogner, co-founder of SofaWare, sought court approval to file a shareholder derivative suit, claiming Check Point was not transferring funds to SofaWare as required for its use of SofaWare's products and technology. His derivative suit was ultimately successful, and Check Point was ordered to pay SofaWare 13 million shekels for breach of contract. In 2006 the Tel Aviv District Court Judge ruled that Bogner SofaWare could sue Check Point by proxy for $5.1 million in alleged damage to SofaWare. Bogner claimed that Check Point, which owned 60% of Sofaware, had behaved belligerently, and withheld monies due for use of SofaWare technology and products Check Point appealed the ruling, but lost.
In 2009 the Israeli Supreme Court ruled that a group of founders of SofaWare, which includes Bogner, had veto power over any decision of SofaWare. The court ruled that the three founders could exercise their veto power only as a group and by majority rule.
In 2011 Check Point settled all litigation relating to SofaWare. As part of the settlement it acquired the SofaWare shares held by Bogner and Ruppin, and began a process of acquiring the remaining shares, resulting in SofaWare becoming a wholly owned subsidiary.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2022 | 2022-10-26 | Future report Set alerts | |
Q2 2022 | 2022-08-01 | 1.64 | 1.64 |
Q1 2022 | 2022-04-27 | 1.57 | 1.57 |
Q4 2021 | 2022-02-03 | 2.25 | 2.25 |
Q3 2021 | 2021-10-28 | 1.65 | 1.65 |
Q2 2021 | 2021-07-26 | 1.61 | 1.61 |
Q1 2021 | 2021-04-26 | 1.54 | 1.54 |
Q4 2020 | 2021-02-03 | 2.17 | 2.17 |
Q3 2020 | 2020-10-22 | 1.64 | 1.64 |
Q2 2020 | 2020-07-22 | 1.58 | 1.58 |
2016-07-08 | Initiated Coverage | Macquarie | Neutral | $91.00 |
2016-06-16 | Downgrade | Deutsche Bank | Buy to Hold | $95.00 to $90.00 |
2016-06-16 | Downgrade | Deutsche Bank AG | Buy to Hold | $95.00 to $90.00 |
2016-06-10 | Reiterated Rating | Jefferies Group | Buy | |
2016-06-01 | Downgrade | Barclays | Equal Weight to Underweight | $91.00 to $83.00 |
2016-06-01 | Downgrade | Barclays PLC | Equal Weight to Underweight | $91.00 to $83.00 |
2016-05-26 | Downgrade | Citigroup Inc. | Neutral | $88.00 |
2016-05-22 | Reiterated Rating | Pacific Crest | Buy | |
2016-05-10 | Downgrade | Citigroup Inc. | Buy to Neutral | $88.00 |
2016-04-21 | Downgrade | Raymond James | Outperform to Market Perform | |
2016-04-21 | Lower Price Target | Topeka Capital Markets | Buy | $102.00 to $100.00 |
2016-04-21 | Reiterated Rating | Oppenheimer | Outperform | $95.00 |
2016-04-21 | Downgrade | Raymond James Financial Inc. | Outperform to Market Perform | |
2016-04-21 | Reiterated Rating | Oppenheimer Holdings Inc. | Outperform | $95.00 |
2016-04-19 | Reiterated Rating | Bank of America | Buy | |
2016-04-19 | Reiterated Rating | Bank of America Corp. | Buy | |
2016-04-18 | Boost Price Target | RBC Capital | Sector Perform | $85.00 to $92.00 |
2016-04-18 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $85.00 to $92.00 |
2016-04-07 | Upgrade | OTR Global | Positive | |
2016-03-30 | Lower Price Target | Topeka Capital Markets | Buy | $102.00 to $92.00 |
2016-03-21 | Initiated Coverage | Goldman Sachs | Neutral | $97.00 |
2016-03-21 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $97.00 |
2016-03-10 | Initiated Coverage | Sanford C. Bernstein | Underperform | $65.00 |
2016-02-18 | Lower Price Target | Citigroup Inc. | $100.00 to $94.00 | |
2016-01-31 | Reiterated Rating | FBR & Co. | Outperform | $90.00 |
2016-01-31 | Reiterated Rating | FBR & Co | Outperform | $90.00 |
2016-01-29 | Lower Price Target | Stephens | Overweight | $88.00 |
2016-01-28 | Reiterated Rating | Oppenheimer | Buy | $95.00 |
2016-01-21 | Initiated Coverage | Cleveland Research | Neutral | |
2016-01-14 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $86.00 |
2016-01-14 | Reiterated Rating | FBR & Co. | Outperform | $95.00 |
2016-01-06 | Downgrade | Barclays | Equal Weight to Underweight | $91.00 to $83.00 |
2016-01-04 | Downgrade | Wells Fargo | Outperform to Market Perform | $96.00 to $87.50 |
2016-01-04 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | $96.00 to $87.50 |
2015-12-14 | Initiated Coverage | Evercore ISI | Hold | $94.00 |
2015-11-13 | Reiterated Rating | Oppenheimer | Outperform | $95.00 |
2015-11-08 | Reiterated Rating | Deutsche Bank | Buy | |
2015-10-27 | Lower Price Target | Barclays | Equal Weight | $92.00 to $91.00 |
2015-10-26 | Reiterated Rating | FBR & Co. | Outperform | $95.00 |
2015-10-26 | Reiterated Rating | Nomura | Buy | |
2015-10-26 | Reiterated Rating | William Blair | Buy | |
2015-10-26 | Reiterated Rating | Nomura Holdings Inc. | Buy | |
2015-10-13 | Reiterated Rating | Gabelli | Buy | |
2015-10-12 | Reiterated Rating | Deutsche Bank | Buy | $95.00 |
2015-09-17 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
2015-09-17 | Reiterated Rating | Wells Fargo | Outperform | |
2015-09-10 | Initiated Coverage | BTIG Research | Neutral | |
2015-08-25 | Reiterated Rating | FBR & Co. | Outperform | |
2015-08-11 | Reiterated Rating | Deutsche Bank | Buy | |
2015-07-23 | Reiterated Rating | Needham & Company LLC | Buy | $100.00 |
2015-07-22 | Reiterated Rating | FBR & Co. | Buy | $95.00 |
2015-07-22 | Reiterated Rating | Oppenheimer | Buy | |
2015-07-16 | Reiterated Rating | Citigroup Inc. | Buy | |
2015-07-15 | Reiterated Rating | Oppenheimer | Outperform | $90.00 |
2015-07-01 | Initiated Coverage | JMP Securities | Market Perform | |
2015-06-26 | Initiated Coverage | Barclays | Equal Weight | $90.00 to $90.00 |
2015-06-12 | Reiterated Rating | Deutsche Bank | Positive | |
2015-06-09 | Initiated Coverage | Wunderlich | Buy | $105.00 |
2015-05-27 | Reiterated Rating | FBR & Co. | Outperform | |
2015-05-27 | Downgrade | JPMorgan Chase & Co. | Equal Weight to Underweight | |
2015-05-27 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $73.00 |
2015-05-20 | Initiated Coverage | Evercore Partners Inc. | Hold | $91.00 |
2015-05-20 | Initiated Coverage | Evercore ISI | Hold | $91.00 |
2015-04-21 | Boost Price Target | Needham & Company LLC | $85.00 to $100.00 | |
2015-04-21 | Boost Price Target | Citigroup Inc. | $92.00 to $98.00 | |
2015-04-21 | Upgrade | Argus | Hold to Buy | $85.88 to $103.00 |
2015-04-21 | Boost Price Target | RBC Capital | Sector Perform | $83.00 to $91.00 |
2015-04-20 | Set Price Target | Citigroup Inc. | Buy | $92.00 to $98.00 |
2015-04-20 | Boost Price Target | FBR & Co. | Outperform | $93.00 to $95.00 |
2015-04-20 | Reiterated Rating | Oppenheimer | Outperform | $90.00 |
2015-04-13 | Boost Price Target | Raymond James | Outperform | $89.00 to $94.00 |
2015-02-24 | Boost Price Target | FBR & Co. | Outperform | $85.00 to $93.00 |
2015-01-30 | Boost Price Target | Jefferies Group | Buy | $88.00 to $91.00 |
2015-01-30 | Boost Price Target | FBN Securities | $90.00 | |
2015-01-29 | Boost Price Target | FBR & Co. | Outperform | $78.00 to $85.00 |
2015-01-27 | Reiterated Rating | Citigroup Inc. | Buy | $75.00 to $92.00 |
2015-01-27 | Boost Price Target | Oppenheimer | Outperform | $85.00 to $90.00 |
2015-01-26 | Boost Price Target | RBC Capital | Sector Perform | $77.00 to $83.00 |
2015-01-23 | Downgrade | Macquarie | Outperform to Neutral | |
2015-01-22 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $78.00 to $83.00 |
2014-12-30 | Upgrade | Deutsche Bank | Hold to Buy | |
2014-12-22 | Boost Price Target | Oppenheimer | Buy | $78.00 to $85.00 |
2014-12-17 | Upgrade | Deutsche Bank | Hold to Buy | $70.00 to $90.00 |
2014-11-20 | Initiated Coverage | Jefferies Group | Buy | $88.00 |
2014-11-12 | Reiterated Rating | Bank of America | Buy | $75.00 to $85.00 |
2014-11-11 | Initiated Coverage | Macquarie | Outperform | |
2014-10-24 | Upgrade | Needham | Hold to Buy | $80 |
2014-10-24 | Upgrade | Needham & Company LLC | Hold to Buy | $80.00 |
2014-10-23 | Boost Price Target | BMO Capital Markets | Market Perform | $70.00 to $71.00 |
2014-10-23 | Boost Price Target | Topeka Capital Markets | Buy | $75.00 to $85.00 |
2014-10-23 | Boost Price Target | FBR & Co. | Outperform | $74.00 to $78.00 |
2014-08-28 | Resumed | Stifel | Hold | |
2014-08-28 | Initiated Coverage | Stifel Nicolaus | Hold | |
2014-07-23 | Boost Price Target | Topeka Capital Markets | Buy | $72.50 to $75.00 |
2014-07-16 | Initiated Coverage | Goldman Sachs | Neutral | |
2014-05-22 | Lower Price Target | Goldman Sachs | $66.00 to $56.00 | |
2014-04-30 | Reiterated Rating | Topeka Capital Markets | Buy | $72.50 |
2014-04-30 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $69.00 |
2014-02-04 | Initiated Coverage | Sterne Agee CRT | Buy | $80.00 |
2014-01-29 | Reiterated | RBC Capital Mkts | Sector Perform | $65 to $70 |
2014-01-29 | Boost Price Target | RBC Capital | Sector Perform | $65.00 to $70.00 |
2014-01-28 | Reiterated | FBR Capital | Outperform | $70 to $74 |
2014-01-28 | Boost Price Target | FBR & Co. | Outperform | $70.00 to $74.00 |
2014-01-28 | Boost Price Target | FBN Securities | $70.00 to $80.00 | |
2014-01-22 | Initiated Coverage | Deutsche Bank | Hold | |
2014-01-14 | Boost Price Target | MKM Partners | Buy | $68.00 to $73.00 |
2013-12-19 | Initiated Coverage | BMO Capital Markets | Market Perform | $67.00 |
2013-11-21 | Initiated Coverage | Barclays | Overweight to Overweight | $75.00 |
2013-11-12 | Boost Price Target | Cowen and Company | Outperform | $68.00 to $70.00 |
2013-10-27 | Reiterated Rating | RBC Capital | Hold | $67.00 |
2013-10-23 | Boost Price Target | RBC Capital | Sector Perform | $55.00 to $65.00 |
2013-10-22 | Reiterated | Stifel | Buy | $63 to $69 |
2013-10-22 | Boost Price Target | MKM Partners | Buy | $63.00 to $68.00 |
2013-10-22 | Boost Price Target | Raymond James | $60.00 to $67.00 | |
2013-10-22 | Boost Price Target | Jefferies Group | Buy | $65.00 to $70.00 |
2013-10-22 | Boost Price Target | Cowen and Company | Outperform | $65.00 to $68.00 |
2013-10-22 | Boost Price Target | Stifel Nicolaus | Buy | $63.00 to $69.00 |
2013-10-21 | Boost Price Target | FBN Securities | Outperform | $65.00 to $70.00 |
2013-10-18 | Initiated | Gabelli & Co | Buy | $74 |
2013-10-18 | Initiated Coverage | Gabelli | Buy | $74.00 |
2013-10-09 | Upgrade | Cowen and Company | Market Perform to Outperform | $65.00 |
2013-07-19 | Reiterated | Macquarie | Outperform | $55 to $63 |
2013-07-10 | Downgrade | Standpoint Research | Buy to Hold | |
2013-04-18 | Upgrade | Standpoint Research | Hold to Buy | |
2012-12-10 | Downgrade | Standpoint Research | Buy to Hold | |
2012-10-19 | Upgrade | Standpoint Research | Hold to Buy | $50 |
2012-10-18 | Reiterated | Macquarie | Outperform | $60 to $55 |
2012-10-17 | Reiterated | MKM Partners | Buy | $60 to $48 |
2012-10-11 | Downgrade | Needham | Buy to Hold | |
2012-07-19 | Reiterated | Macquarie | Outperform | $67 to $60 |
2012-06-01 | Upgrade | Wunderlich | Hold to Buy | $60 |
2016-07-08 | Initiated Coverage | Macquarie | Neutral | $91.00 |
2016-06-16 | Downgrade | Deutsche Bank | Buy to Hold | $95.00 to $90.00 |
2016-06-16 | Downgrade | Deutsche Bank AG | Buy to Hold | $95.00 to $90.00 |
2016-06-10 | Reiterated Rating | Jefferies Group | Buy | |
2016-06-01 | Downgrade | Barclays | Equal Weight to Underweight | $91.00 to $83.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CHKP 452 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Inc. | 6.39M |
Investec Asset Management LTD | 3.80M |
NORDEA INVESTMENT MANAGEMENT AB | 3.26M |
ACADIAN ASSET MANAGEMENT LLC | 3.00M |
Boston Partners | 2.49M |
STATE STREET CORP | 2.14M |
BlackRock Institutional Trust Company, N.A. | 2.09M |
LEGAL & GENERAL GROUP PLC | 2.04M |
FMR LLC | 1.64M |
FRANKLIN RESOURCES INC | 1.53M |
Clal Insurance Enterprises Holdings Ltd | 1.44M |
FIRST TRUST ADVISORS LP | 1.44M |
DEUTSCHE BANK AG\ | 1.40M |
ALTRINSIC GLOBAL ADVISORS LLC | 1.39M |
MANAGED ACCOUNT ADVISORS LLC | 1.21M |