Here's Why You Should Hold On to Check Point (CHKP) Stock

Check Point Software Technologies Ltd. CHKPhas an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of 3.6%.

With expected long-term earnings per share growth rate of 9.7% and a market cap of $16.

1 billion, it seems to be a stock that investors need to hold on to if they are looking to reap long-term gains.

Let’s take a look at the factors aiding the company’s performance.

Check Point’s information technology (IT) security solutions have been experiencing rapid adoption. This is evident from the company’s impressive top-line performance in fourth-quarter 2017. Revenues in the quarter came in at $506 million, up 4% year over year and marginally above the mid-point of the company’s guidance of $485-$525 million (mid-point $505 million).