CHKP, NET, FTNT: 2023 Expectations For Cybersecurity Stocks

Check Point Software (CHKP) delivered a solid 1Q23 and highlighted a strong pipeline, according to TD Cowen. Shaul Eyal checks in on cybersecurity stocks. TD Cowen has an outperform rating on FTNT, CRWD, S, CHKP, and NET. He talks about how despite macro headwinds, CHKP is positioned to achieve its FY23 guided range. He also goes over Cloudflare (NET) has a disappointing outlook and management's opportunity to show it could operate and execute in times of restraint. He mentions that TD Cowen expects Fortinet (FTNT) to exceed 1Q23 earnings estimates. He then examines 2023 performance expectations for cybersecurity stocks. Tune in to find out more about the stock market today.