Argentina and Turkey Defy Odds, Beat US Stock Market in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
0mins
Should l Buy CHKP?
Source: Barron's
U.S. Market Performance Compared to Others: While U.S. stocks, particularly the S&P 500, saw a 25% increase in 2024, Argentina's Merval index nearly tripled, and other emerging markets like Turkey, Hungary, and Taiwan also outperformed the U.S., highlighting that significant gains can be found outside of the U.S. market.
Economic Strategies and Outcomes: Countries like Argentina and Turkey implemented aggressive economic reforms to combat inflation and stabilize their economies, leading to substantial stock market gains despite ongoing challenges, while Mexico and Brazil struggled due to poor governance and economic policies.
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Analyst Views on CHKP
Wall Street analysts forecast CHKP stock price to rise
26 Analyst Rating
10 Buy
16 Hold
0 Sell
Moderate Buy
Current: 176.470
Low
195.00
Averages
227.67
High
285.00
Current: 176.470
Low
195.00
Averages
227.67
High
285.00
About CHKP
Check Point Software Technologies Ltd is an Israel-based company primarily engaged in the cybersecurity industry. The Company focuses on providing AI-powered, cloud-delivered security solutions to protect corporate enterprises and governments worldwide. Their key product is the Check Point Infinity Architecture, which is a comprehensive cybersecurity platform. The Platform aims to defend against fifth-generation cyber-attacks across various networks, endpoints, cloud environments, workloads, Internet of Things (IoT), and mobile devices. Apart of that, the Company offers a range of products and services designed to secure IT infrastructure. It integrates advanced threat prevention technologies, including firewall, intrusion prevention system (IPS), antivirus, anti-bot, and sandboxing capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Check Point Software Technologies Set to Announce Q4 Earnings on February 12
- Earnings Announcement Schedule: Check Point Software Technologies is set to announce its Q4 earnings on February 12 before market open, with a consensus EPS estimate of $2.77, reflecting a modest year-over-year growth of 2.6%, indicating stable profitability.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $746.42 million, representing a 6.0% year-over-year increase, which highlights ongoing demand in the cybersecurity sector despite overall lackluster growth.
- Historical Performance Metrics: Over the past two years, Check Point has successfully beaten EPS estimates 88% of the time and revenue estimates 88% of the time, showcasing the reliability of its financial forecasts and operational performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates have experienced three upward revisions and one downward adjustment, indicating a divergence in market sentiment regarding the company's future performance.
See More
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- Weak Economic Data: Initial jobless claims in the U.S. fell by 5,000 to 227,000, below the expected 223,000, while January existing home sales dropped 8.4% month-over-month to 3.91 million, marking a 16-month low, which reflects signs of economic slowdown that could impact market sentiment.
- Positive Earnings Season: Despite the overall market downturn, over 76% of S&P 500 companies that reported earnings exceeded expectations, with Q4 earnings projected to grow by 8.4%, indicating strong corporate profitability that may provide support for the market.
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- Cisco Profit Warning: Cisco Systems forecasted that rising memory chip prices would erode profitability, leading to a more than 10% drop in its stock price, which may prompt investors to revise down their future performance expectations, negatively impacting overall market sentiment.
- Employment Data Impact: Initial US jobless claims fell by 5,000 to 227,000, reflecting a slightly weaker labor market, which could influence the Federal Reserve's monetary policy decisions and lower market expectations for future rate cuts.
- Chip Demand Recovery: Sandisk's stock rose over 7% following Kioxia's forecast of strong demand for NAND memory chips, indicating growth potential in the AI infrastructure sector, which may create new investment opportunities for related companies.
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- Strong Chip Demand: Sandisk's stock surged over 8% following Kioxia's forecast of robust demand for NAND memory chips, indicating strong global demand for AI infrastructure, which boosts market confidence in tech stocks.
- Tech Stock Pressure: Cisco Systems' stock fell more than 9% as it warned that rising memory chip prices would erode profitability, limiting overall gains in tech stocks and reflecting cost pressures faced by the industry.
- Labor Market Data: U.S. initial jobless claims fell by 5,000 to 227,000, indicating a slightly weaker labor market than the expected 223,000, which may affect market expectations for future economic growth.
- Corporate Earnings Optimism: Over two-thirds of S&P 500 companies have reported earnings, with 78% exceeding expectations, and Q4 earnings growth is projected at 8.4%, providing support for the market and demonstrating corporate resilience.
See More
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- Revenue Overview: Check Points Software Technologies reported Q1 revenue ranging from $655 million to $685 million.
- Financial Performance: The revenue figures indicate a strong performance for the company in the first quarter.
See More
CHECK POINT SOFTWARE PROJECTS 2026 REVENUE BETWEEN $2.83 AND $2.95 BILLION
Revenue Projection: Check Points Software Technologies is expected to generate revenue between $2.83 billion and $2.95 billion by 2026.
Market Growth: The projected revenue indicates a significant growth potential for the company in the software sector over the next few years.
See More
Check Point Software Technologies Set to Announce Q4 Earnings on February 12
- Earnings Announcement Schedule: Check Point Software Technologies is set to announce its Q4 earnings on February 12 before market open, with a consensus EPS estimate of $2.77, reflecting a modest year-over-year growth of 2.6%, indicating stable profitability.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $746.42 million, representing a 6.0% year-over-year increase, which highlights ongoing demand in the cybersecurity sector despite overall lackluster growth.
- Historical Performance Metrics: Over the past two years, Check Point has successfully beaten EPS estimates 88% of the time and revenue estimates 88% of the time, showcasing the reliability of its financial forecasts and operational performance.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and two downward adjustments, while revenue estimates have experienced three upward revisions and one downward adjustment, indicating a divergence in market sentiment regarding the company's future performance.
See More
U.S. Stocks Plunge as Tech Sector Weighs Down Market
- Tech Sector Retreat: U.S. stocks experienced a significant decline on Thursday, with the S&P 500 down 1.57%, the Dow Jones down 1.34%, and the Nasdaq 100 down 2.04%, primarily driven by a sell-off in the Magnificent Seven tech stocks, indicating concerns over the profitability outlook in the tech sector.
- Cisco Systems Warning: Cisco Systems saw its stock plummet over 12% after forecasting that rising memory chip prices would erode profitability, raising investor concerns about future performance and potentially diminishing market confidence.
- Weak Economic Data: Initial jobless claims in the U.S. fell by 5,000 to 227,000, below the expected 223,000, while January existing home sales dropped 8.4% month-over-month to 3.91 million, marking a 16-month low, which reflects signs of economic slowdown that could impact market sentiment.
- Positive Earnings Season: Despite the overall market downturn, over 76% of S&P 500 companies that reported earnings exceeded expectations, with Q4 earnings projected to grow by 8.4%, indicating strong corporate profitability that may provide support for the market.
See More
US Stock Market Volatility as Tech Stocks Weigh Down Indices
- Tech Stock Pressure: The S&P 500 index fell by 0.52% and the Nasdaq 100 index dropped by 1.08% due to weakness in the Magnificent Seven tech stocks, indicating investor concerns that could dampen market confidence.
- Cisco Profit Warning: Cisco Systems forecasted that rising memory chip prices would erode profitability, leading to a more than 10% drop in its stock price, which may prompt investors to revise down their future performance expectations, negatively impacting overall market sentiment.
- Employment Data Impact: Initial US jobless claims fell by 5,000 to 227,000, reflecting a slightly weaker labor market, which could influence the Federal Reserve's monetary policy decisions and lower market expectations for future rate cuts.
- Chip Demand Recovery: Sandisk's stock rose over 7% following Kioxia's forecast of strong demand for NAND memory chips, indicating growth potential in the AI infrastructure sector, which may create new investment opportunities for related companies.
See More
Mixed U.S. Stock Market Performance with Tech Stocks Under Pressure
- Strong Chip Demand: Sandisk's stock surged over 8% following Kioxia's forecast of robust demand for NAND memory chips, indicating strong global demand for AI infrastructure, which boosts market confidence in tech stocks.
- Tech Stock Pressure: Cisco Systems' stock fell more than 9% as it warned that rising memory chip prices would erode profitability, limiting overall gains in tech stocks and reflecting cost pressures faced by the industry.
- Labor Market Data: U.S. initial jobless claims fell by 5,000 to 227,000, indicating a slightly weaker labor market than the expected 223,000, which may affect market expectations for future economic growth.
- Corporate Earnings Optimism: Over two-thirds of S&P 500 companies have reported earnings, with 78% exceeding expectations, and Q4 earnings growth is projected at 8.4%, providing support for the market and demonstrating corporate resilience.
See More
CHECK POINT SOFTWARE PROJECTS Q1 REVENUE BETWEEN $655 MILLION AND $685 MILLION
- Revenue Overview: Check Points Software Technologies reported Q1 revenue ranging from $655 million to $685 million.
- Financial Performance: The revenue figures indicate a strong performance for the company in the first quarter.
See More
CHECK POINT SOFTWARE PROJECTS 2026 REVENUE BETWEEN $2.83 AND $2.95 BILLION
Revenue Projection: Check Points Software Technologies is expected to generate revenue between $2.83 billion and $2.95 billion by 2026.
Market Growth: The projected revenue indicates a significant growth potential for the company in the software sector over the next few years.
See More
