Skip to content
Subscriber Only

Check Point Trouncing Palo Alto as Investors Dump Growth Stocks

  • Slowdown in security spending has punished high valuations
  • Palo Alto down 21% year to date despite bullish analyst calls
Updated on

Check Point Software Technologies Ltd., the world’s top firewall provider, grew at a fraction of the pace of its upstart rival, Palo Alto Networks Inc. last year. In today’s stock market, that’s a plus.

Shares of Check Point are up 4.4 percent this year, while Palo Alto, which went public in 2012, has lost 21 percent, dragged down by a selloff in high-growth stocks.