13 Best Cybersecurity Stocks to Buy According to Billionaires

9. Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Number of billionaire investors: 9

Dollar value of holdings: $136,732,049

Check Point Software Technologies Ltd. (NASDAQ:CHKP) specializes in AI-powered, cloud-delivered security solutions for enterprises and governments.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has partnered with cloud security leader Wiz to deliver an integrated, end-to-end security solution for hybrid cloud environments. This strategic alliance bridges the gap between cloud network security and Cloud Native Application Protection (CNAPP) by combining Check Point’s expertise in network security with Wiz’s advanced risk analysis and visibility tools. The collaboration enhances risk prioritization, threat prevention, and security automation, positioning Check Point as a stronger player in the rapidly growing cloud security market.

Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered solid full-year 2024 results, with revenue reaching $2.5 billion up 6% Y-o-Y. Non-GAAP EPS came in at $9.16, 16 cents above expectations, reflecting profitability and operational efficiency. While operating expenses grew 12% due to higher sales and marketing investments, net income still improved by 2% to $303 million, demonstrating strong financial discipline.

Analyst Rob Owens from Piper Sandler upgraded the stock from Hold to Buy and raised the price target from $220 to $260, on March 3, 2025.