TD Cowen: Check Point and Others Have Minimal Sales Exposure to China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Should l Buy CHKP?
TD Cowen says Check Point (CHKP), Fortinet (FTNT) and Palo Alto Networks (PANW) have minimal exposure to China, with the country representing 1%-2% of each companies' sales. Reuters reported the Chinese government has instructed domestic companies to stop using security software from Israeli and U.S. companies, the analyst tells investors in a research note. TD points out that it is unclear whether this is a formal ban.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CHKP?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 145.760
Low
195.00
Averages
227.67
High
285.00
Current: 145.760
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 WAF Recognized as Industry Leader for Third Consecutive Year
- Industry Leadership: Check Point WAF has been recognized as a leader in the application and API security space by GigaOm for the third consecutive year, highlighting its exceptional performance in high detection accuracy and protection of modern web applications, thereby enhancing the company's competitive edge in the cybersecurity market.
- Outstanding Detection Capability: In the 2026 WAF comparison testing, Check Point achieved a 99.3% detection rate with only 0.81% false positives, surpassing market averages and ensuring accuracy in high-security environments, which boosts customer trust and reliance on its solutions.
- Unified Security Platform: Integrated with Check Point's Hybrid Mesh Network Security architecture, the platform provides protection across network, cloud, and application layers, simplifying operational management while strengthening overall security posture, thus enabling organizations to navigate complex digital environments effectively.
- Proactive Security Strategy: Check Point WAF extends its protection beyond traditional applications to emerging AI-driven services, ensuring that customers can innovate without being hindered by attacks, which significantly increases market reliance and recognition of its products.
See More
Check Point WAF Recognized as Industry Leader for Third Consecutive Year
- Industry Leadership: Check Point WAF has been named a Leader in GigaOm's Application and API Security Radar report for the third consecutive year, reflecting its ongoing innovation and recognition in the cybersecurity sector.
- High Detection Accuracy: In the 2026 WAF comparison testing, Check Point achieved a 99.3% detection rate with only 0.81% false positives, demonstrating exceptional performance in high-security environments and effectively blocking sophisticated automated attacks and zero-day exploits.
- Simplified API Protection: With automated API discovery and built-in protections, Check Point WAF enables organizations to quickly identify and secure exposed APIs, supporting security in rapidly scaling environments and reducing potential business disruption risks.
- Integrated Development Workflows: Check Point WAF supports CI/CD integrations and Terraform infrastructure-as-code, allowing security teams to embed protection directly into development pipelines, thereby accelerating product release while ensuring security and compliance.
See More
AI Adoption Insights from RSA Cybersecurity Conference
- AI Adoption Outlook: At the RSA cybersecurity conference, analysts met with executives from over 20 cybersecurity firms, with a consensus that AI will be implemented in 2023, although security measures are lagging and expected to catch up by 2027.
- Check Point's SASE Strategy: Check Point's SASE offerings have narrowed the gap with competitors, yet still need to scale for large enterprises by 2026, indicating an enhancement in its competitive position in the market.
- CrowdStrike's Growth Potential: CrowdStrike's next-gen Security Information and Event Management (SIEM) is well-positioned competitively due to first-party data advantages, with significant early interest in AI detection and response exceeding expectations, marking it as a key growth driver.
- SailPoint's Customer Migration: SailPoint anticipates that about 10% of its Fortune 1,000 customers will migrate to AI solutions this year, albeit at a measured pace, while the successful acquisition of Savvy is expected to simplify customer onboarding and enhance market competitiveness.
See More
Cybersecurity Stocks Decline Amid AI Model Testing
- Market Reaction: Cybersecurity stocks experienced a significant decline on Friday, with the iShares Cybersecurity ETF dropping 3% as Anthropic tests its latest AI model, Mythos, raising concerns about potential security risks.
- Stock Performance: Individual stocks suffered heavily, with Zscaler and SentinelOne tumbling over 8%, Tenable plummeting nearly 11%, and both Okta and Netskope falling more than 6%, indicating investor anxiety over the implications of advanced AI technologies.
- Industry Trends: The cybersecurity sector is under pressure from fears of AI disruption, as evidenced by last month's decline following Anthropic's announcement of a new code-scanning security tool, highlighting concerns about the industry's ability to counter increasingly sophisticated attacks.
- Security Threats: Anthropic revealed in November that a state-sponsored group in China used Claude to automate a cyberattack, intensifying the pressure on cybersecurity firms to innovate rapidly in response to evolving threats.
See More
U.S. Stocks Plummet Amid Rising Oil Prices and Iran Negotiation Concerns
- Nasdaq Index Plunge: The Nasdaq 100 experienced its worst one-day drop since October, while the S&P 500 and Nasdaq Composite recorded their worst performance since January 20, indicating heightened market concerns over economic outlook.
- Sector Performance Divergence: Tech stocks have fallen 15.5% from their October highs, whereas the energy sector has risen 10.5% since the onset of the Iran conflict, suggesting a potential reevaluation of asset allocation by investors based on sector resilience.
- Oversold Stocks: Only five stocks in the Nasdaq 100 are considered 'oversold' with an RSI of 30, indicating a bearish market sentiment that may lead to selling pressure, particularly affecting well-known companies like Microsoft and Disney.
- Cruise Line Performance Decline: Carnival Cruise Line's shares have dropped 17.6% over the past three months and 25% since the February 6 high, reflecting a sluggish recovery in the travel industry that could undermine future investor confidence.
See More
Optimistic Outlook for Cybersecurity Market Amid Rising Threats
- Surge in Cyber Attacks: CrowdStrike CEO George Kurtz highlighted an extraordinary rise in global cyber terrorism, particularly targeting companies linked to the Iran conflict, compelling businesses to increase security budgets to counter escalating threats.
- Impact of Stryker Incident: Michigan-based medtech company Stryker recently faced a cyberattack linked to Iran, disrupting its daily operations and causing a 3.6% drop in stock price on Wednesday, illustrating the direct impact of cybersecurity incidents on corporate operations and market confidence.
- AI Development Boosts Security Sector: The widespread adoption of artificial intelligence presents new growth opportunities for the cybersecurity industry, as AI tools enhance workflow efficiency but also introduce potential vulnerabilities, with hackers leveraging AI capabilities to become more dangerous, thereby increasing demand for cybersecurity solutions.
- CrowdStrike Stock Recovery: Following a brutal sell-off in mid-February, CrowdStrike's stock has rebounded to approximately $442, although still below its 2026 closing high of nearly $477, reflecting market recognition of its strong earnings report and optimistic growth outlook.
See More
Check Point WAF Recognized as Industry Leader for Third Consecutive Year
- Industry Leadership: Check Point WAF has been recognized as a leader in the application and API security space by GigaOm for the third consecutive year, highlighting its exceptional performance in high detection accuracy and protection of modern web applications, thereby enhancing the company's competitive edge in the cybersecurity market.
- Outstanding Detection Capability: In the 2026 WAF comparison testing, Check Point achieved a 99.3% detection rate with only 0.81% false positives, surpassing market averages and ensuring accuracy in high-security environments, which boosts customer trust and reliance on its solutions.
- Unified Security Platform: Integrated with Check Point's Hybrid Mesh Network Security architecture, the platform provides protection across network, cloud, and application layers, simplifying operational management while strengthening overall security posture, thus enabling organizations to navigate complex digital environments effectively.
- Proactive Security Strategy: Check Point WAF extends its protection beyond traditional applications to emerging AI-driven services, ensuring that customers can innovate without being hindered by attacks, which significantly increases market reliance and recognition of its products.
See More
Check Point WAF Recognized as Industry Leader for Third Consecutive Year
- Industry Leadership: Check Point WAF has been named a Leader in GigaOm's Application and API Security Radar report for the third consecutive year, reflecting its ongoing innovation and recognition in the cybersecurity sector.
- High Detection Accuracy: In the 2026 WAF comparison testing, Check Point achieved a 99.3% detection rate with only 0.81% false positives, demonstrating exceptional performance in high-security environments and effectively blocking sophisticated automated attacks and zero-day exploits.
- Simplified API Protection: With automated API discovery and built-in protections, Check Point WAF enables organizations to quickly identify and secure exposed APIs, supporting security in rapidly scaling environments and reducing potential business disruption risks.
- Integrated Development Workflows: Check Point WAF supports CI/CD integrations and Terraform infrastructure-as-code, allowing security teams to embed protection directly into development pipelines, thereby accelerating product release while ensuring security and compliance.
See More
AI Adoption Insights from RSA Cybersecurity Conference
- AI Adoption Outlook: At the RSA cybersecurity conference, analysts met with executives from over 20 cybersecurity firms, with a consensus that AI will be implemented in 2023, although security measures are lagging and expected to catch up by 2027.
- Check Point's SASE Strategy: Check Point's SASE offerings have narrowed the gap with competitors, yet still need to scale for large enterprises by 2026, indicating an enhancement in its competitive position in the market.
- CrowdStrike's Growth Potential: CrowdStrike's next-gen Security Information and Event Management (SIEM) is well-positioned competitively due to first-party data advantages, with significant early interest in AI detection and response exceeding expectations, marking it as a key growth driver.
- SailPoint's Customer Migration: SailPoint anticipates that about 10% of its Fortune 1,000 customers will migrate to AI solutions this year, albeit at a measured pace, while the successful acquisition of Savvy is expected to simplify customer onboarding and enhance market competitiveness.
See More
Cybersecurity Stocks Decline Amid AI Model Testing
- Market Reaction: Cybersecurity stocks experienced a significant decline on Friday, with the iShares Cybersecurity ETF dropping 3% as Anthropic tests its latest AI model, Mythos, raising concerns about potential security risks.
- Stock Performance: Individual stocks suffered heavily, with Zscaler and SentinelOne tumbling over 8%, Tenable plummeting nearly 11%, and both Okta and Netskope falling more than 6%, indicating investor anxiety over the implications of advanced AI technologies.
- Industry Trends: The cybersecurity sector is under pressure from fears of AI disruption, as evidenced by last month's decline following Anthropic's announcement of a new code-scanning security tool, highlighting concerns about the industry's ability to counter increasingly sophisticated attacks.
- Security Threats: Anthropic revealed in November that a state-sponsored group in China used Claude to automate a cyberattack, intensifying the pressure on cybersecurity firms to innovate rapidly in response to evolving threats.
See More
U.S. Stocks Plummet Amid Rising Oil Prices and Iran Negotiation Concerns
- Nasdaq Index Plunge: The Nasdaq 100 experienced its worst one-day drop since October, while the S&P 500 and Nasdaq Composite recorded their worst performance since January 20, indicating heightened market concerns over economic outlook.
- Sector Performance Divergence: Tech stocks have fallen 15.5% from their October highs, whereas the energy sector has risen 10.5% since the onset of the Iran conflict, suggesting a potential reevaluation of asset allocation by investors based on sector resilience.
- Oversold Stocks: Only five stocks in the Nasdaq 100 are considered 'oversold' with an RSI of 30, indicating a bearish market sentiment that may lead to selling pressure, particularly affecting well-known companies like Microsoft and Disney.
- Cruise Line Performance Decline: Carnival Cruise Line's shares have dropped 17.6% over the past three months and 25% since the February 6 high, reflecting a sluggish recovery in the travel industry that could undermine future investor confidence.
See More
Optimistic Outlook for Cybersecurity Market Amid Rising Threats
- Surge in Cyber Attacks: CrowdStrike CEO George Kurtz highlighted an extraordinary rise in global cyber terrorism, particularly targeting companies linked to the Iran conflict, compelling businesses to increase security budgets to counter escalating threats.
- Impact of Stryker Incident: Michigan-based medtech company Stryker recently faced a cyberattack linked to Iran, disrupting its daily operations and causing a 3.6% drop in stock price on Wednesday, illustrating the direct impact of cybersecurity incidents on corporate operations and market confidence.
- AI Development Boosts Security Sector: The widespread adoption of artificial intelligence presents new growth opportunities for the cybersecurity industry, as AI tools enhance workflow efficiency but also introduce potential vulnerabilities, with hackers leveraging AI capabilities to become more dangerous, thereby increasing demand for cybersecurity solutions.
- CrowdStrike Stock Recovery: Following a brutal sell-off in mid-February, CrowdStrike's stock has rebounded to approximately $442, although still below its 2026 closing high of nearly $477, reflecting market recognition of its strong earnings report and optimistic growth outlook.
See More
