Check Point Software Technologies Ltd. (NASDAQ:CHKP)
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The Company develops, markets and supports a range of software and combined hardware and software products and services for IT security, and offer its customers with a portfolio of network security, data security and management solutions.
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The stock still trades cheap, only 12.5 times a 2009 EPS estimate of $1.85. The company is cash flow positive and the balance sheet is free of debt. Cash on hand is about $510 million. Not only will Check Point be able to survive a more prolonged slowdown, the company could thrive. The company’s large cash balance will give it the opportunity to acquire distressed rivals and increase market share.