Check Point Software Finally Goes on the Offensive
Summary
Check Point Software Technologies ( NASDAQ:CHKP ) has failed to excite Wall Street with its safety-first approach, but things could soon change for the better.Along with its third-quarter results, Check Point also announced that it has closed the acquisition of cloud security firm Dome9 to bolster its Infinity cyber-defense platform and win over more enterprise customers.Cloud service providers and users will be spending more money on securing their networks, creating an opportunity for Check Point to grow sales.Check Point investors can now expect the companys key metrics, such as deferred revenue and margins, to keep improving in subsequent quarters after a strong showing in the last one.This makes Check Point Software an attractive bet for value-oriented investors, as it trades at just 17 times forward earnings -- which is well below the pricey industry average of 97.