Check Point Securing Profits, Big Money Interest

Last month CHKP introduced a scalable, AI-powered web application firewall for enterprises that prevents threats and guards against unauthorized access. The Israeli company’s solutions have also been on the forefront of geopolitical tensions, especially in the Middle East, protecting digital systems and communications in areas on alert.

All this activity is delivering solid financial performance. CHKP’s first-quarter 2024 revenues gained 5.8% on a year-over-year basis (to $598.8 million) and consensus expectations are for more in the next quarter. Also, its per-share earnings jumped 5.3% yearly to $1.60, with expectations of 8% growth to $2.16 in the following quarter.

It’s no wonder CHKP shares are up 10% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Up Check Point Shares

Institutional volumes reveal plenty. In the last year, CHKP has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in CHKP shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Check Point.

Check Point Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CHKP has strong earnings growth, no debt, and solid profits:

• 3-year earnings growth rate (+6.2%)
• Debt/equity ratio (0%)
• Profit margin (+34.8%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +10.5%.

Now it makes sense why the stock has been powering to new heights. CHKP has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Check Point has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last decade, with more potentially on the horizon. The blue bars below show when CHKP was a top pick…sending shares skyward:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Check Point Price Prediction

The CHKP rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in CHKP at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.