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☆ Stocks making the biggest moves midday: Palantir, Spotify, UPS, DocuSign and more
▼ + stars: | 2024-02-06 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its second quarter, the materials company posted earnings of 36 cents per share, greater than the 26 cents per share anticipated by analysts polled by StreetAccount. In its fourth quarter, the company posted adjusted earnings of 87 cents per share, compared to guidance of 85 cents to 87 cents in earnings per share. The company said it was committed to announcing a $3.5 billion share buyback for the first half of the year. The insurance service company reported adjusted earnings of $7.44 per share, topping the FactSet consensus estimate of $7.05 in earnings per share. Analysts polled by FactSet were expecting earnings of $1.08 per share on revenue of $1.24 billion.

Persons: Li, Willis Towers Watson, Gil Shwed, DocuSign, FactSet, Rambus, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: LSEG, StreetAccount, GE HealthCare Technologies, FactSet, Li Auto, Deutsche Bank, Spotify Technology, DuPont de Nemours, BP —, BP, Simon Property Group, Simon Property, United Parcel Service, UBS, Software Technologies, UBS — U.S, FMC Locations: StreetAccount ., FactSet ., Mississippi, Dalton , Georgia, Dalton, Swiss

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Israeli cyber security company Check Point's Q3 profit tops estimates
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Gil Shwed, Founder and CEO, Check Point Software Technologies Ltd, speaks at a Cyber security conference in Tel Aviv, Israel January 31, 2017. The Israeli-based company said it earned $2.07 per diluted share excluding one-off items in the July-September quarter, up 17% from $1.77 a year earlier. It was forecast to earn $2.02 a share on revenue of $591.5 million, according to I/B/E/S data from Refinitiv. Check Point said it bought back 2.48 million shares in the quarter, worth $325 million, as part of its ongoing $2 billion share buyback programme. CEO Gil Shwed said that despite the "tragic events in Israel over the past three weeks our global business has continued to operate as planned", introducing new products and completing acquisitions.

Persons: Gil Shwed, Baz Ratner, Steven Scheer, Louise Heavens Organizations: Software Technologies, REUTERS, Rights, Revenue, Thomson Locations: Tel Aviv, Israel

☆ Hackers infiltrated Israeli smart billboards to post pro-Hamas messages, reports say
▼ + stars: | 2023-10-13 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Two billboards near Tel Aviv were hacked and made to show pro-Hamas messages. Images on social media showed billboards displaying images of Hamas soldiers and rocket attacks. AdvertisementAdvertisementHackers took over two Israeli smart billboards and used them to broadcast pro-Hamas messages, reports said. The billboards in the region of Tel Aviv were hijacked for a brief period on Thursday, CNBC reported. It comes after parents in Tel Aviv were warned to delete social-media apps from their children's phones over fears that Hamas could broadcast videos of hostages.

Persons: —, Gil Messing, Israel Organizations: Service, CNBC, Hamas, Tel, Software Technologies, Wall Street, Bloomberg, Anonymous, IB, Israel National Cyber Directorate Locations: Tel Aviv, Israel, cyberattacks, Yemen, Afghanistan, Russian, Anonymous Sudan, Gaza

☆ Israel Sees Cyber Incursions Across Digital Systems
▼ + stars: | 2023-10-12 | by ( ) www.wsj.com time to read: 1 min

Cyber aggression in Israel escalated Wednesday night. Hackers infiltrated Israel’s smart billboards, posting pro-Hamas messages and images, according to cybersecurity company Check Point Software Technologies. Israelis are receiving threatening texts on their phones and WhatsApp messages from numbers in Yemen and Afghanistan, Check Point said. Attempts to access Israel’s industrial systems have jumped in the last day or so, said Yossi Appleboum, chief executive of cyber company Sepio. The activity, so far unsuccessful in penetrating the networks, has come from Iran, Syria and pro-Russia hacktivist group Killnet, Appleboum said.

Persons: Yossi Appleboum, Appleboum Organizations: Software Technologies Locations: Israel, Yemen, Afghanistan, Iran, Syria, Russia

☆ Billboards in Israel were briefly hacked to display pro-Hamas messages as cyberwar ramps up
▼ + stars: | 2023-10-12 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Israel supporters hold flags as they protest, following Hamas' biggest attack on Israel in years, in Bogota, Colombia October 9, 2023. Cybersecurity threats in Israel are mounting amid the Israel-Hamas war, including two hijacked smart billboards that briefly showed pro-Hamas content, and a cyberattack on a college that published hundreds of thousands of personal records. More than 40 groups are currently attempting, or say they're attempting, cyberattacks, Messing said, adding these threats aren't uncommon. The motivation is more about creating fear and discomfort, not so much about creating damage that is significant." The biggest cyberattack so far this week involved Ono Academic College near Tel Aviv, Messing said.

Persons: Israel, Gil Messing, Messing Organizations: Software Technologies, CNBC, CTV Media Israel, Ono Locations: Israel, Bogota, Colombia, Tel Aviv, Gaza, Jordan

☆ US, UK issue Iran sanctions ahead of anniversary of Mahsa Amini's death
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Demonstrators at a Freedom Rally for Iran, protesting in support of Iranian women and against the death of Mahsa (Zhina) Amini, outside City Hall in Los Angeles, California, U.S., October 1, 2022. Amini, 22, died on Sept. 16 last year after being arrested for allegedly flouting the Islamic Republic's mandatory dress code. Her death sparked months of anti-government protests that marked the biggest show of opposition to Iranian authorities in years. The U.S. States and Britain, along with the European Union, have announced multiple rounds of sanctions against Iran, citing the widespread and often violent crackdown on protests after the death of Amini. The sanctions target LEF spokesperson Saeed Montazerolmehdi, multiple LEF and IRGC commanders, and Iran’s Prisons Organization chief Gholamali Mohammadi.

Persons: Bing Guan, Mahsa Amini, Antony Blinken, Saeed Montazerolmehdi, Gholamali Mohammadi, Alireza Abedinejad, Brian Nelson, Rami Ayyub, Susan Heavey, Daphne Psaledakis, Chizu Nomiyama, Marguerita Choy Organizations: Hall, REUTERS, Rights, European Union, Iran, Police, U.S . Treasury Department, Islamic Revolutionary Guard Corps, Enforcement Forces, Iran's Prisons, Iran’s Prisons Organization, Douran Software, Press, Tasnim News Agency, Terrorism, Financial Intelligence, Thomson Locations: Iran, Los Angeles , California, U.S, Britain, States, Iran’s, Canada, Australia, Fars, United States, Tehran

☆ Cybersecurity firm Palo Alto projects strong annual billings, shares rally
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Aug 18 (Reuters) - Palo Alto Networks (PANW.O) forecast annual billings above market estimates on Friday, in a sign that more businesses were turning to its integrated cybersecurity offerings to combat rising digital threats. Palo Alto projected full-year billings to be between $10.9 billion and $11.0 billion, compared with the Visible Alpha consensus estimate of $10.80 billion. Shares of Santa Clara, California-based Palo Alto have declined around 17% since it set Friday as its earnings date earlier this month — a move some analysts termed as "head scratching". Its fourth-quarter revenue grew about 26% to $1.95 billion, roughly in line with analysts' expectations, according to Refinitiv data. Palo Alto expects annual adjusted profit per share to be between $5.27 and $5.40, compared with analysts' expectations of $4.98.

Persons: billings, Nikesh Arora, Jaspreet Singh, Shilpi Majumdar Organizations: Palo Alto Networks, Palo Alto, platformization, Global, Palo, Software Technologies, Thomson Locations: billings, Santa Clara , California, Alto, Bengaluru

☆ Ransomware attacks surge 20% as cyber warfare enters 'fifth generation', says Check Point CEO Shwed
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRansomware attacks surge 20% as cyber warfare enters 'fifth generation', says Check Point CEO ShwedGil Shwed, Check Point Software Technologies CEO , joins 'The Exchange' to discuss the surge in ransomware attacks and how new A.I. tools could begin to assist cyber criminals.

Persons: Shwed Gil Shwed Organizations: Software Technologies

Palo Alto Networks (PANW.O), the largest player in the space by market share and valuation, will kick off sector earnings on Tuesday with what analysts polled by Refinitiv estimate to be a near 24% increase in quarterly revenue. Reuters GraphicsVendors that are a one-stop shop for cybersecurity solutions help their clients analyze security data better as well as integrate a variety of applications, optimize costs and improve risk management. Top cybersecurity providers Palo Alto Networks, CrowdStrike Holdings (CRWD.O) and Fortinet Inc (FTNT.O), which offer a range of services including cloud and identity protection, are set to benefit from the consolidation trend, said D.A. CrowdStrike and ZScaler Inc (ZS.O) are expected to report revenue growth of 39% and 45% when they report earnings on May 31 and June 1, respectively. Palo Alto Networks, Fortinet lead cybersecurity stocks in the past yearReporting by Vansh Agarwal, Samrhitha Arunasalam and Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ GM hires former Apple executive Abbott to lead software unit
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 9 (Reuters) - General Motors Co (GM.N) on Tuesday named former Apple Inc (AAPL.O) executive Mike Abbott to lead a division that will bring together three software functions within the company. Abbott, whose appointment is effective from May 22, will spearhead development of vehicle and enterprise software technologies. Automakers, including GM and Ford Motor Co (F.N), have been increasingly ramping up their investment on technology and software services amid an electric-vehicle push, as they look to cash in on subscription-based services. At Apple, Abbott led a team responsible for the development of core infrastructure for all of the company's cloud-based services including iCloud, iMessage, Private Relay, Mail and account security. Bloomberg News had in March reported Abbott would step down from his role at the iPhone maker.

While other automakers like Volkswagen AG (VOWG_p.DE) have also been caught out by the sharp shift in China, Japanese automakers stand out because of their limited showing in the fast-growing category of electric and plug-in hybrid sales. Mitsubishi, like some other Japanese automakers, does not break out China sales figures. Industry data analysed by Reuters showed its first-quarter sales in China fell by 58% from a year earlier. Nissan Motor Co Ltd (7201.T) posted a 45.8% drop in China sales and Mazda Motor Corp (7261.T) sales were down 66.5% in the first quarter. "Japanese automakers could face a similar struggle in the United States as in China," he said.

☆ Israeli cyber security firm Check Point Software Q1 profit tops estimates
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: 1 min

JERUSALEM, May 1 (Reuters) - Check Point Software Technologies (CHKP.O) reported on Monday higher than expected profit for the first quarter of 2023, boosted by growth in its consolidated cyber security platform that prevents attacks across networks, mobile and the cloud. The Israeli-based company said it earned $1.80 per diluted share excluding one-off items in the January-March period, up 15% from $1.57 a year earlier. It was forecast to earn $1.74 a share on revenue of $569 million, according to I/B/E/S data from Refinitiv. Check Point said it bought back 2.6 million shares in the quarter, worth $325 million, as part of its ongoing $2 billion share repurchase programme. Reporting by Steven Scheer, Editing by Ari RabinovitchOur Standards: The Thomson Reuters Trust Principles.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
▼ + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.

☆ Watch CNBC's full interview with Check Point Software CEO Gil Shwed
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Check Point Software CEO Gil ShwedGil Shwed, Check Point Software Technologies CEO, joins 'TechCheck' to discuss his thoughts on cyber threats and the e-crime space.

☆ Our margins are very healthy, says Check Point Software CEO Gil Shwed
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur margins are very healthy, says Check Point Software CEO Gil ShwedGil Shwed, Check Point Software Technologies, joins 'TechCheck' to discuss his thoughts on cyber threats and the e-crime space.

☆ Cheap quality stocks offer a smoother ride, according to Trivariate Research
▼ + stars: | 2023-01-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors worry about greater market volatility looming in 2023, Trivariate Research offers up some cheap, quality stocks that can be used to play defense. Yet investors struggle to find attractive stocks that are traditionally defensive, according to Trivariate Research. One way investors can find some attractive defensive names would be to look for cheap, quality stocks with low volatility. Pfizer is a defensive stock that is compellingly valued, according to the screen. Meanwhile, Check Point Software Technologies also looks like cheap quality, and was the only technology stock that met Trivariate's criteria, with a 0.63 beta.

☆ Here are the 10 stocks we consider our core holdings in the Club portfolio — and why
▼ + stars: | 2022-11-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +12 min

At the Investing Club, we generally try to keep our portfolio to around 30 stocks, give or take a few. In light of Thursday's "Monthly Meeting," we wanted to identify what we consider our 10 core holdings of the 32. We may consider a stock a core holding today but that could change three months from now. Management sees its post-separation core business growing revenues at a high single-digit clip and earnings-per-share increasing in the double digits. The stock provides a stellar dividend yield of nearly 3.5%, and the bank has plenty of excess capital to repurchase stock quarter after quarter, while other banks have paused their buybacks.

☆ Check Point Software sees further gains in Q4; CFO to take 6-month leave
▼ + stars: | 2022-10-27 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

For the fourth quarter, Check Point projected revenue of $608-$658 million, up from $599.1 million a year earlier and against analysts' expectations for $630.8 million. While Check Point forecasts a strong end to 2022, chief executive Gil Shwed said it was difficult to estimate next year's outlook. For all of 2022, Check Point expects revenue of $2.299-$2.349 billion, compared to a prior estimate of $2.2-$2.375 billion. Over the past quarter, cyber attacks increased by 28%, underscoring the critical need for cyber security, Shwed said. Check Point has moved to a prevention-first security system that includes securing corporate networks, the cloud and employees who work remotely.

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

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