Jovita Baltrusaityte

Has Palladium Pro Any Power Over the Stock of Check Point (NASDAQ:CHKP)?

by Jovita Baltrusaityte January 27, 2011
CHKP.jpgJust several days to go and we will see the real situation of most companies. The developer, marketer, and supporter of a range of software, and combined hardware and software products and services for information technology security worldwide, Check Point Software Technologies (NASDAQ:CHKP, CHKP message board) has scheduled its earnings conference call for January 31st, so everyone is excited about what it's going to announce to investors.

CHKP_chart.jpgYesterday CHKP trading volume exceeded 2 million. After the last trade, the stock price dropped down by 0.24% and settled at $45.61 per share. According to the chart, the stock is supposed to continue its rise but it's not clear hom much higher it will be able to fly.

As of Q3 financial results, net income rose up by 25% from $91,464 to $114,515 compared the  quarters of 2009 and 2010. At the same time, total current assets decreased from 1,182,752 to 1,158,210 dollars, while current liabilities jumped up from $468 thousand to $559 thousand. All in all, Check Point is still able to cover its obligations.


However, it is interesting what is going to be announced on Q4 results, as well as annual report. Maybe we won't be able to see such a good performance of the company in Q4 but the Q1 of 2011 will be able to astonish us as rogueware application, such as Palladium Pro(in case you face difficulties on the system, follow these instructions), are freely wandering around the web causing more troubles to computer users but also making more clients to security companies like Check Point.

Although we won't still be able to see the effect of a widespread malicious software Palladium Pro on the performance of CHKP, at least we will see where the company is directed to. Maybe we will finally find out how much higher the stock of Check Point Software Technologies is able to fly.

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