- Check Point Software Technologies and Hendrick Motorsports have announced a new cybersecurity partnership.
- The collaboration focuses on protecting Hendrick Motorsports' data driven racing operations and technology infrastructure.
- The agreement positions Check Point's cybersecurity tools within a high profile US motorsports setting.
Check Point Software Technologies, trading on the NasdaqGS under the ticker CHKP, enters this partnership with Hendrick Motorsports as its shares trade around $176.25. Over the past year, the stock has recorded a 17.0% decline, while the 3 year and 5 year returns of 38.5% and 46.7% respectively reflect historical performance for investors who held through that period.
For investors watching how cybersecurity providers apply their technology in real world, high pressure environments, this move offers additional visibility into how Check Point's solutions are used. The partnership puts the company in front of a broad audience of teams, sponsors and enterprises that also deal with complex, data heavy operations and may be evaluating their own cyber defense needs.
Stay updated on the most important news stories for Check Point Software Technologies by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Check Point Software Technologies.
How Check Point Software Technologies stacks up against its biggest competitors
Quick Assessment
- ✅ Price vs Analyst Target: At US$176.25 versus a consensus target of US$222.71, the price sits about 21% below where analysts on average see it.
- ⚖️ Simply Wall St Valuation: Simply Wall St views the shares as trading close to estimated fair value, so they are not flagged as clearly cheap or expensive.
- ❌ Recent Momentum: The 30 day return of about 5.2% decline shows short term pressure on the share price.
Check out Simply Wall St's in depth valuation analysis for Check Point Software Technologies.
Key Considerations
- 📊 The Hendrick Motorsports deal showcases Check Point's tools in a real time, data heavy setting that many enterprise buyers can relate to.
- 📊 Keep an eye on any new customer wins, cross marketing activity and whether management links this partnership to revenue or pipeline commentary.
- ⚠️ The stock already prices in a P/E of 18.7x and fair value, so any disappointment in execution or limited commercial impact from the partnership could weigh on sentiment.
Dig Deeper
For the full picture including more risks and rewards, check out the complete Check Point Software Technologies analysis.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com