The more things change, the more they stay the same for Check Point Software Technologies (NASDAQ:CHKP). While this Israeli IT security company still has a leading presence
in enterprise IT security and margins that many CEOs could only dream
of, a segment of the investing world remains steadfast that the company
is doomed to lose share to Palo Alto (NYSE:PANW), Fortinet (NASDAQ:FTNT), and other relative newcomers over time.
To be fair, Check Point has
lost market share ... but the erosion seen in recent years has been
less than the bears predicted. What's more, while Check Point's "fast
follower" strategy means it will always arrive after the party has
started, the company seems to have a credible platform for advanced
threat detection, endpoint security, and cloud. The shares aren't
dramatically undervalued, but they do trade below fair value, and I
still think this is a quality idea in the tech space.
Read the full article here:
Check Point Software - Solid Performance, Familiar Worries
No comments:
Post a Comment