CHKP Stock Price Target: What To Expect From CHKP in 2020

 CHKP Stock Price Target

Move on for it takes very little effort to stand still and do nothing. Sol Palha

 CHKP Stock Price Target

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions.

It provides Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile; CheckPoint Network Security, security gateways and software platforms that support small business and large enterprise data centre and telco-grade environment; and Check Point SandBlast family for threat prevention and zero-day protection.

The company also offers Check Point CloudGuard cloud security product that delivers threat prevention security, cloud visibility, cloud security posture management, and workload protection solutions for enterprise cloud networks, data, and applications; Check Point SandBlast Mobile for mobile security in iOS and Android devices. Yahoo Finance

CHKP Stock Earnings Per Share

CHKP Stock Earnings Per Share 

Zachs is projecting that EPS will continue to rise well in 2022 and then peak. We think Zach’s is wrong on this front as the demand for cybersecurity will rise exponentially with the debut of bad AI. Bad AI entails organised crime using AI-based programs to seek security loopholes that can be exploited. The only way to deal with such programs will be for AI-based security programs to spot them and block those loopholes.  Hence, we feel that the EPS will continue to trend upwards for the foreseeable future.

CHKP Stock Price Target for 2020 and beyond

CHKP Check Point Software Technologies Ltd. daily Stock Chart

There is a strong zone of resistance in the 109 to 114 ranges. A monthly close above 114 will pave the way for the CHKP to trade to the 128 to 132 ranges with a possible overshoot to 147. After that, the stock should pullback briefly and test the 114 to 119 ranges before going to put in a series of 52-week highs.  Traders should view strong pullbacks through a bullish lens.

CHK Related news

CHKP Partners with New York University to Close the Cybersecurity Workforce Gap

Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, extends its cybersecurity academia cooperation with New York University (NYU) to nurture the next generation of computer engineers. For the first time, NYU is partnering with a cyber-security software company that addresses multi-vector protection: cloud, network, endpoint, and mobile.  Yahoo Finance


CHKP Shareholders Approve All 2020 Annual General Meeting Proposals

Check Point® Software Technologies Ltd. (NASDAQ: CHKP) today announced that shareholders approved all five proposals presented at the 2020 Annual General Meeting. Approximately 106.3 million shares, representing approximately 76 per cent of the shares outstanding as of the record date, were voted at the meeting. Check Point would like to thank shareholders for the support and confidence they have in the company and its employees.

For more information on the agenda items, please see the company’s proxy statement for the annual general meeting of shareholders:

CHKP Helps to Mitigate Significant Vulnerabilities in OkCupid’s Website and Mobile App

Check Point Research, the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, recently identified and helped mitigate several security flaws on OkCupid’s website and mobile app. If exploited, the vulnerabilities would have allowed a hacker to access and steal the private data of OkCupid users, and send messages from their account without users’ knowledge.

Launched in 2004, OkCupid is now one of the leading free online dating services globally with over 50 million registered users and used in 110 countries. In 2019, 91 million connections were made via the site annually, with an average of 50,000 dates arranged every week. During the Covid-19 pandemic, OkCupid has seen a 20% increase in conversations. However, the detailed personal information submitted by users also makes online dating services targets for threat actors, either for targeted attacks or for selling on to other hackers. yahoo finance


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