Check Point Software Technologies Ltd. (NASDAQ:CHKP)

boomrsix (94.80) Submitted: 1/11/2007 12:16:27 PM : Start Price: $23.35 CHKP Score: +125.81

network security stud

NetscribeSoftwre (98.90) Submitted: 1/10/2007 7:51:07 AM : Start Price: $22.21 CHKP Score: +135.55

Check Point Software Technologies, Ltd incorporated in 1993 is in the business of developing software and hardware based applications mainly for secure connectivity over the internet. The company primarily focuses on VPN and firewall technologies to protect the threats occurring in the network. Checkpoint like any software provider generates bulk of its revenues from sale of products and licenses, while software subscription inflows also provide significant contribution to the tally. The company is a global player and generates around 54% of the revenue from outside North America.

The internet security industry which has now evolved to over $12 billion has seen a double digit growth in the past. Such a trend is likely to continue with the rise of connectivity among organizations of all sizes leading to increased risk of resources being attacked. Checkpoint with its strong hold of market having over 95% of the fortune 500 companies, as clients and its venture to tap small size companies with acquisition of ZoneLabs will surely benefit from the growing trend.

Checkpoint since 2004 has witnessed strong performance, though the drop in product revenue has made a dent on the growing trend since the start of 2006. The third quarter inflows seem to have clawed back a bit, with strong adoption of new UTM offerings. In 2007 the major growth driver for the company will be its acquisition of Protect Data, the Sweden based provider of data protection security products. This $586 million acquisition will not only help Checkpoint in acquiring a top performing company that is witnessing a revenue growth of 92%, but will also make its foothold in the rapidly growing data protection market, that has potential to generate close to $100 million for the company in few years. Moreover, considering the release of high performing UTM product line in mid 2007, strong fundamentals, and healthy industry outlook, Checkpoint appears as a good deal.

dss03 (65.51) Submitted: 12/11/2006 9:15:37 PM : Start Price: $21.50 CHKP Score: +144.11

Strong cash position with no debt. Some recent improvement in earnings and revenue. Estimates show more improvment and stock has shown history of meeting and often slightly beating expectation.

bsource (< 20) Submitted: 11/16/2006 10:13:00 PM : Start Price: $22.36 CHKP Score: +133.52

growth growth growth

fool7115 (76.11) Submitted: 10/8/2006 1:56:38 PM : Start Price: $19.72 CHKP Score: +161.04

Security play with lots of cash and ideas

iverpaul (91.43) Submitted: 9/12/2006 11:20:43 PM : Start Price: $19.25 CHKP Score: +164.47

OCF/EV less than 10. Huge amount of cash on the books. Greatly undervalued compared to peers.

ztur2218 (< 20) Submitted: 9/9/2006 8:22:21 AM : Start Price: $18.61 CHKP Score: +172.37

I think Check point which is securing internet stock
Is much valuable stock and with heavy Cash .
company P/E and forward P/E Is much discounted from his peer. there is no real slow down In comnay business But seems low valuable cause of Analyst expectation for slowing Growth and many cash which not used properly for Growth potential which from my point of view
is not justified .
Customer in the mean time got ongoing plan to By back stock .

Thanks,Zohar